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AcctPositions NY Law Firm
Year End Closing case study

AcctPositions helped a New York law firm manage year-end closing after their Controller departed, ensuring accurate and timely financial reporting.

Problem

A top New York law firm faced significant challenges when their Controller left unexpectedly right before year-end closing. This timing was particularly problematic as account reconciliations had been neglected for several months, leaving the firm in a vulnerable position. The absence of a Controller threatened the firm’s ability to close the books accurately and on time, potentially impacting their financial reporting and compliance obligations. 

Solution

AcctPositions responded to this crisis by leveraging our network of candidates to secure a highly experienced Controller, skilled in managing complex financial scenarios under pressure. Our consultant reconciled all accounts efficiently and completed the year-end closing successfully and within the required timeframe. Beyond addressing the law firm’s immediate issues, they implemented robust financial controls and month-end procedures to prevent future crises. These new systems enhanced the efficiency and accuracy of financial reporting and allowed the Senior Partners to refocus on their core legal responsibilities.

As a result, the firm overcame their immediate challenges and established a sustainable framework for future financial management. AcctPositions’ intervention showcased our ability to provide rapid and effective solutions to complex financial issues, underlining our role as a critical resource for organizations in need of expert financial guidance and support. This case highlights our capacity to not just resolve immediate crises but also to contribute to the long-term financial stability and efficiency of our clients.

HOW WE CAN HELP you

AcctPositions specializes in financial management staffing solutions for complex challenges. From navigating revenue recognition in tech industries to managing critical financial reporting, we provide customized solutions to meet your unique needs and drive your business forward.

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