L. Franklin Hackney CPA Revenue

About L. Franklin Hackney CPA

Unorganized financial data and inefficient accounting processes can cost companies millions every year. I help companies save money and regain valuable productive time by creating data systems that streamline accounting processes. With improved processes, my clients can use their data to make informed decisions that keep their companies growing. Call 713-888-0645 or email lfh@lfhcpa.com to schedule an appointment. Select Case Studies: LEGAL SETTLEMENT SERVICE COMPANY SITUATION: This client needed a way to accurately and reliably calculate revenue for new Accounting rules (ASC 606 – Revenue Recognition).Historically, the company could not rely on their revenue calculations. APPROACH: Analysis + Logic + Critical Thinking = Data Solutions I worked with Operations, Sales and IT (database administrator) to translate Operations tracking data into triggers for revenue recognition. BENEFIT: The client now has reliable evidence and documentation of revenue recognition in accordance with ASC 606 on a weekly basis. CONSTRUCTION STAFFING COMPANY SITUATION: This company upgraded their accounting system and needed volume, gross margin and sales commission reports by project. Internal IT and the ERP implementation partner did not understand the client’s business well enough to develop accurate reports. APPROACH: Analysis + Logic + Critical Thinking = Data Solutions I worked with the CEO, CFO and Operations manager to design reporting packages for the executive team and sales group. I researched selected accounting packages and developed reports from the database back-end of the client’s ERP system. BENEFIT: The company has weekly insight into the profitability of each project they undertake as well as sales commissions. Margins have improved on average 3% due to management visibility of project profitability. See more case studies and client list on my personal profile: www.linkedin.com/in/lfhcpa

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