From Cash‑Basis Noise to Accrual Clarity: How a Multi‑Entity Automation Group Gained Consistency, Confidence, and Deal‑Readiness

A multi‑entity partnership shifted from cash‑basis noise to accrual clarity with Goering & Granatino’s integrated accounting, tax, and advisory services. Standardized reporting, multi‑state support, and transaction‑savvy counsel delivered consistent financials, fewer surprises, and stronger deal‑readiness.

Client Snapshot

Client: New Frontier Technologies (NFT); Chad Schimke, owner.

Industry & work: Program management, IT, on‑site commissioning; programming in highly complex environments such as manufacturing, energy, oil & gas, and food & beverage.

Structure & size: Multi‑entity partnership.

Relationship history: Chad brought his personal work to G&G in 2021, and moved his businesses to us in 2022.

Services in scope: Accounting, Tax, Advisory (including fractional CFO‑level support).

The Challenge (Before)

For Chad Schimke, owner of NFT, a perfect storm hit all at once: his longtime personal CPA stepped away; a key contact at a business retired; and an acquisition left no in‑house finance lead, creating a gap that required fractional CFO support. “At that point, I needed a fractional CFO – somebody that could help me with reconciling financials and basic CFO activities,” said Chad.

Across multiple entities, month‑to‑month profit looked erratic – not because the business was volatile, but because cash‑basis reporting misaligned revenue and expenses. Meanwhile, post‑COVID demand shifts lagged 18–24 months, which obscured the picture even further, and Chad’s team was juggling dozens to hundreds of concurrent projects. The accounting lift was heavy.

Multi‑state operations layered on state & local tax complexity – work that, unmanaged, would create audit exposure and pull Chad’s focus from running the business. And because agencies do knock unexpectedly, G&G steps in on short-notice audits – labor, sales tax, and other state reviews – so Chad’s team stays focused on the work rather than paperwork.

Why G&G

Chad didn’t want another vendor; he needed a partner to unify accounting, tax, and advisory across entities, and to fill in the CFO-level gap. “I couldn’t imagine having a dozen entities and dealing with a dozen partners,” said Chad. “Having one partner that knows my businesses and is able to quickly pivot and adjust based on whatever’s most urgent has been critical.”

For Chad and businesses like his, G&G offers technical rigor with a personal touch: integrated expertise, proactive insight, and hospitality in service.

How G&G Helped

1. Moved from cash to accrual, with percentage-of-completion (POC) where needed. With this change in reporting methodology, now NFT’s numbers align with economic reality. Chad can use these numbers in a meaningful way to make decisions. “You can’t really use cash financials in conversations with buyers or investors,” he said. “Accrual and percentage-of-completion adds credibility to those conversations.”
2. Standardized platforms and reports across entities. G&G consolidated NFT’s accounting systems and surfaced underused features. “Because G&G has experience with ERP software like ours (Foundation), they helped me leverage features and functionality that I didn’t know the system offered,” said Chad. “This helped streamline the work and cut friction when working across multiple entities.” Plus, because the team has worked across many ERPs, they were able to ramp quickly without disrupting day-to-day operations.
3. Finance support that keeps the engine running. A simple rhythm replaced ad-hoc scramble: monthly touchpoints, with multiple weekly emails; the core team reconciles the books and handles quarter-end adjustments. “When the platforms became consistent and the team became consistent, results naturally followed,” said Chad.
4. Integrated tax & multi‑state support. Year‑end planning, state/jurisdiction guidance, and hands‑on audit support – including labor and sales tax – kept agencies satisfied and the business moving.
5. Transactional advisory. G&G has advised throughout acquisitions and sale discussions. Working with a trusted third-party for Quality of Earnings, “G&G jumped in and consulted with just about anything we need on the financial side.” The result: cleaner numbers, less back-and-forth in diligence, and momentum in conversations.

Results

• Consistent financials across entities and professionally prepared returns. Now, Chad can make apples-to-apples comparisons on performance and adjust his strategy as needed.
• Clear visibility; fewer surprises. With consistent accrual reporting, Chad tracks MoM, YoY, and YTD trends; quickly spots coding anomalies; and addresses issues fast. “I’m confident that we’ll never be surprised at the end of the year,” he said. “And when an agency comes calling, the books and support are ready.”
• Deal‑readiness and credibility. Accrual basis (with POC) improved the story for valuation and investor/buyer discussions.
• Responsive partnership. “We meet at least once a month and communicate via email often,” said Chad. “I’ve never not been able to get somebody to respond, even on a day that they would typically be off.”

“Not only do I trust G&G with my business, but I’ve referred several of my peers to the firm, too,” said Chad. “I wear a lot of hats across different companies. The consistency that G&G offers has changed the game for me, and it’s been huge to work with a partner who can quickly pivot and adjust to our changing priorities.”

Services Delivered

Client Accounting & Advisory (CAS) • Fractional CFO • Accrual/POC implementation • Reporting standardization • Year‑end tax planning • Multi‑state/SALT support & audit help • Transactional advisory (buy/sell consult).

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