Renewable energy firm recharges with outsourced accounting services

Challenge

A Massachusetts renewable energy client was growing quickly. As their business needs began to move beyond the abilities of their internal team, they called BerryDunn.

Because the client was focused on rapid growth, they needed finance and accounting support in many areas. As their business boomed, they needed quick help without taking time away from development to build back office finance capabilities. 

Solution

BerryDunn’s outsourced accounting team provided a complete back office solution. Deploying expertise in day-to-day operations, we created an efficient accounts receivable, accounts payable, and monthly financial statement process that enabled the company to focus on development of solar and wind energy systems. 

Outcome

The firm, now well established, continues to use these services while keeping overhead and human resource demands down. Over the last four years, the firm has grown to a $50 million enterprise and the outsourced accounting team continues to work with the firm to optimize processes and streamline financial operations and renewable energy incentives. Added services now include performing complex GAAP accounting scenarios, facilitating the year end audit with an independent auditor and high-level financial due diligence assistance. BerryDunn also provides on-going tax structuring advice, quarterly tax planning, and tax preparation services, all of which are collaborated in-house.