Controller-Level Accounting Policies
Internal controls, financial close processes, and accounting policies designed for small- to mid-sized businesses.
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Audit Readiness
%
Compliance
Built for governance oversight
ASC 606 Frameworks
Revenue recognition policy alignment
IRS Retention Policies
Financial record retention standards
Segregation Control Policies
Financial approval responsibility separation
Recognized by the best
Our Featured Clients
What leadership teams say about working with Frak Finance.
Nancy - Ecommerce Brand
"We can't speak highly enough about Frak Finance. Their customized CFO services
have transformed the way we manage our retail business. Their team took the time to understand our industry, challenges, and goals, allowing them to provide tailored financial strategies that have significantly improved our profitability. Their insightful analysis of our financial data has given us a competitive edge, and their responsiveness to our needs has made them an integral part of our strategic planning. Working with Tom has been a game-changer for our business."
During this time, Tom brought his extensive financial and people management expertise to support rebuilding our finance organization from the ground up while the firm transitioned out of a startup mindset and into a mature organization. Tom would excel in an organization where leaders hold themselves accountable and own true to their commitments, needs are explored and clearly stated, and collaboration is considered paramount."
D. Singh - Scholastic Sports
“I recommend Frak Finance for any early-stage, high-growth company that needs a smart,
reliable team who has done it before and can get things done well and quickly, all with a smile on their face. Tom sees the big picture as a founder/investor himself. He can also understand the details quickly as a prior operator. I personally threw Tom in the deep end to build our financial model prior to our 10MM+ raise with little guidance on the eve of a holiday weekend (it was a pre-emptive opportunity). Tom delivered in the face of this aggressive deadline with a smile on his face.”
and clarity around how my business is really performing. They cleaned up our books, built a proper chart of accounts, and completely changed the conversation with my accountant by providing structured, reliable books. Even when things feel messy on my end, I know the financial foundation is solid — and that’s been huge.”
Adam - Social Entertainment
“I needed a solution that was cost effective but high quality and high caliber.
So that's where Frack comes into mind because... Level of attention and care and transparency. They take care of what your needs are and they tailor it exactly to what your business requires. You're not just hiring Frack, you're hiring an entire team of experts and you're not just getting this one individual on your team, you're getting our entire network."
Controller-Level Infrastructure
Build Accounting Systems That Scale Beyond Basic Bookkeeping
Between bookkeeping and CFO strategy sits the operational accounting layer that keeps your business financially organized. Frak Finance helps SMBs build controller-level accounting policies, close processes, approval workflows, and reporting systems that improve consistency, accountability, and long-term scalability.
Scaling Your Operations
Preparing for Audit
Building for Transaction
Accounting Policies That Keep Your Books Consistent, Defensible, and Easy to Review
We Help Create Accounting Standards That Keep Your Financials From Drifting
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Stronger financial governance through standardized controller policy implementation frameworks
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Improved reporting consistency using documented accounting workflow procedures
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Capitalization thresholds aligned with compliant fixed asset accounting treatment
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Lower fraud exposure through segregation and payment authorization controls
How The Policy Memo Gets Built
We build accounting infrastructure that runs on its own. Here’s how the process works, step by step.
Review Your Current Accounting Setup
We start by understanding what’s already in place, your accounting software, chart of accounts, close timeline, team structure, and existing workflows. We identify the areas where structure will have the most immediate impact: close process, internal controls, approval workflows, and documentation. This isn’t an audit of what’s wrong. It’s a clear-eyed assessment of what will make the biggest difference for your business at this stage
Design Your Policies and Controls
We build the internal controls framework, AP/AR approval workflows, and accounting policies tailored to how your business operates. Every control is right-sized, designed for your transaction volume, your team size, and your industry. We define the month-end close process with a structured checklist, assigned task ownership, and a timeline that targets clean books. Everything is built around your chart of accounts, your cost centers, and your operational rhythm.
Document and Implement
We write the SOPs, set up the workflows, and implement the close process. Every accounting policy is documented in a format your team can follow independently. Revenue recognition rules, expense classification guidelines, reconciliation procedures, vendor management protocols, all organized and accessible. Your team gets trained on the new processes, and we stay hands-on until the system is running smoothly.
Support and Refine Over Time
Accounting infrastructure isn’t static. As your business grows, we refine the controls, update the SOPs, and adjust the close process to match your evolving complexity. Frak leadership maintains oversight to ensure quality, and we’re available for ongoing support, whether that’s audit preparation, policy updates, or scaling the system for multi-entity operations.
Create Accounting Standards That
Keep Your Financials From Drifting
Every project ships a policy memo the owner can read, the CPA can apply, and the outside reviewer can pick up cold.
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Revenue Recognition
Documented policy on when and how revenue gets recognized. Mapped to how your contracts work.
3
Supporting Memo File
Technical citations, ASC references, and reasoning behind every policy. Auditor-ready support.
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Capitalization And Accruals
Thresholds, treatment, and timing for capex, accruals, deferred revenue, and reserves. Set once.
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Owner Walkthrough
A working session on the memo, every policy explained, every judgment call surfaced and signed off.
Case Studies
Our Featured Projects
Real accounting infrastructure built for real businesses.
INDUSTRIES WE SERVE
Partnering with Businesses Across Every Sector
Every industry has its own accounting complexity. Commission structures, progress billing, subscription revenue, we design policies that fit.
Controller-Level Oversight Without Hiring a Full-Time Controller
About Frak Finance
We’re Operators Turned CFOs Who Get What You’re Building
With over 20 years of experience, we’re the CFOs who’ve actually built, scaled, bought & sold businesses. Now we guide yours.
We are Always Dedicated to our Work
Are Leading Consultants that you can Trust
“The accounting side is the rearview mirror — your controller, your close process, the chart of accounts. Get it right, and everything built on top of it becomes reliable.”
— Tom Dillon, CFA
Founder, Frak Finance
THE FRAK EDGE
Accounting Policies That Connect to Everything Else
Our controller-level accounting policies transform your finance function from something that requires constant attention into background infrastructure that just works.
Accounting to CFO Pipeline
The work runs through accounting leads who would otherwise be doing controller work. No junior pass-through, no data-entry offshore.
CPA Coordination Built In
Done in the system you already use. QuickBooks, Xero, NetSuite. No platform change, no migration, no new login for your team.
Audit and Transaction Ready
The function runs on a team. The books don't go quiet when one person takes a week off or moves on to another seat.
Scales With You
Bookkeeping done at a standard that supports what's coming next. Controller work, audit, transactions, and senior reporting on top.
Scaling, Acquiring, or Preparing to Sell? Let’s Talk.
Run Your Business on Numbers You Can Trust.
Looking to have a real conversation about your numbers? Book a call today to discuss the gaps standing between you and your goals.
A Strategy Call With Senior Leadership
Honest Read Of Where You Stand Financially
Clear Next Steps, Scoped To Your Situation
Call Us Support 24/7: (312) 685-1627
Call Us Support 24/7: (312) 685-1627
View All Consulting Office Locations
View All Consulting Office Locations
Schedule a Free Consultation
Frequently Asked Questions
Common questions business owners ask before bringing in controller-level accounting support.
Do we need to hire a full-time controller to get this level of structure?
No. That’s exactly why this service exists. Frak Finance delivers the same quality of internal controls, close process design, and SOP documentation that a full-time controller would build — at a fractional investment tailored to your current stage. Many SMBs benefit from controller-level policies without needing a controller on payroll full-time. As your business grows, the engagement scales with it.
Will this work with our existing bookkeeper or accounting team?
Absolutely. We don’t replace your bookkeeper, we give them better tools, clearer workflows, and documented processes to operate within. The internal controls, close checklist, and SOPs we design elevate the work your existing team is already doing. In many engagements, the bookkeeper stays in place and performs at a higher level because the structure around them is now clearly defined.
How long does it take to implement accounting policies?
Most engagements deliver a fully documented close process, initial internal controls, and core SOPs within 30–60 days. From there, we refine and expand as your business evolves. If you’re approaching an audit or transaction on a shorter timeline, we can accelerate the build. The goal is always usable infrastructure fast, not a long consulting engagement before you see results.
What makes this different from what a large accounting firm would deliver?
Large firms tend to deliver enterprise-grade templates designed for companies many times your size. Frak Finance builds right-sized policies for SMBs, controls and processes that match your transaction volume, your team, and your operational complexity. Nothing is overbuilt. Everything is tailored. And you work with principals, not junior associates.
Blogs & Insights
Accounting infrastructure thinking for founders who want structure that scales.
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Bookkeeper vs Controller vs CFO, and Which One Your Revenue Actually Calls For
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— BUILT TO EXIT —