Hector Elizondo-Lozano, CPA

Hector is a member of AAFCPAs’ Outsourced Accounting & Fractional CFO (OAFC) practice, providing accounting infrastructure set-up and cloud-based accounting services for nonprofits. He oversees the execution of accounting services, manages deliverables that require higher-level expertise, and relieves clients of the burden of day-to-day transactional activities.

Hector collaborates with new clients to right-size people, processes, and systems to modernize their finance function and to address evolving needs as the organization scales. Helping clients migrate to cloud-based systems, he ensures processes are efficient and effective while helping clients mitigate risk.

Hector supervises junior staff in the execution of day-to-day transactional accounting procedures including AR/AP processing, payroll, and monthly general ledger account reconciliations. To help management make data-informed decisions, he provides informative monthly or quarterly financial packages featuring critical financial data. Hector also provides budgeting and cash flow projections, budget versus actual comparisons, and the associated checks, balances, and financial controls to guide nonprofit performance. Assisting management with regulatory compliance and guidance concerning audit and tax return preparation, he ensures optimal presentation to donors, funders, and other stakeholders.

Hector joined AAFCPAs in 2018 in the firm’s assurance division. He has extensive experience planning and executing financial statement audits for sophisticated nonprofits, which gives him a solid foundation in best practices for financial statement presentation and internal control procedures.

Hector is a mentor to new staff, helping them access firm resources needed to be successful. He lives in Dallas, Texas and appreciates AAFCPAs’ Work from Anywhere Model. Hector speaks both English and Spanish.

Education

• Texas Christian University – Bachelor of Business Administration, dual degree in Accounting and Finance, magna cum laude
• Texas Christian University – Master of Accounting

Professional and Civic Associations

• Massachusetts Society of CPAs (MassCPAs)
• Association of International Certified Professional Accountants (AICPA)