Part-Time CFO Services

Why a Part-Time CFO is Critical for Your Small Business

In the early days of a business, an owner may find himself working diligently to handle all the daily activities including the bookkeeping and expense management or even outsourcing these activities to a small firm or an individual.

Learning all the various aspects of running a business, following legal guidelines, avoiding penalty letters from the numerous authorities to whom you now report, can become overwhelming.

At some point it will become unmanageable and more sophisticated help will become necessary.

Revenues will begin to grow yet cash flow will become tighter. Tax issues can suddenly begin to shift and become an item needing attention and minimizing.

The visionary owner finds less time to coach and grow the team.

At this point it is time to add some experienced hands.

How an Outsourced CFO Can Grow Your Business

An Outsourced CFO can become the Implementer and CEO’s right hand while keeping the cost structure flexible.

Embracing the CEO’s direction for the company, the CFO can help to create the roadmap for success, knowing where the landmines reside can save much time, energy and money by avoiding them.

Having a CFO is much different than having a CPA to talk with occasionally.

A CFO is on site and in the trenches working with the team, with investors, banks, crunching the numbers until the solutions float to the surface.

A CFO brings a passion for business, success and helping the CEO accomplish their dreams.

What's the Difference Between a CFO and a CPA?

CPA	CFO
Independent	Not independent
Offsite	On site
Focus on advising business owners on running business	Directs financial goals, objectives, and strategies
General business management consulting	General business management
Focus on accounting systems and financial results	Focus on business management, accounting practices, and financial results
Reviews and recommends changes to policies, systems, and processes	Manage and develop policies, system, and process
Meets with management monthly, quarterly, or annually	Works side-by-side with management
Business tax advice, planning, and preparation of tax returns	Tax planning and general knowledge of taxes
Financial closing of books, including adjusting entries	Financial closing of books, including adjusting entries
Financial statement preparation, including Accountant's Report	Generation of internal financial statements
Compiliation, Review, or Audit of financial records	Financial analysis and recommendations
Budgeting and forecasting	Budgeting and forecasting
Business plans	Business plans
Recommends accounting systems. Assists with setting up of books and records.	Implements and maintains accounting systems.
Advises on risk management	Manage risk
Assists in raising capital	Executes capital raising strategies
Reviews legal documents and advises accordingly	Manages legal contracts and activities
Reviews IT activities and advises accordingly	Manages IT activities
Advises on environmental issues	Manages environmental issues
Advises on quality assurance function and makes recommendations	Manages quality assurance function
Advises and trains accounting staff	Hires, manages, coaches, and trains accounting staff
Analyzes cash management and makes recommendations	Performs cash management
Inventory/cost analysis	Inventory/cost management and analysis
Advises on HR function and makes recommendations	Manages HR function
Fraud detection. Recommends internal controls.	Implements internal controls to prevent theft
Advises start-up companies	Helps build infrastructure
Personal tax advice, planning, and preparation of tax returns	N/A

Examples of the CFO Services We Provide

Starting with the End in Mind

Inventory Control

Team Building

Project Management

Accurate and timely financial statements

Tax Analysis

Project Management

Budgets and Cash Flow Statements

Bank Loans

Negotiations

Profit Maximization

Board Relationships

Entity Type Determination

Company Management

Legal Requirements

Personality Profiling for Success

Insurance Needs

Profit Margin Controls

Hiring and Firing

Turning Chaos Into Calm

Some of the Industries We Serve

Manufacturing

Online Retail

Auto Dealerships

Professional Services

Restaurants

Medical

Non Profits

Construction

Agricultural

Churches

Insurance

PEI

Distribution

Technology

Charitable Foundations

Retail

Utilities

Franchise

Real Estate

Transportation

Small Business Services

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Nonprofit Services