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.
|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|
|Reviews and recommends changes to policies, systems,|
|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|
|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|
|Manages quality assurance function|
|Advises and trains accounting staff||Hires, manages, coaches, and trains accounting staff|
|Analyzes cash management and makes|
|Performs cash management|
|Inventory/cost analysis||Inventory/cost management and analysis|
|Advises on HR function and makes|
|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|
Examples of the CFO Services We Provide
Some of the Industries We Serve