Outsourced CFO

 

Outsourced CFO

Business growth is great but to keep your momentum sometimes you need a gap solution. If you can’t afford a full-time CFO or Controller, Resourceful Business Advisors can help you while you grow.

 

Our Part-Time CFO / Controller services give you a professional financial manager who works with you to help guide your business to success.When you consider the cost of hiring a full-time CFO or Controller can range from $70,000 to over $120,000 per year plus bonuses and benefits, our solution provides relief at a fraction of the cost.

 

Benefits of Securing an Outsourced CFO:

  • More time to focus on new services, new customers and other core business issues.

  • Better understanding of the financial side of your business, meaning less surprises and more control over the money.

  • Improved decision-making capabilities from clearly seeing the hard and true numbers of your business.

  • Advice from a readily available sounding board, guiding you with those tough business decisions and helping you clarify your business plans.

 

There is comfort in knowing that a seasoned professional is overseeing, protecting and constantly improving the financial side of your business. A professional who establishes strong financial controls in your business to reduce employee theft and increase profits.

 

If you choose, this Outsourced CFO can also help with training and managing your accounting staff. There is an overall improved quality and timeliness of financial information.

 

Additional tasks the Outsourced CFO could perform:

  • Budget preparation and monitoring

  • Profitability analysis by service or product line

  • Tax saving strategies

  • Trend analyses

  • Assistance in defining long-range plans and the quantification of goals

  • Cash management

  • Custom designed collection policies and procedures

 

Do you need additional resource to liaise with bankers, attorneys, vendors, and insurance agents? The Outsourced CFO can provide assistance in obtaining financing from banks, including assistance with negotiations. They can review/negotiate insurance policies on your behalf.

 

In preparation for growth, an Outsourced CFO could help with the development of company accounting procedure manuals. Perform an analysis of equipment purchases, expansions, and more. Perhaps you need help with an upcoming merger or acquisition.

 

Not ready for a c-suite support?

When your business grows to a point where the quantity of transactions require a Bookkeeper onsite, our Part-Time Controller service may be the right fit for you.

 

This role is a natural progression from the Monthly Write-Up service for a growing business.  

 

How it Works:

Your Bookkeeper enters the typical day-to-day transactions; i.e.: checks, deposits, customer invoices, vendor invoices, and other records....

Then, we provide management of:

  • Financial reporting and tax accounting functions

  • Accounts receivable and collection

  • Accounts payable and vendor payments

  • Inventory accounting

And, we provide you with:

  • Unlimited consultation to help you understand your financial information.

  • Accurate and timely preparation of financial statements and other management reports on a consistent basis.

  • Reconciliation of the general ledgers, sub-ledgers, and adjusting entries.

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