Outsourced CFO Services
Providing tenured expertise in strategic finance and Chief Financial Officer functions. With emphasis in offering in-depth operational, strategic, and funding transactions, with financial visibility.
At Business CFO for Hire we will manage all accounting, and finance personnel, while keeping a watchful eye –on IT, Human Resources, Risk Mitigation and Legal matters. The sole intent with this endeavor, is both keeping you aware of potential risk, and operational functionality. We can do as much or as little as you require.
Audit Preparation
Providing tenured expertise in preparation of financial statements for Audit purposes.
This typically encompasses compliance to Generally Accepted Accounting Principles, Financial Statements preparation with corresponding disclosures, meeting and delivering all Auditors requirements. Additionally, we will be engaged on a needed basis through the completion of the Audit Cycle.
Bank Package
Providing tenured expertise in preparation of financial statements for both Banking purposes, as well as raising additional capital.
This typically encompasses compliance to Generally Accepted Accounting Principles, Financial Statements preparation with corresponding disclosures, meeting statutory requirements. Additionally, we will be engaged on a needed basis through the completion of the Audit Cycle.
Bookkeeping Services
Providing tenured expertise in bookkeeping functions. We are focused on cost effective solutions that utilize the best available technology, that supports and promotes fully integrated solutions. We are proud to offer our clients industry specific plugins that create added value and key differentiators.
All bookkeeping monthly reports are reviewed by quailed personal, prior to dissemination. Clients get a comprehensive analysis monthly of all pertinent information. The provided information will vary from client to client and especially across industries.
Monthly performance reviews are available, if required.
Cost Accounting
Providing tenured expertise in executing of cost accounting. With various methodologies available, we bring clarity and understanding to a commonly complex calculation.
Cost Accounting also includes job costing, variance reporting, inventory analysis, procurement cycles (inventory management) as well as market analysis.
Funding and Restructuring Debt
Providing an analysis of funding requirements, through a defined process of determining what type of funding is required, thereafter matching the lender to the client. With a slew of relationships with traditional bankers, second-tier banks, and non-traditional funding methods, we are confident we will source funding to meet your needs. Unfortunately, not everyone will secure funding, it solely dependent on the company’s financial position. The key to funding is acting now, not tomorrow.
Financial Reporting
Providing tenured expertise in executing and preparation of financial reporting. Reporting across private companies or not-for-profit, will be executed in Accordance with Generally Accepted Accounting Principles as well as both State and Federal governance.
Internal Control Assessment and Implementation
Providing the full cycle of internal control assessment. assessment, analysis, recommendations, and implementation.
This the most common shortcoming in small companies.
A substantial theft of funds cannot only cripple your operations, but the can also force closure.
SaaS Solutions
Providing SaaS model accounting solutions, with the utilization of the backbone of a national hosted provider. Clients now could have their fiscal information available 24/7 at their fingertips. No more guessing or shooting from the hip.
Special Projects
Accounting
Providing tenured expertise in the specific need you are requiring. Projects may include, a possible fraud suspicion, a sales tax query, to a feasibility study on a possible merger / sale. We are at your disposal to discuss any special project requirements.
Budget Development, Implementation & Variance Reporting
Providing developed and tested methodology to budget creation, implementation, and variance reporting. As Stephen Covey states – “Start with the end in mind”. Budgets are an integral part of a business assessment and operational tool.
Break-Even Analysis
If your businesses on the verge of a cash crunch, knowing what the break-even points is crucial. Your sales and production teams must know how much work they must deliver to keep the bills paid. Every business faces hard times, be prepared, let Business CFO for Hire can help you dig deep and manage the process.
Cash Flow Forecasting
One of the most common and important tools for your is what is the actual cash flow forecast. This tool helps you and your strategy team understand what could happen to your cash flow in the future based on the decisions you make today.
Debt Planning, Structuring and Reduction
Growth can be funded in numerous ways. If debt is a part of your growth strategy, your Business CFO for Hire will help you optimize your liabilities so that they support you in your goal. If you have debt because your company has seen hard times, then its crucial to create a strategy, with the sole aim of reducing plan and optimizing cash usage for continued growth.
Fixed VS Variable Cost Analysis and Reporting
Not all costs incurred are created equal. All companies incur fixed costs regardless. While one may be able to trim such costs, there is only so much you can do, before the benefit to the business becomes impacted. In contrast, one’s variable expenses are the costs incurred when work is executed. Finding the optimal balance between fixed and variable costs will directly impact your net income. These costs require management regardless of profitability. Let Business CFO for Hire determine these costs and and maintain the desired equilibrium.
Software Analysis
Providing tenured expertise in the product selection of your needs. Regardless of what type of software, the foundation of product selection requires the same needs to be met.
Does it meet your needs?
Costs?
What is your ROI?
The stability of the vendor?
We utilize a software plan, with the primary objective of a vendor selection.
Software Implement
Providing a structured plan with the full participation of a team from your company. The implementation plan includes the following processes:
• Project Kick-off
• Process Refinement
• Software Build-out
• Software Configuration
• User Acceptance Testing
• Cut over
• Go Live
• Month end support
• Post installation analysis
• Support as and when needed
For Any further questions drop us a line or give us a call today.