CFO Services Atlanta
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.
Once there is a plan in place, you will want to know how well you are tracking to it. We all understand that we must know how vital budgets are, but they do not always get used. Your CFO for Hire can help get your budget in place and then analyze your company’s performance against it.
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, and if that ever happens to you, your CFO for Hire can help you dig deep and control the excess.
Labor cost management
If you find that your company is a staff-heavy organization, you must know as much as deemed possible about your payroll costs. How efficient is your staff operating? Should you consider given someone a raise, and if so, what will that do to your business over the long haul? For businesses we have coached labor costs tend to be their biggest downfall. They have either over-hired or not staffed enough, and the bottom line gets strained.
Variable vs. fixed expense reporting
Not all costs for one’s business are created equal. You will without any doubt incur fixed costs regardless of what you do, and while you may be able to reduce costs in this category, there’s only so much you can cut before the benefit to your business becomes less and less impactful. Meanwhile, your variable expenses are the costs you incur when you do work. The mystery to getting wealthy is controlling these costs in a most efficient manner. Your CFO for Hire will be your CFO expert at identifying these costs and keeping them in check.
Debt planning and reduction
If debt is a part of your growth strategy, your 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 we need to create a reduction plan for getting your company back on top.
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