Part-Time CFO     |     Interim CFO     |     Project CFO

Growing businesses often reach a point where they need professional financial advice, but can’t afford a full-time CFO or controller. Also projects arise or staffing changes occur that require immediate assistance for a finite period of time.

If you started your own business or bought into an existing business you might be wearing all of the ‘hats.’ Your hats probably include the operations or sales responsibilities which are what you got into the business for but also include the financial, human resources, risk management and other hats that are required but keep your time and energy away from what you want to or should be doing to grow your business.

If you find yourself in this position then I have a perfect solution for you. My CFO for hire service gives you professional financial management support to assist your business in its growth.

The cost of hiring a full-time CFO can range from as little as $60,000 to well over $150,000 per year plus bonuses, benefits and employment related taxes. Also hiring the right person can be a lengthy process which could include paying a recruiting fee. By outsourcing the CFO role you pay a fixed daily or hourly rate. Your cost is controlled to fit your needs and budget while receiving all of the benefits of having a financial professional to focus on your business growth.

My services are designed to provide you an experienced professional that works at your location and is involved in making management decisions. CPAs are required to be independent from their client’s for many of the assurance services offered like audits and reviews of your financial statements. If you use another CPA for your external financial reporting needs I can work with them to minimize your cost for those services while offering you management consulting services which they can’t.

Here are some of the services that are offered with this solution:

• Financial management coaching so that you can better understand your financial data and make better financial decisions
• Financial statement reporting and analysis including bench marking & trend analysis
• Budgeting and financial forecasting
• Cash flow projections and analysis
• Accounting staff training and management
• Best practice policies and procedures
• Development of accounting procedure manuals
• Internal control design, assessment and testing to reduce employee theft and increase profits
• Accounting systems evaluation and implementation
• Business plan development assistance
• Analysis of business expansion or equipment purchases
• Lender reporting and assistance with negotiating financing with banks
• Risk management and insurance coverage assessment
• Liaison with bankers, attorneys, insurance agents, venders, etc.
• Month end / year end closing & account reconciliation
• Bank reconciliations
• Payroll processing and reconciliation
• Accounts receivable management and design of collection policies and procedures
• Accounts payable management
• Accounting information clean up for preparation of Audit or reviews
• Tax savings strategies