CFO SERVICES
A CFO needs to understand the operations of the business as well as how the financial system interrelates with operations. You have to understand capital structures, business funding, and you must know how to manage cash. Operating a business comes with risks, both financial and non-financial, you need to know how to avoid and/or mitigate those risks. Business strategy, the ability to see the big picture, and being decisive are a must. With that in mind, here are some of the CFO services we offer:
ANALYSIS AND SOLUTIONS
We will analyze your data and come up with viable solutions to help you realize your goals.
PLANNING AND IMPLEMENTATION
In order to realize your goals, you must make plans in order to achieve them. We will assist you in the planning process and then help implement the steps needed to accomplish the objective.
BUDGET-TO-ACTUAL REPORTING
Once a plan is in place, you will want to know how well you're tracking to achieve your objective. We all know how important budgets are, but they don't always get used. We will help get your budgets in place and then analyze your company's performance based on that budget.
BREAK-EVEN ANALYSIS
Knowing your break-even points are crucial. Your sales and production teams must know how much work they have to deliver in order to keep the bills paid. Every business faces hard times, and if that ever happens to you, we can help you dig deep and control the excess.
LABOR COST MANAGEMENT
If your a staff heavy organization, you need to keep a pulse on your payroll costs. Is your staff operating efficiently? Should you give someone a raise, and if so, what will it do to your business over the long-run? We will help you determine if you have over-hired or haven't staffed enough and how the bottom line gets affected.
VARIABLE VS. FIXED EXPENSE REPORTING
Some costs are incurred regardless of what you do, we call those fixed costs. While you can reduce cost in this category, there's only so much you can cut until benefit to your business becomes less and less impactful. However, your variable expenses are the costs you incur when you do work. The secret to increasing your profit margin is controlling these costs in an efficient manner. We can help you identify these costs and keep them in check.
DEBT PLANNING AND REDUCTION
If debt is a part of your growth strategy, we can help you optimize your liabilities so that they support you in achieving your goal. If you have debt because your company has seen hard times, then we can help you create a reduction plan for getting your company back on top.
CONTROLLER SERVICES
A controller is an individual who has the responsibility for all the accounting-related activities, including high-level accounting, managerial accounting, and finance activities within a company. Some of the controller services we offer are:
BUDGETING
Budgeting is a key component to any successful business. We will prepare budgets and outline important budgeting schedules throughout your organization. This includes the collection, analysis, and consolidation of financial data. We will monitor variances, summarize trends, and investigate budget deficiencies.
FINANCIAL REPORTING AND AUDITING
In order to understand where your business stands at any given point, you have to look at your financial reports. Whether it's a cash flow statement or balance sheet, we can generate and help you understand all the relevant and pertinent financial statements of your company. We will help you monitor the financial condition of your business. We can work with external auditors to ensure proper reporting standards are being utilized. We will monitor and enforce internal controls over financial reporting.
STAFF DEVELOPMENT
When it comes to your staff, you are only as good as the employees you hire. We can help in the recruiting, selection, and training of staff. We will monitor job results and assist you in leading and training your employees.