Frequently Asked Questions
Why should I use a part-time CFO or Controller instead of hiring a full-time individual?
With the sophistication of today’s Accounting Information Systems, online document storage, and cloud computing, much of the processing of accounting data is continuously and systematically controlled. This means that for most companies with less than 100 employees, the accounting oversight responsibilities are effectively reduced so that a full-time Accountant, Controller, or CFO is a poor use of resources. Your Part Time CFO can perform a review of your accounting and operational processes and show you how to optimize dollars spent tracking financial results while streamlining processes.
Your Part-Time CFO can perform a
review of your accounting and operational processes and show you how to optimize dollars spent tracking financial results while streamlining processes.
I have 20 employees and I do all of my own bookkeeping and my CPA prepares my annual tax returns. Why should I consider hiring Your Part Time CFO?
Numbers speak volumes – but only if you are looking at the right numbers. Your annual tax bill is important; but what about the rest of the financial story? Your Part-Time CFO can work within almost any accounting software to design the automated reports which should provide the Key Performance Indicators that are most meaningful to you.
I just installed new accounting software but the training my company received left us with far less capabilities than we had hoped for. What can Your Part-Time CFO do to fix this situation?
It takes a lot of work to customize accounting software to your companies’ needs and to train employees to use it properly. No software companies or consultants do this part of the job for you – you are expected to “figure it out” on your own. Because business owners don’t have time to fine-tune the features and streamline processes using the software, many activities surrounding the software are never optimized. Let Your Part-Time CFO go to work for you to finally accomplish this as a short-term project.
I need to automate certain processes outside of my accounting software. Can Your Part-Time CFO help
me accomplish this?
There are relatively inexpensive options available for periperhal software enhancements which can further automate processes and eliminate duplicate processes and costly additional employees. Let Your Part-Time CFO perform a complete operational and software review for your business to determine where new efficiencies and cost savings can be obtained.
I have qualified staff who handle all of my day-to-day accounting needs for Accounts Payable and Accounts Receivable. How can Your Part-Time CFO help me pull together the remaining financial aspects of running my company?
Accrual-basis journal entries, month-end closing, and financial reporting may be easily accomplished in just a few days each month. So, rather than hire a full-time accountant to perform these monthly tasks, allow Your Part-Time CFO to do the work for you at a fraction of the cost.
I need to construct the proper internal controls for my growing business. How can Your Part-Time CFO help insure that my company’s risks are being properly managed?
Identifying areas of potential risk in your business is our specialty. Governmental and Contractual Compliance, employee fraud risk, and internal control audits are services we provide at reasonable rates. Let Your Part-Time CFO help ease the burdens by identifying and managing risks as you grow your business.
How much does it cost?
Your Part-Time CFO rates are less than half the rates of regional and large accounting firms. We tailor our services around your needs and within your budget. Our fees may be charged by the hour, by the project, or by the month. You will enjoy seeing a definite list of deliverables without a whopping bill or unclear invoicing.
Where does my data reside?
Unless otherwise requested, we perform our services in your office so we are there to answer your questions, review results, and show you our progression of work. Your data never leaves your office!