Contract CFO Services

“Often you just need help with some aspect of financial accounting or federal taxation to get you through the next growth phase. Outsourced tax, accounting and consulting services (otherwise known as Contract CFO Services) really shine in this situation because you only invest capital in what you currently need which saves valuable resources for other crucial business operations.”

Usually the chief financial officer position is accountable for the administrative, financial, and risk management operations of a company. Often with small companies, the chief financial officer fulfils the role of controller and bookkeeper, which means that the CFO manages the accounting department or is the accounting department.

In addition to providing you with the information you need to develop financial and operational strategy, metrics tied to that strategy, and the design, implementation, and monitoring of financial accounting systems designed to manage and preserve your assets, a CFO is often also responsible for the accounting operations of the company, including preparation of financial reports, maintenance of accounting records, implementation of preventative and detective controls to prevent and detect theft, and ensure that reported results comply with the company’s applicable financial reporting standards and meets the company’s tax reporting obligations.

A CPA in the role of contract CFO won’t make management decisions for you, but rather provide you with the information necessary to make educated decisions. For example, you may want to know if you should payoff debt, invest in additional equipment, whether or not your business model is functional and scalable, how to manage cash to meet your growth and operating needs, and how to build, implement and operate an accounting system that will help you meet your financial reporting and tax compliance needs. You may think you can’t afford the advice of a CPA but the reality is that  you can’t afford not to because unwinding a mistake is usually more costly than preventing it from happening. 

Often you just need to know some aspect of accounting or taxation to get you through the next growth phase. Contract CFO Services really shine in this situation because you only invest capital in what is currently needed which saves valuable resources for other crucial operations.

Here is what you can expect when you engage us to provide Contract CFO Services . . .

• We will gain an understanding of your business model and your financial and operational strategy;
• We will help you build and implement an accounting system that meets your financial reporting and tax accounting needs;
• We will help you understand leverage, debt and capital resources necessary to help you grow your company; and
• We will work with you to create and monitor budgets, and identify and monitor key metrics relevant to your success.  

For more information, please call us at (775) 828-5027 or send us an email.