FREQUENTLY ASKED
QUESTIONS
I have an accountant. Why do I need a CFO?
My Company is small; how can I afford a CFO?
Do I get a dedicated CFO? How often will I see
my CFO?
I have a controller. Why do I need a CFO?
How do we get started?
I have an accountant. Why do I need
a CFO?
Most small business accountants focus on tax reporting and related
issues. While tax issues are clearly important for management
decisions, a CFO takes a broader view of your organization. Our
CFO’s have experience in accounting, finance, management,
and operations. We will help you evaluate your profitability
and identify ways to maximize the value of your company. A good
accountant is critical to every business. A strong CFO relies
on the accounting results to help drive the company forward.
My Company is small; how can I afford
a CFO?
An experienced full time CFO is expensive. The right CFO can
help you transform your small company into the business you want
it to be. Our CFOs work with you and your management team on
a part time basis. We determine with you the right level of service
for your business. We price on a flat monthly fee for our services
so you don’t get surprised each month when the invoice
comes. When you hire CFO|Solutions, you also avoid the cost of
benefits and other executive level perks. You get what you need
and you only pay for what you get.
Do I get a dedicated
CFO? How often will I see my CFO?
You will get a dedicated CFO focused on your business. We establish
goals and the time commitment up front. Our CFOs generally work
in your offices so you can be certain you get the attention your
growing business needs. By locating our service delivery on your
site, you can be certain that your CFO will be focused on your
business.
I have a controller. Why do I
need a CFO?
A controller is responsible for correctly recording the financial
activities of an enterprise and for generating periodic GAAP
financial statements. They focus on what has already happened.
Your CFO helps you evaluate what can happen. Your CFO interprets
your financial information and helps you and your management
team identify opportunities for growth and improved profitability.
A CFO typically manages the controller, treasury functions, financing
and bank relationships, IT, and other administrative activities
of the enterprise.
How do we get started?
CFO|Solutions begins with an 8 – 10 hour business analysis
phase. We will discuss your business, your financials, and your
objectives. After this initial meeting, we will analyze your
financial statements and review trends or characteristics of
successful businesses in your industry. We will provide to you
a summary of our findings including your business’ characteristics,
your goals and objectives, and recommendations to help you achieve
your goals. At that point, you can choose to engage CFO|Solutions
to help you implement or if you may prefer to move forward alone.
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