FREQUENTLY ASKED QUESTIONS
A virtual CFO isn’t a cyborg or AI, it’s a flesh and blood person, a partner you can talk to, meet with, etc. The virtual part enables a CFO to support your business, without the need to be local. We have served clients on opposite coasts. The other benefit of a virtual CFO, is the ability to scale to the needs of our clients. Does a small business need a full-time CFO? Probably not. And why pay for more CFO than you need? If your business has a part-time need, whether it’s project based or limited financial flow, a virtual, part-time CFO can fit the bill.
As a business owner you are often wearing a lot of hats. When you are busy running operations, marketing your business, doing payroll, filling the water cooler, and every odd job in between, it can be hard to find time to make sure you’ve recorded all of your expenses correctly. There’s no judgment on our end. We know that not everyone is an accountant, but don’t let your business’s finances keep you awake worrying at night. Having a trusted business partner to help you feel confident in your books, and go a step further, to use those numbers to make strategic decisions – no business can afford NOT to have a CFO.
The services can be tailored to fit a customer’s unique needs. Whether it’s a short-term project, such as a new system implementation, audit support, help deciding if an acquisition or expansion is in the budget, working with lenders or assistance with collections, a trusted business partner can make the process less stressful for you. If you need help with all of those things, perhaps a more full scale investment is needed, in which case our Accounting Service Provider option could assist your business. Maybe your business is growing and you can no longer take care of keeping “the books” on your own. When you need help from the bank reconciliation to monthly close, to the full suite of financial reporting.
Are you an existing CFO or Controller with too much on your plate? There are times in the business cycle when there is more work than hours in the day, which is when CFO Support comes in. Maybe you have a major project like systems implementation, PPP loan forgiveness, or audit support, that you could use an experienced point person on. We can help manage your finance projects, so you can focus on your routine tasks.
Need an interim CFO to manage your Finance team while you work through a short-term leave of absence or the recruiting process for a full time hire? We can do that too.
Are you a small business owner with an accounting team in place, but you are missing an executive level Finance partner? The vCFO (virtual CFO) could be the right fit for you.
If your accounting department is you, Quickbooks, and a box full of receipts, our Accounting Services offering can help you from the books on up to the strategic planning.
Accounting is transactional; it focuses on the flow of money into and out of a business. Finance is broader; it takes the numbers and uses them to analyze performance, project future growth, and enables strategic decision making. Proper accounting is the building blocks of a well-tooled Finance department.