Part-Time CFO

Business Coaching/Part-Time CFO

The Part-Time CFO package will include everything in the Basic Bookkeeping package as well as overseeing the profit growth of your business. Through weekly meetings, we will establish goals for your company and work to achieve them. In these meetings, we will, also, collaborate on problem areas of the company and come up with solutions. As I spend time at your company and review your books, procedures and policies, I will bring up solutions that will improve your company. I will, also, discuss with you the best way to achieve these goals and solutions. We can then work together to implement what we have discussed and develop Key Performance Indicators to track progress.  Your goal is to have increased profits and successful overcome business challenges and this is my goal as well. 

Included

Basic Bookkeeping Bundle

• Transaction Categorizing

• Bank Account Reconciliation

• Prepare Financial Statements

• Maintain Records

• Bill and Tax Payments/Manage Invoices

• Receivables Recording

• Maintain up to date licenses and insurance

Financial and Business Goals

There are three sets of Goals that every Business should have. The first is a long- term goal such as a 30 year goal. This is the vision for your company. The second is the steps to achieving that vision, these are your 5 year or shorter goals. The last is your short term performance goals to help achieve your 5 year goals. With these performance goals, every item and procedure in your business should tie back to your long-term goals. If they do not, then you should ask yourself why you have that item or procedure. I will help track your financial goals, as well as provide you with accountability in achieving them. 

Monitoring Cash Flow

Cash is king. This means that for any business cash is one of the most important factors in many decisions. With one incorrect decision about cash, a healthy business can quickly take a nose dive that may cause the end of the business. Without cash, most, if not all, progress will come to a complete stop. There are companies that slowly burn through cash faster then they make it. This leads to the  same downward collapse of the business.  I can monitor this cash flow and help make financial decisions so your  company can grow and develop.

Cost Savings Review

Throughout the life of companies, unneeded expenditures will accumulate. This is similar to the dirt accumulating on a car, it is just part of driving but that dirt can make it so your car no longer looks pristine. For companies, this might mean that you need to have higher prices or that you have items sitting around gathering dust. I can go through each transaction for a year and see what can be canceled. I can also help implement a couple of "Save Months"  through out the year where the employees are asked to look for ways to save. 

Cost to Price Analysis

You work hard to to provided services or products, but sometimes the cash growth does not reflect that. That’s where cost to price analysis comes in. Are you charging the right amount? What products are making money? Are there products that are losing money? I can help you find the answers to these questions. Together you can have a view of the products that are profitable and those that are not. A small change in the companies offerings could make a large difference.

Collaborate for Growth Solutions

In any company, there are multiple problems that can arise and there are others that creep into a business. As Owners these problems can be hard to resolve with all the current tasks you are performing. Putting effort into fixing problems can seem daunting. But these problems can negatively effect the company. Through collaboration, solutions can be found and I will help tackle these problems one step at a time. This way each problems will have a solution and be resolved.

Track Company Trends

Through Key Performance Indicators, a company can watch for trends that can be extremely helpful.  There are KPIs that every company needs to track but there are also trends that are unique to your company. This means that unique KPIs need to be developed and new processes for tracking those trends should be created. With the right KPIs, a company can find valuable insight into the workings of their specific company.  I will help develop and track these KPIs for your company.

Financial Analysis

As problems arise and solution are discussed, there is often financial analyses that needs to be done before a safe decision can be made. This financial analyses can show what the possible results of the decision will be. The financial analysis can also help motivate a team to change or set targets for a team to achieve. As the Part time Controller I will provide this financial analysis and together we can have a glimpse into the future of your company. 

Policy and Procedure Review

Your most valuable asset is your employees but your employees do not have the motivation and knowledge that you do. This is where the right policies and procedures can really help. The correct policy and procedures are not always clear. Making the correct choose is often important to do quickly but making the wrong choose can cause even more problems. Having a second opinion is important and beneficial. I can be there to review your policies and procedures as well as provide suggestions and to be your second opinion.

Business Review