Fractional CFO Services
As a business owner you wear a lot of hats. Anticipating and preparing for financial hurdles in your business can be a tough gig, particularly if you’re a pint-sized company or a medium-sized venture. But what if you could harness the power and skills of an experienced Chief Financial Officer at a fraction of the cost of a full-time executive? Well, consider our part-time CFO services as your financial compass.
Addressing the Financial Quandaries
How Much Does A Part-Time CFO Cost?
The cost of hiring a full-time CFO can range from $90,000 to over $150,000 per year plus bonuses and benefits. Our Part-Time CFO services provides you with experienced support at a small fraction of that cost.
Reaping the Rewards of a Fractional Chief Financial Officer
We serve you a platter of comprehensive financial reports and insights, breaking down the complexities of your company’s financial wellness. This translates into your ability to make decisions grounded in hard data. Plus, we’ll help keep your business afloat by safeguarding against financial risks and assuring profitability.
More time to focus on new services, new customers, and other core business issues.
Position the financial functions of your business as a competitive advantage.
An experienced CFO can help you cut waste, deploy cash efficiently, and find opportunities for maximized production or expansion.
Manage annual budgeting process, development of annual strategy
A CFO can be a much-needed sounding board, coach, or guide.
Identify key metrics and map out reporting to monitor
Improved quality and timeliness of financial information.
Budget preparation and monitoring.
Tax saving strategies.
Trend analysis.
Cash management.
Assistance in obtaining financing from banks, including assistance with negotiations.
Review/negotiation of insurance policies.
Analysis of equipment purchases, expansions, etc.
Custom designed collection policies and procedures
Better understanding of the financial side of your business. You’ll have fewer surprises and more control over the revenue generated.
Improved decision-making capabilities from clearly seeing the hard and true numbers of your business.
A readily available sounding board to help you with those tough business decisions and help you clarify your business plans.
The comfort from knowing that a professional is overseeing, protecting and constantly improving the financial side of your business.
A professional who establishes strong financial controls in your business to reduce inventory shrinkage, purchasing procedures, labor scheduling; all designed to increase profits.
Training and managing your in-house accounting staff.
Profitability analysis by service or product line.
Assistance in defining long-range plans and the quantification of goals.
Liaison with bankers, attorneys, vendors, insurance agents, etc.
Liaison with bankers, attorneys, vendors, insurance agents, etc.
Development of company accounting procedure manuals.
Mergers and acquisitions assistance
What A Part-Time CFO Will Not Be Doing
A part time CFO is not an accounting clerk or bookkeeper. They will not be managing transaction entry for accounts receivable, accounts payable, or payroll. They will not be reconciling your bank accounts.
You should not expect your part time CFO to be closing monthly books.
A Closer Look at Our Offering
We have developed a successful business model that delivers exceptional value to small and medium sized businesses in Virginia Beach, Chesapeake, Norfolk, and all throughout the Hampton Roads region. Our ability to combine technology, scalable professional expertise and access to offshore resources allows us to pass these efficiencies along to our clients which can help them reduce costs by up to 80%.
Don’t Just Listen to Us…Here’s What One of Our Clients Has to Say:
I make it a point to refer people that I meet to Minton CPA and Assoc. The team is personable, knowledgeable and truly work in the best interest of their clients. Beyond doing my taxes, I have received so much knowledge and guidance that has helped my personal and business financial standing! If you are looking for a CPA home, don’t consider or delay reaching out to Tina and her team. I highly recommend!