Part-Time CFO Services
Growing businesses in Hampton Roads often reach a point where they need professional financial advice but can’t afford a full-time CFO or controller.
If you’re fortunate enough to be in this position, then we have the perfect solution for you. Our Part-Time CFO Service gives you a professional financial manager who works with you to help guide your business to success.
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.
What Does a Part-Time CFO Do and What Can I Expect to Receive from Part-Time CFO Services?
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.
Part Time CFO Services in Hampton Roads from Minton CPA & Associates
Regardless of your company’s size, revenue goals, or profitability; when you retain Minton CPA and Associates as your part-time CFO you can expect not just an individual CPA, but a full-service firm. We can work with you for the duration of a one-time project or collaborate with your internal team on an ongoing basis, tailoring a solution to fit your business objectives.
We leverage our technology tools for helping your business automate the analysis of its financial and operational data. All related metrics are presented in easy-to-read charts and graphs. Our automated processes and advanced technological infrastructure integrated across all our services, including CFO services, significantly increase efficiency and save our clients time and money.
Our financial and business management experts bring practical experience from a range of industries, inspiring advice and solutions that are guided by the market trends, technologies, accounting and finance drivers that matter most to you.
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%.