Graphic highlighting the importance of strategy, accounting and information
 

Chief Financial Officer/CFO Services


An Alternative to a Full-Time CFO
 
It’s the blessing and the curse of running a growing business — everyone is aiming for success, but the more you succeed, the more elaborate and complex your finances become. It’s around this time when business owners start considering CFO services, whether through bringing someone on to the team or by outsourcing.
For many companies, hiring a traditional CFO feels daunting, and even unnecessary. If you’re a smaller organization, you may not have enough resources or consistent work to justify hiring a full-time CFO on to your team. The fact remains that the insights and strategy provided by a CFO or an accounting expert are critical to strategically grow and scale your business, but an outsourced CFO might not necessarily be the answer for your business either.  So what is a business owner to do?
BOSS mitigates the need for a full-time CFO for many small and growing businesses altogether. BOSS offers similar reporting, management, and strategy resources that a CFO provides as part of our finance and accounting services.

Benefits of Outsourced CFO Services
  1. Allows for Internal Growth – Your small business is growing and becoming more complex. It is increasingly difficult to recognize trends that might be affecting operations.
  2. Remedies Financial Constraints – You’re not quite ready financially to add a full-time CFO or accounting staff to your team.
  3. Improves Cash Management – You need better management over cash flow and more control of your company’s assets.
  4. Gives Unbiased Advice – Your business would benefit from having an unbiased set of eyes on your operations and to give clarity to your financial situation so you can make more strategic decisions that will direct your business toward the most profitable outcome.
  5. Offers Trust – It will be difficult to find a trustworthy CFO to bring on board, and you’re worried about internal fraud.

Controller and CFO Services
  • Financial analysis and reporting
  • Operations review
  • Cash flow planning and analysis
  • Strategic planning
  • Financial forecasting
  • Training for in-house accountants and bookkeepers
  • Comprehensive tax planning
  • Profit analysis and improvement
  • Bank reconciliations
  • Accounts payable and accounts receivable
  • Payroll
  • Point-of-sale software and support
  • QuickBooks accounting software training and support
  • Liaison with outside CPA, attorneys, bankers, and other consultants

Project-Based Services
  • Mergers and acquisitions
  • Raising capital
  • Due diligence
  • Risk management
  • Pricing, margins, and cost analysis
  • Exit strategies
  • Third-party software integration
  • Government compliance
  • Employee compensation and incentive plan
  • Retirement planning
  • Raising capital