CFO Services

If you can magically resolve one problem in your business, what would it be? Now, this answer varies with every company and every situation. Rest assured, here at Accounting Essentials, we have a solution that will assist with paving the way to success for your company. With an experienced CFO, you are guaranteed expert guidance in handling the financial responsibilities and management of a company including cash management, budgeting, compliance, internal controls, and strategic planning. The extra resource of an experienced CFO is an expensive employee to keep on your payroll, but we have a cost effective solution. We can offer you the benefit of an experienced CFO who will oversee the financial management of your company without adding the expense of another full time employee. Our trusted reputation and services will be at your disposal to help monitor, guide, and improve your financial processes. The long term benefits of professional CFO guidance will help pave the way to success for your company.

A CFO will study an organization’s health; this includes both financial and non-financial issues. The objective is to establish real-time measurements for the purpose of monitoring internal production, customer morale, employee satisfaction, and much more. As part of our goal to improve the quality of information you have to make decisions, there is a need to conduct an analysis of several aspects of your business.

Accounting Essentials CFO Services

An experienced, professional CFO is the perfect solution to any financial management requirements a growing company may have. A CFOs responsibility encompasses the accounting, administrative, control systems, financial, fundraising, and risk management aspects of the business, and is split into the following five general areas:

  • Planning:
    • Develop a strategic direction for the business, along with supporting tactics
    • Monitor the progress of the company in meeting its strategic goals
    • Oversee the formulation of the monthly/quarterly/annual forecasts
    • Develop a system of performance metrics that support the company’s strategic direction
  • Operations:
    • Manage the accounting, human resources, and payroll departments
    • Oversee the activities of any supplier to which functions have been outsourced
    • Participate in the functions and decisions of the executive management team
    • Implement operational best practices throughout areas of responsibility
    • Engage in acquisition selection, purchase negotiations, and acquire integration into the business
  • Financial information:
    •  Oversee the compilation of financial information into financial statements
    • Report financial results to the executive management team
    • Prepare year-end financial information for tax
    • Monitor profit centers and product pricing
  • Risk Management:
    • Understand the current and potential risks to which the business is subjected
    • Take steps to mitigate risks, including the use of control systems, shifting risk to other parties, and insurance coverage
    • Report risk issues to executive management team
    • Ensure that the business complies with all regulatory and other legal requirements
    • Monitor known legal issues involving the company, as well as legal issues impacting the entire industry
  • Financing:
    • Monitor projected cash balances
    • Arrange for financing to meet future cash requirements
    • Invest excess funds based on projected cash balances
    • Maintain relationship with banks, lenders, investors, investment bankers, and outside analysts

CFO

Contact us Today for Denver CFO Services

Accounting Essentials has many options for outsourced financial management, and if you need a professional CFO for less than the cost of a full time employee with benefits, then we can help. Your company needs expert financial management and oversight to work toward increased success and profit, and we want to help you achieve these goals. Call us today and set up a consultation with our expert financial management staff. Tell us what you need and we will show you how we can provide the services you require at a price you can afford.