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Salt Lake City Bookkeeping Blog

Part-time CFO Services For Small Businesses

Posted by Matt Roberge on May 24, 2013 7:00:00 AM

Does your small business need part-time CFO services?  What exactly does a part-time CFO Service offer?  Many small businesses hire an accountant, a bookkeeper, a CFO or "someone in charge of the money."  Call it whatever you like, every business needs someone to take care of the financial aspects of their business.  However, if you are looking for a part-time CFO Service you are most likely looking for a higher level person.  Here is what SLC Bookkeeping has to offer.

Part-time Services With A Full Time Presence

One thing we are proud to offer is part-time services with a full time presence.  If you are a small business you most likely can't afford to hire a full time employee, yet you need someone that can offer a full time presence.  You need a service that can offer high level work at part-time prices.  When you work with use we become your CFO and will be available when needed.  Things will come up in your business when you need someone right away.  We make ourselves available to our clients via phone, email and remote access as needed to offer them the highest level of service that we can.  

Automatic Financial Updates Based On Your Schedule And Needs

When you use our CFO consulting services we will assess your needs and come up with a plan to meet them.  Once we understand your specific desires we will propose a plan to take care of the financial aspects of your business.  Your finances will become automated and we will take care of everything.  If you need updates on certain days of the week then we will make that happen.  Your updates will be done automatically and you will be kept in loop throughout the process so that you are aware that everything has been handled.

Customized Reporting 

Obtaining customized financial reporting for your small business should be a huge reason to be looking for outsourced CFO services.  You need to decide on several reports that are crucial to you as a business owner.  Your CFO may even offer some suggestions of reports that you should be looking at.  It is always great to manipulate a report for a client and see them get excited.  You should create a set of regular reports with your CFO that you would like to review and hold them accountable to delivering them in a timely manner.  As your business grows so will your reporting needs and your CFO should be flexible to the changes.

A CFO Partner To Grow With

Your CFO should be an integral part of your business, not just an interim CFO.  You want a CFO that acts like a business partner and not an employee or contractor.  Your CFO should be analyzing your business as if it were their own and making suggestions.  You should have regular meetings with your CFO to review your current financial state.  Maybe you would need to meet on a weekly, monthly or quarterly basis with a different agenda.  Our part-time CFO services will offer regular meetings to make sure that everyone is on the same page with the finances of the business.  If your CFO isn't a team player always acting in the best interest of the business then I don't feel they are doing their job properly.  In order to succeed your business will need a strong CFO that truly cares about the business.

If your small business needs part-time CFO services then you are ready to take your business to the next level.  You should be looking for a CFO that can meet your needs at a price that fits your budget.  They need to be a high level service that can offer you part-time solutions with a full time presence.  Your CFO Service should act like a business partner and not just a contractor.  

Are you ready to take your business to the next level but need some help with the financial aspects of the business?

Learn 8 Reasons you should Avoid Year-End Bookkeeping!

Topics: Financial Forecasting, Small Business Bookkeeping, Outsourced CFO Services, CFO Consulting