The service entails the basic functions of a CFO without having a CFO on staff. The service includes the following:
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Representing the finance department at your leadership meeting.
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Long term business planning and forecasting.
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Short term cash flow planning,
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Implement systems and controls,
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Manage bank relationships
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Review the accounting records, process relevant journals and prepare reconciliations.
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Preparation of management reports including a profit and loss, balance sheet and cash flow statement which can assist with making informed decisions.
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Preparation and maintenance of an annual budget.
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Preparation and monthly updates of Key Metrics (KPIs).
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Monitor your tax situation, prepare tax projections for owners, and look for ways to minimize taxes while maximising profits.
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Help you build and maintain the appropriate cash reserve, advise on the amount to set aside for taxes, pay down debt etc.
