CFO

Part-Time CFO Services

Growing businesses often reach a point where they need professional financial advice, but cannot afford a full-time CFO.

If you are 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.

The cost of hiring a full-time CFO can range from $100,000 to over $175,000 per year plus bonuses and benefits. Our Part-Time CFO services provide you with experienced support at a fraction of that cost.

Here is a sample of the value my Part-Time CFO services will add to your business...

• Better understanding of the financial side of your business. So you have less surprises and more control over your finances.
• Improved decision-making capabilities from clearly seeing the hard and true numbers of your business.
• 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 employee theft and increase profits.
• Improved quality and timeliness of financial information.
• Budget preparation and monitoring.
• Profitability analysis by service or product line.
• Tax saving strategies.
• Liaison with bankers, attorneys, vendors, insurance agents, etc.
• Assistance in obtaining financing from banks, including assistance with negotiations.
• Review/negotiation of insurance policies.
• Development of company accounting procedure manuals.
• Analysis of equipment purchases, expansions, etc.

Cash Management

One of the major stumbling blocks for new small business owners and entrepreneurs is poor cash management. ProfitDriver helps you to manage the cash inflows and outflows of your business—we will provide the information necessary for you to make critical decisions regarding your business's cash needs. We will develop an accessible system that gives you intimate knowledge of your cash position.  ProfitDriver can do this by:

• Anticipating when, where, and how your cash needs will occur
• Identify alternative sources for additional cash needs
• Preparing you to meet those needs before they occur

The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs.

We also prepare historical cash flow statements to help you gain an understanding about where all the money went.

Creating an accurate cash flow projection is just one of the many cash management services we provide. You also get...

• Cash collection acceleration techniques
• Proven effective collection policies
• Proven effective payment policies
• Help obtaining the maximum rate of return on your idle cash
  
  

QuickBooks Consulting

Although QuickBooks is designed for the layman to understand, the initial setup and installation must be done correctly in order for future information to be accurate.

All information necessary to setup manual accounting records is also necessary to setup and install QuickBooks on your desktop. This task is even more complicated if you switch from manual accounting operations to QuickBooks in the middle of the year. Or if you plan to switch from another accounting software package to QuickBooks, we can assist you.

Which accounting method will you use? What chart of accounts do you need for your business? How do you handle beginning balances?

ProfitDriver can easily answer all of these questions and complete the initial Setup and Installation in a timely manner. In addition, your employees receive training in QuickBooks to enhance their performance.

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Business Start-Up

Congratulations!  You have decided to take the plunge and start your own business; ProfitDriver can help you build a solid foundation for your finances.  One of the first steps is setting up QuickBooks. While installing the software is easy—setting it up correctly and in a way that can grow with your business is not, so let ProfitDriver help. We are a Certified QuickBooks ProAdvisor and we have the expertise and the experience to properly install—and set up—QuickBooks so that you can easily watch your bottom line.

Next, we will help you build the reports that you will need in order to monitor your business’s progress.

Then, we will set up the basic Financial Statements—and we will work with you to design the custom reports that you need.  You tell us what information you will need and we will get it to you in an easy to use, functional report.

Finally, as your business grows and you need different reports, we will grow with you and continue to provide you with accurate, timely, and critical information about your business.