Frequently Asked Questions
When should I hire an outsourced accountant?
Before you open your business, you should talk with a CPA and other professionals, such as an attorney, a banker, and an insurance agent. The accounting consultant can help you set up an efficient accounting system to provide you with accurate financial information. They can help you establish procedures for accounting tasks, such as reconciliations, processing accounts receivable and accounts payable, managing inventories, and closing the books at the end of a period. They can also assist you with registration for regulatory agencies and recommendations for staying compliant with regulations.
WHEN SHOULD I HIRE AN OUTSOURCED CFO?
99% of all businesses are small businesses. They do not have a CFO or a controller on staff, and they do not have someone to help them track profit and cash flow, analyze their financial strengths and weaknesses, and make recommendations for achieving their goals. The business owner is responsible for keeping the business open. They have lots of stress and feel they are alone in their struggles. The outsourced CFO can be a trusted advisor who will work with them to establish goals and help them plan for a growing and more profitable business.
How much do you charge for your services?
Fees vary depending on the needs of each client. A written engagement letter or service order request is prepared before all projects. This includes the details of the services to be performed and the related fees.
WHAT IS A FRACTIONAL CFO?
A fractional CFO is someone that provides finance and accounting services for a fraction of the time and expense required for a full-time CFO.
DO YOU PROVIDE INCOME TAX PLANNING AND COMPLIANCE SERVICES?
The firm is not accepting new tax clients at present. However, we can refer you to other CPAs that provide tax planning and compliance services.
CAN YOU PREPARE MY FINANCIAL STATEMENTS?
The firm does not prepare audited, reviewed, or compiled financial statements.