CFO Services

Accounting Management and Leadership

We work with your existing accounting team to ensure efficiency and accuracy on all levels. We make sure that basic functions are accurate and up to date. That includes bank reconciliations, timely invoicing, A/R, A/P and more. In addition, you will get your routine monthly reports that include profits and losses, balance sheets, cash flow positions and cash flow projections.

Budgets, Forecasting, Reporting, Analysis

$1M profit could be a failure, and $1M loss could be a success. It all depends on where you started your year, what you were trying to achieve and what your plans were.
We take the lead in your business strategic planning, create the detailed plan based on market conditions, your resources, and your current business position. We create monthly forecast and budget. We monitor and make sure we’re on track on a monthly basis. If business is falling behind plans, we will raise a large red flag, and find with you the way to address the issue.

Month End Reports, Dashboards, Metrics and KPI

Managing your business without accurate timely reports is like driving on the highway, for days and weeks, without GPS, road signs or maps. You might know how to drive, you might have a “feel” for the road and the general direction, but ultimately, you do not know how you’re doing. You might be missing shortcuts, or hit traffic while you could have avoided it.
But it also could be worse – you might get stuck without gas, in the wrong place, that you don’t even know!
Rigid weekly and monthly review of Dashboards that include Metrics and KPI (Key Performance Indicators) is your business navigating systems.
Monthly reports, usually submitted within 10 business days from the end of the month, include Profit and Loss, Balance Sheet, Variance analysis (Actual results vs budget and previous years) as well as cash flow projections.
KPI dashboards are provided on a weekly and monthly basis depends on the need. There are hundreds of KPI. We would choose those that are relevant to your business and its current challenges. Such KPI addresses different aspects of the business, such as Current Ratio (quick assets vs quick liabilities), COGS, average inventory aging, calls per day, average A/R aging, working capital and many more.
Each month we would have a management meeting, reviewing the various reports, analyze the financial results and current balance sheet position of the company and make the necessary short term and long term decisions.

Strategic Planning,

Modeling, FP&A

Though the creation of an annual strategic plan and budget is a common practice at larger companies, small to mid-size companies usually do not go through the process thoroughly, mainly because they do not really know how to, and do not fully comprehend the importance.

Businesses always surprise and somewhat unpredictable. Creation of a solid plan will ensure that –

You do not get caught unprepared in case something goes wrong.
You take advantage of growth opportunities and get closer to your goals.

Creation of a solid plan takes into account everything that impacts your business. Such as –

Market landscape
Seasonality
Available resources such as cash, inventory, manpower, space, technology.
Current signed projects
Recurring revenue
Existing clients
Procurement, Vendors, and COGS (Cost of Goods)
Overhead expenses
Owners personal plans and goals
Investors and Loans

The main goals of a strategic business plan are set:

An Exact “marching order” and plan, by the department, to follow.
A Detailed monthly budget. The budget is being reviewed on monthly basis and being compared to the actual monthly and YTD (Year To Date) results. Variances are being reviewed and might trigger red flags and additional management decisions.