Outsourced CFO Service

Outsourced Accounting Service

How to Work with DeepSky

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Outsourcing CFO Services

An outsourced CFO provides various financial services on a predetermined rhythm. They should help the CEO align company strategy with vital KPIs, provide financial insights on the health of the business, and help hold the team accountable to KPI sets in order to achieve company goal. Some Outsourced CFO responsibilities may include: alignment of business and financial strategy, budgeting and forecasting, cash projection and analysis, financial analysis, business/accounting process design/build, and leading the accounting team. Most importantly, they assist in the company’s growth by keeping you on the right track through consistent feedback loops whilst preventing you from financial peril.
Every successful business needs a CFO-level expert to navigate it towards the calm waters of profitability. However, even small business CFO salaries can extend to over $200,000 a year before bonuses and benefits. An outsourced CFO can oversee the successful implementation of financial strategy during every stage of growth, and take your business to the next level for a third of the cost of an in-house CFO.

It varies depending on your needs. DeepSky’s upfront pricing is based upon calculations derived from the following criteria: the size and complexity of your project scope, the frequency and timeliness of your required feedback loop, and analysis of the potential risks and benefits.

 

Sometimes, the costs of doing something may be greater than any potential benefits we can observe, at which point we would tell you just so and leave the decision up to you. After all, a good CFO’s job is to assess the cost vs. benefit of every effort, ours included. CFO level projects start at $2500, contact us to schedule a discovery call so we can understand your needs and help you assess if this is the right move.

Outsourcing Accounting Services

To accelerate the process, we create an inbox to receive files such as invoices, modification of bills, purchase order, or other inquiries. You can simply send to [email protected], where these requests will be automatically picked up and processed in 24 hour turnaround time. 

 

For some complex inquiries that need more time to process, we will give you an update within 24 hours.  

We process bills/invoices on a daily basis, so you can expect the bill/invoices be set up in system within 24 hours. We’ll also send out a reminder for the next 2-weeks bills, so you can anticipate the cash outflow without any surprise.

It’ll take up to an additional 7 days for payment to be received due to the USPS delivery schedule.

In fact, you should never have the same people do your book and hold your treasury function. This would give them full access to move your company without your notice.We also shot a video about this topic, check it out here

We’ll create an invoice sheet with you, where you can fill out all the required information. Once we have the information, we’ll continue to issue the invoices in 24 hours.

Yes. You can send all receipts to [email protected], and we will continue to issue the reimbursement invoice.


We will daily apply payments on outstanding invoices in the invoice system, so anyone who has the access to the system can see the status of all the invoices.


We can also provide a weekly AR report, so you can keep track of unpaid customer invoices.

We need invoice number, brief reason, and supporting documentation. All these can be done via email. And this is all we need to complete the process!

Yes. Our services include set up both B2B reimbursement process and company employee reimbursement process. After setting up the system, your can approve within reimbursement within it, and we will process it on monthly basis.

Accounting Process Outsourcing

That’s what DeepSky’s Outsourced Accounting Services team are for. We’ve hired and trained some pretty badass accounting ninjas and experienced controllers during the last 10 years, and they are here at your disposal. Whether you’re in the market for just CFO advisory services or in need of a full fledged accounting team, we have the right experts who are ready to help.
We process bills/invoices on a daily basis, so you can expect the bill/invoices be set up in system within 24 hours. We’ll also send out a reminder for the next 2-weeks bills, so you can anticipate the cash outflow without any surprise.
While DeepSky is equipped to help most companies in the $1 – $10MM range, we have the most experience with service-based companies like digital agencies, law firms, media companies, and management consulting companies where labor makes up of the primary costs of the business.

At DeepSky, we provide entrepreneurs with financial literacy and accounting services to facilitate exponential growth.

 

In the past 10 years, we’ve established a track record of picking up companies in the $2-3MM revenue range. A stage of growth that we’ve found many companies stuck in, where they are big enough to face some real challenges but too small to throw obscene amounts of money at its problem. What got them there wasn’t going to get them where they want to go.

 

This is where DeepSky is able to provide CFO level expertise at a fraction of the traditional in-house costs; taking the company through and out the other side of profitability.

How to Work with DeepSky

We connect your bank and accounts to DeepSky for seamless data transfer. So, for the most part, we’ll have all of the transaction information we need to manage your books.

 

There are some times that we’ll request documents from you such as POs/Invoices, etc., as a second verification to ensure the information we have is correct. Please send to [email protected], and our team will take care of the rest.

To be able to process your requests effectively. Notifications or files that don’t need to our response such as purchase order forwarding, reports, regular receipts should be sent to [email protected], where we will process this type of inquiries on a daily basis.

 

Aside from that inquiries that needs our response such as modification of bills, invoices, purchase order, and other requests should be sent to [email protected], where we will respond to your requests in a timely manner.