If you were to inquire of any CFO regarding what Chief Financial Officers actually do, you could be in for a very long explanation. That wouldn’t be because the CFO felt the need to justify his or her position and/or salary. It also wouldn’t be because the CFO position and its duties are so hard to describe. It would just probably be due to the fact that CFOs do a great deal of important work for their respective companies and it all deserves a thorough explanation.
A Complex Job
It’s a fact that the job of a CFO is quite complex. The way that great CFOs differ from just good CFOs is in the way that they have the innate ability to project a company’s long-term financial picture while also helping that company to thrive. They do this via a talent for multiple analyses. Again, however, having someone with these abilities in-house can be quite expensive. For start-ups as well as established small to medium sized businesses on a tight budget, this could be an impossible situation. At DeepSky Accounting, we offer a myriad of bookkeeping and accounting services, including outsourced CFOs.
A Viable Option
Not all CFOs are created equal just as not all companies are. Some companies can easily afford a talented CFO to handle all of their financial matters for them. On the other hand, many can’t. If you own a business that is badly in need of a good CFO but lacks the necessary funds to hire one, there is a viable option. It’s called CFO Services and they’re an excellent outsourcing alternative to having your own in-house CFO. As your company grows, you’ll find more and more that you need a CFO with a wealth of expertise in the business world. At DeepSky Accounting, that’s exactly what we have to offer.
The Many Faces of CFO Services
Your outsourced CFO will be not only a steward and a strategist, but also a catalyst for driving your company forward. To that end, he or she will be:
- Protecting your company’s vital assets
- Ensuring financial regulation compliance
- Closing your books correctly
- Communicating both risk and value issues to your board.
- Working with your project managers on methods for increasing profitability
- Supporting your marketing team
- Assisting with raising capital
- Managing your internal cash flow
- Coordinating with your key financial advisors
- Supporting both your short and long-term strategies
A Fraction of the Cost
At DeepSky Accounting, our experienced CFOs are ready to start providing these services for your business, as well as a broad spectrum of other services that normally would be handled by a full-time in-house CFO. Most importantly, an outsourced CFO will only impact your finances at a fraction of the cost.
If your company is ready for a CFO upgrade to take your organization into the future, contact us at (949) 200-6829 or fill out our handy contact form. Optimum financial control of your business is only one click or call away.