CFO Services
Optimize your financials and unlock growth
Organizations often need additional support for their finance leadership and personnel, sometimes for an undetermined amount of time. When that time comes, you need people who understand the intricacies of your financial strategy and can drive process improvement through demonstrated experience in your industry.
Focus on what matters
Our CFO services will help you quickly navigate accounting complexities, freeing time to focus on your business. Ready to stop hassling with paperwork and worrying about your company's finances?
Accelerate your business growth with CFO services–by combining the power of quantitative and qualitative analytics, our team provides you with economic intelligence, key performance indicators, and actionable insights about your business to help you make informed decisions. We help you quickly navigate accounting complexities, freeing time to focus on your business.
Below is a list of outsourced CFO services our company can deliver:
Accounts Payable
Accounts payable (AP) is one of the foundational accounting functions. It is important to correctly classify vendor invoices to ensure that complete and accurate information is supplied to other functions (e.g., budget creation, internal management reporting, and financial statement preparation). Another aspect of using a consistent AP process and system is the production of timely vendor payments. Information from the system can help management make informed decisions about cash flow, and an organized AP process can help a business run smoothly.
Accounts Receivable and Billing Revenue
Accounts receivable, billing revenue, and cash collection are critical to the success of a business. Our Professionals can consult with your accounting staff and co-source or outsource billing and receivables for your business.
Bookkeeping
Bookkeeping consists of many functions: accounts payable, accounts receivable, reconciliation of accounts and journal entries, and others. Our Professionals can assist you in both maintaining and understanding your financial records so that you’re always on the right page.
Financial statement preparation
Forms 1099 are informational returns required by the IRS relative to vendor payments. Various types of Forms 1099 exist, but the most common type is the 1099-MISC. Our professionals can help determine which forms and vendors should be reported and help prepare the forms.
Payroll and Payroll Tax
Two critical areas in the complex world of payroll are regulatory compliance and delivery to your employees. Our Professionals can help your business prepare payroll checks and comply with tax regulations. We can also take your provided information and prepare federal, state, and local tax returns. We will register for EFTPS & EDD and make Online payments to EFTPS & EDD for clients.
Bank/Credit Card Reconciliation
We record all transactions from your bank and offer bank statement reconciliation of all entries. We match vendor invoices with your ledger, journal entries, sequence checks, and review of checks deposited, issued, cleared, and canceled.
Property Tax Filing
Business property tax must be filed if your business owns taxable personal property with a combined cost totaling $100,000 or more or if the assessor has requested a filing. California considers excise, sales, and use taxes, freight, and installation charges as part of the cost of an asset. We prepare Business Property tax for our clients within the set due date.
Sales & Use Tax Filing
Retailers in California must register with the California Department of Tax and Fee Administration (CDTFA) and pay the state's sales tax, which applies to all retail sales of goods and merchandise except those specifically exempted by law. The use tax generally applies to the storage, use, or other consumption in California of goods purchased from retailers in transactions not subject to the sales tax. We are filing Sales & Use Tax for our clients within the deadline. We file monthly, quarterly & Annual sales tax returns for our clients based on their filing frequency.
Business License
Obtaining a general business license in the city where your business operates is critical. We assist our clients with obtaining and renewing their business licenses, sending timely reminders for renewal and ensuring that the renewal is processed promptly and submitted before the filing deadline.
Short and Long-Term Forecasting
A financial forecast is an invaluable tool for any organization, providing a comprehensive and strategic roadmap to help achieve its goals. It serves as a detailed guide, outlining the necessary steps to progress from the current state to desired outcomes. Developing a financial forecast involves a thorough analysis, strategic planning, and practical considerations. It requires a deep understanding of your company's present and future capabilities, expertise in financial algorithms and trends, and a comprehensive analysis of the competitive landscape within your industry. By leveraging these insights, a financial forecast empowers you to make informed decisions and navigate the path to success.
Budgeting
While a strategic forecast typically provides a long-term projection of costs and operations spanning 5 or 10 years, a budget focuses on detailed projections of financials within a shorter timeframe. Despite its shorter duration, a budget plays a critical role in guiding day-to-day actions within an organization. It serves as a vital tool for making financial decisions throughout the year while keeping the organization on track to achieve its goals. An astute CFO often utilizes the forecast as a rolling budget, ensuring that financial performance remains aligned with the company's objectives and roadmap. By integrating the forecast into the budgeting process, a strategic CFO can effectively monitor and optimize the financial trajectory of the organization.
Cash Flow Analysis & Restructuring
Cash flow management is a prevalent and impactful challenge encountered by businesses. Addressing cash flow issues extends beyond generating more revenue; it necessitates a comprehensive understanding of your expenditure and its allocation. It involves identifying essential expenses that contribute to your organization's growth while evaluating which costs can be reduced or modified. By effectively managing your cash flow, you can optimize financial resources and navigate the delicate balance between sustaining essential operations and fostering growth.