Virtual CFO Services That Save You Money
We offer full Financial Controller/ CFO services. As your Virtual CFO, we alleviate the need to hire a full time, salaried position inside your company, which also saves money on benefits, office space, workstations, supplies, computer hardware & software and training.
Expert Financial Services To Support And Scale Your Business Growth
We offer up-to-date information on financial management and tax laws. When necessary, we can offer even a larger team of experts to assist with other needs, including estimating, contract negotiations and bank financing.
General duties include:
- Process Electronic Payments Nationally
- Provide Cost Accounting and Job Cost Analysis
- Human Resource and Business Consultation
- Profit and Loss Statement from the client’s compiled data
- Job and Contract Analysis Reporting
- Projected Cash Flow
- Franchise Reporting
Virtual CFO Services To Streamline And Strengthen Your Business
You have an amazing reputation, the best product, and exceptional service. You know that your business is doing everything right, regardless of how long you’ve been in operation or how recently you turned a corner. But something is lacking. Customers are satisfied, but you spend far too much time handling parts of your business that you can’t handle. You know you need financial insight and support, whether it’s due to a lack of internal resources, overly dispersed operations, or a lack of knowledge. If so, it’s time to give Doherty & Associates a call and benefit from the best virtual financial controller services available.
At Doherty & Associates, we have over 70 years of combined experience in tax planning, payroll management, bookkeeping, outsourced accounting, business consulting, and providing a virtual CFO. Our amazing team supports this experience by working directly with brick and mortar stores, eateries, lodging facilities, distributors, manufacturers, wholesalers, construction firms, and a number of professional service providers.
We are the best CFO services provider for your business, whether we employ remote payroll services, accounts payable and receivable collection, financial statement preparation, bank statement reconciliation, critical cash flow analysis, or revenue forecasting and budgeting assistance. Our virtual financial controller services can assist your company in developing a successful plan for the future. A devoted and hardworking team of accountants and a seasoned business finance team support our remote CFO services.
Benefits
Each client’s situation is reviewed regularly to ensure high quality control. During business hours, one of our Account Associates is available for consultation and expertise. Rather than incurring the cost of a full-time accountant you pay only when you need advice!
Separating functions in a small or medium sized business is a serious challenge. When you outsource your bookkeeping services to us, you build-in a system of checks and balances which might otherwise be difficult to construct in an operation where a small staff perform many tasks and functions.
Our Firm’s Controller / CFO team has a variety of financial professionals from former CEOs, CPAs, to Financial Controllers and CFOs with experience in Tax, IRS, Finance and small business accounting services as well as working with local government agencies. Our account team members are highly trained and supervised as part of the ongoing quality control requirements of our firm.
We test our systems in-house first and continually review our procedures to ensure that customers receive reliable information. Your personal bookkeeper and accountant, or a backup team member, is available to answer any questions you may have.
Along with offloading your bookkeeping function to us as your Controller / CFO, you also offload the associated costs of keeping your bookkeeping staff trained – we do the training. We strive to keep our staff trained in the latest versions of accounting software and the newest technologies associated with computer accounting. Think of the time and money your business can save!
Our Controller / CFO is operated by Debria G. Doherty, President/ CEO. We are available Monday to Friday, 8:30 am to 5:00 pm Eastern time. No more waiting for answers until the “accounting department is in”.
You concentrate on what you do well – your business – and we concentrate on what we do well – your Financials, Tax Preparation Services and Bookkeeping. By assisting your company with financial information, we help guide your business decisions. Using our outsourced CFO services, not only frees up office space at your location but also your time – so you can concentrate on planning and growing your business.
As part of your Virtual CFO package, you may choose to access the services of our staff for financial planning and the diverse business management consulting experience of our team. These services are available, at your request, and only when you need them.
After the Implementation process has begun, you will be interviewed by a Senior Service Provider who will determine your needs. Customized reporting about your business is a part of the regular service provided with each package.
Controller / CFO services are cost efficient. You will have a bookkeeper and accountant assigned to your account and access to other expertise on an as-needed basis. For small or medium sized businesses, the cost of hiring a bookkeeper and financial management team is generally prohibitive and holds your company’s success back.
As part of our commitment to excellence in service, we use only the most current accounting software. This means that we take care of the software and update costs while you reap the benefits. Remember the software updates required each time the government increases its payroll deductions? Our Controller / Virtual CFO service eliminates those costs for your business no matter how many updates are required.
What Is A Virtual CFO?
A virtual CFO is a remote-based virtual financial controller who takes on all of the duties associated with running your business’s finances. This entails having oversight over cash flow, risk management, accounting, financial reporting, budget maintenance, analysis, GAAP compliance, tax planning and preparation, and strategic financial leadership.
Retaining accounts payable is only one aspect of keeping a positive cash position. It goes beyond simply requiring your clients to strictly follow your net-30-day terms on invoices. Establishing a hostile relationship with people you owe money to and those who owe your business is not your goal. Our CFO services cover everything from bookkeeping in Philadelphia for a new startup or small business to managing payments across the country, projecting cash flow, balancing P&L statements, and carrying out crucial job cost analysis.
It takes balance to manage cash flow effectively. It’s where your virtual CFO implements tactics that lower the daily financing costs for your company. Our controller services are centered on less expensive financing options in this case. Keeping more cash on hand is the goal of maintaining a positive cash position. By negotiating extended payment terms with other vendors or prompt payment incentives with vendors for net-10-day payment terms, your remote CFO can accomplish just that.
You’ll be able to determine whether and when to invest in your company with the help of a virtual CFO. You’ll be able to determine whether your recent revenue growth is sustainable and whether it’s time to make a new capital investment. The big picture you’ve always desired will be yours, complete with sales forecasting, revenue projection and analysis, and financial compliance assurance.
Our CFO services guarantee that your company has a solid financial plan. Projecting revenue, profit, and loss as well as cash flow months and years ahead of time is more important than simply managing your company’s finances until the next month or quarter. To create a financial plan and strategy that works, a virtual CFO with the necessary skills and experience is required.
Your business’s budgets will be much clearer and less complicated if you hire a remote CFO. Weekly, monthly, and quarterly budgeting is required, with a focus on tracking spending and creating a budget. Your budgeting will be in line with your company’s new, all-inclusive financial plan with your remote CFO.
The best risk management and backup plan will be developed by your virtual CFO. That plan will take into consideration possible business operations disruptions and offer pre-made solutions that can be implemented right away. Your virtual CFO will have a comprehensive risk management plan that includes a backup financing option and a plan to handle end-of-life equipment after its serviceable life.
Are you interested in hiring a virtual CFO to assist your management team in creating a comprehensive strategic plan? By bringing capital budgeting, forecasting, and financing to the forefront right away, our controller services can accomplish just that. Our controller services will support you at every stage, whether you’re developing a 5, 10, or 15-year strategic plan.
Our Approach to Strategic Financial Leadership
Our controller services are fully tailored to your company’s needs. In other words, we meet with you to learn about your business, including what you do, where you operate, and who you sell to and buy from. We are able to develop a personalized plan that will reduce your operating expenses and improve your financial clarity by examining your existing financing options, the age of your machinery and equipment, your current expenses, your profit and loss statements, and your financials. We then itemize all the CFO services your business needs and provide you with a proposal.
These services may include job cost analysis and cost accounting. Budgeting and revenue forecasting are two examples. Financial reporting, tax planning, business consulting, cash flow management and projection, and human resource management are a few examples:
- Job Cost Analysis and Cost Accounting
- Budgeting and Revenue Forecasting
- Cash Flow Forecasting and Management
- Business Consultation for Human Resource Management
- Accounting Outsourcing
- Tax Preparation
- Reporting on Finances
Our virtual financial controller services aim to remove the uncertainty associated with business management. As you proceed, a remote CFO will be at your disposal whenever you need them. An accounting team that handles all of your company’s finance and accounting will support that remote CFO. You can stay up to date on your company’s performance and metrics with weekly, monthly, and quarterly financial statements. KPI will also help all internal departments align with the company’s strategic plan.
Get in touch with us right away if your company requires remote CFO services from a skilled group of accountants, consultants, and business professionals.