Do You Really NEED a Full-Time CFO?

Small to midsized companies need to have an available CFO/VP Finance resource for banking relationships, auditor interfaces, internal control, accounting procedures and policies, and overall strategy development. You need a CFO available, but not necessarily full-time. Why incur the cost of benefits and insurance when you can have a CFO accessible at all times? As virtual CFOs, we'll be happy to come to your office, but between email, Skype and phone calls, we can conduct the majority of your business electronically and more economically.  

For most small to midsize companies, it is cost prohibitive to pay $150K to $250k annually for that full time expertise or even $185 to $250 per hour. How maddening is it when you have a simple question to ask your accountant yet are billed for the minimum of 15 minutes? Additionally, the out of pocket cost for learning curves, familiarization with the client personal internal practices and general business conduct can cost $7,500 just for the first 40 hours in the initial weeks of the engagement! Your accounting costs can quickly skyrocket!  

To top it off, many accounting firms have gone to weekly billing and cut you off after 30 days. We find these credit policies to be cost prohibitive in terms of cash flow. Who wants to be held hostage in time of need?

We know there is simply a better way. Virtually no other accounting firm charges their clients a flat fee. Our accounting clients love it!

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With Fixed Monthly Pricing
We Limit Your Risk

Most accounting firms charge by the hour. This works for the firm, but NOT the client.

Chief Financial Outsourcing has come up with a new, better model, one that works better for you to control your accounting costs. Flat fixed monthly fee. This fee is based on the defined Scope of the engagement.  With this fee structure, the client is entitled to unlimited usage of CFO, for calls, meetings, lunches, normal monthly accounting, review of the financial results, forecasts and business plans.  CFO will cover all the normal functions within the scope.  Functions outside of the scope will simply be added with an addendum to the engagement letter. Examples would be Merger and Acquisitions, Due Diligence for the sale of the company or purchase of a rival company, going public, dissolution of the organization, major reorganizations, and implementation of major  new accounting systems. The only limiting factor may be the scheduling and availability of our staff.

• Know your annual accounting costs upfront
• No peaks and valleys in accounting costs
• No high hourly rates
• Pay monthly versus weekly

We Assume the Risk

All these factors to our decision to provide full service accounting services to our clients as a a defined, controlled cost.  We take the risk. You will no longer have to pay for learning curves or redo's because the hourly consultant missed some element. Our initial review, analysis and learning curve is covered by our fixed monthly fee at our cost and our risk. 

How do we determine the amount of the monthly fixed accounting fee? We review your needs with you and determine the best approach for your business.  Most of our clients are paying $3,000 to $10,000 per month based on the services they need to efficiently manage their business.

If you prefer hourly billing, we'll be happy to accommodate your needs.  Our goal is to provide outsourced CFO services that are client-centric and don't put additional stress on your finances. After all, isn't that what a good accountant is all about?