CFO Services

CFO Services

When you own a business, you do what it takes to succeed. If you follow the path of many hard-working entrepreneurs, you market, network, and supervise your staff during the day. You may also track and manage your momentum by fulfilling CFO Services at night. 

Small business owners usually grow accustomed to long hours and multiple roles. They simply do the work, usually avoiding delegation. Still, you must consider what can happen to your growing company when all those tasks become unmanageable.

We Help You Run Your Small Business

At Goode Bookkeeping and Consulting, we understand that an escalating workload typically means your business is growing. Unfortunately, there’s often a downside. A demanding schedule can crush your time management goals and ultimately affect your growth. This can be particularly crucial if you’re performing tasks best accomplished by a professional. 

As a small local business, we realize your company might not have the resources to hire a full-time salaried expert. We designed our CFO Services program to give business owners like you a reasonable option for the essential services they need.

CFO Services

A CFO can improve your company’s financial performance and help you achieve strategic goals. We provide the critical financial management expertise and support you need. We do the work remotely while you spend your valuable time growing your business. 

Strategic Financial Planning | Long-Term Logistics 

Our professionals get to know you and your business so we can produce a financial strategy that aligns with your overall goals. We evaluate your company’s historical data, plans for future growth, current market trends, and additional aspects of your operation: 

• Real-time financial data
• Financial needs
• Investments, pricing strategies, and potential for expansion
• Potential budget variances
• Company performance
• Best and worst-case scenarios
• Potential impacts to profitability and cash flow

Data analysis, data visualizations, and ongoing interactions inform our development of a long-term financial strategy for your company. 

Financial Reporting | Accurate, Timely Disclosures  

We use your data to provide operation-specific reporting. We ensure accurate and timely financial reporting in traditional formats. 

• Balance Sheets 
• Income Statements
• Cash Flow Statements

Budgeting and Forecasting | Financial Objectives

Our budgeting and forecasting services help you manage your company’s financial objectives, plan for your future, and achieve your goals. We create a plan to manage your company’s disbursements. We use your financial data to forecast your financial performance.

• Revenue projections
• Expenses 
• Financial goals 
• Business goals

Cash Flow Management | Funding Your Business

Your success relies on your capacity to fund your day-to-day operations. We keep you informed by using your data to monitor your potential for financial shortfalls or surpluses. We manage your cash flow to ensure your business has sufficient liquidity to function.  

• Cash flow projections 
• Accounts receivable optimization: timely invoicing and overdue payment follow-up 
• Accounts payable: supplier terms negotiation
• Inventory management
• Financing options analysis

Risk Management | Identifying, Assessing, & Addressing Risk

Your staff, products, vehicles, premises, or anything else associated with your business can cause unanticipated financial losses. As your risk managers, we evaluate your operation to identify and manage the risks that can sabotage your company’s growth. Our process assesses internal and external risks and recommends management solutions to minimize them.

• Risk Reduction & Safety: Safety manual, safety meetings, emergency and disaster recovery plans, employee screening, premises safety, OSHA compliance
• Insurance Review: Coverage adequacy and limits: Premises, business property, digital recovery, premises liability, vehicle, workers’ compensation, product liability, business interruption, and key employee insurance policies
• Self-Insurance: Financial capacity to assume some or all potentially insurable losses

Financial Modeling | Abstract Data Evaluation

Financial modeling can present an abstract view of a financial situation or future performance. As your CFO, we work with you to determine what questions you want your model to answer. We employ historical data, future assumptions, and financial logic to create informative models. We also establish modeling guidelines, ensuring data integrity, accuracy, and periodic updates. Potential uses for financial modeling:

• Forecasting
• Capital budgeting
• Financing
• Decision-making 
• Evaluating future acquisitions
• Allocating resources

Mergers and Acquisitions Support | Outcome Evaluations

We assist your company with potential mergers, acquisitions, and other key business transactions. We use our range of analytical tools to evaluate, assess, and forecast potential outcomes.

Goode Bookkeeping & Consulting

Contact Goode Bookkeeping & Consulting, we understand small businesses. When your company is growing, you need a strategy to keep up the momentum. Contact us to learn how our professional services can free up your time to work your business and keep it growing. Call us at (860) 659-6543 or leave a message on our contact page.