Terri McCullers, CPA
Virtual Accounting & Consulting
Financial Information How & When You Need It
Do you spend too much time on the financial details of your business? Are expenses accumulating by implementing more strategic activities causing more harm to your company’s growth? Suppose you can never find time to devote adequate attention to your business’ financial management. If this is your case, then a virtual CFO can provide the high-level summary of financial information needed to allow you to focus on running your organization.
Ultimate Financial Solutions
Excel your Business Today
Virtual/Outsourced CFO Services
you need it
Internal Controls & Segregation of Duties
While you can never eliminate the possibility of fraud, properly designed processes, segregation of duties, and appropriate reviews can go a long way toward lowering your risk of financial fraud. A virtual CFO can be that component of accounting oversight, working with your staff to strengthen your defenses against financial fraud.
Financial
Reporting & Modeling
Relevant, timely, and transparent financial reports let you know how your business is performing. A virtual CFO can monitor and model critical performance information to help you see how your business is doing and allow you to better adjust to changing trends.
Project Accounting Design & Implementation
The performance and profitability of projects or individual segments of your business are critical pieces of information that encourage good business decisions and maximum profitability and or productivity. Appropriately accounting, monitoring, and reporting specific project information helps you know which projects or business lines are worth expanding and which items should be reconfigured or eliminated.
Financial Accounting Framework Review
An efficient and appropriate design framework for gathering and reporting financial information is integral to providing critical information about your business. Is your current financial reporting system as efficient as it could be to integrate with critical internal information as well as data required by auditors, tax preparers, or compliance
regulators?
Pre-audit Preparation
Audit fees result in the number of times an auditor spends gathering the necessary information and documents to perform their audit tasks. A virtual CFO can be your pre-audit resource to help your organization adequately prepare for an audit and decrease the amount of time the auditors spend on your engagement.
Budget Management
A financial plan and regular analysis of performance relative to that plan, as well as projections of future financials, gives you real-time visibility into whether or not you are on track for – or need to make adjustments to – your organization’s goals.
Compliance
Whether governmental, regulatory, institutional, or simply “best practices,” a virtual CFO’s keen attention to compliance requirements will ensure that penalties, remediation, and opportunity costs do not unduly burden your business operations.
