HOW ACCOUNTANTS CAN ASSIST BUSINESS CLIENTS WITH A CEEFO®

The CFO is key to having the financial controls, systems, policies, and resources needed to ensure compliance, profitability, and growth

Successful businesses of significant size and complexity will usually have a CFO (Chief Financial Officer) working as part of the management team.

“CFO – Refines and has a deep understanding of your business model, has your banking relationship, works with banks for financing, works with your board of directors, prepares detailed financial and management reporting, works with auditors, performs tax planning, sets policies around controls, sets policies around payroll, does budgeting and forecasting, deals with mergers or acquisitions, handles any compliance issues. Great if you’re growing fast, have a lot of employees, offer complex product lines…”

Huffington Post, Small Business CFOs: Do You Need One?

The CFO supports the roles of accountant and business adviser

Accountants and business advisers can only perform their roles most effectively when the information available to them from within the business is accurate and meaningful. For this reason, accountants and business advisers will often help business owners by advising when the timing is right to find, select, and appoint the most suitable CFO.

Most businesses with a turnover of more than $15-million have a full-time CFO. Many with a turnover between $1-million and $15-million also need a CFO but grapple with how to attract and afford a really good one. Trying to replicate the unique contributions of a CFO with a patchwork of bookkeeping roles and accounting services cannot deliver the same comprehensive result.

With ceefo® now even a really small business can afford its own CFO

The whole idea with ceefo® is to provide businesses with a CFO of the same calibre that a larger company would expect and demand, at a price that even the smallest business can easily afford.

If you’ve managed your business this far without the benefit of a dedicated CFO working with you to achieve financial objectives, and ensure business-wide compliance – imagine what you could achieve with a ceefo®. Your ceefo® can help take a small business to the next level or wherever it needs to go more easily, in less time, and with greater peace-of-mind.

Do you need a CFO? Can you afford one? Take the test

– Would business management benefit from more accurate and meaningful business information and reporting?

– Could the financial systems within the business be more streamlined and efficient?

– When making decisions, do you wish you had more analysis of some specific aspects of the business?

– Do you think the banking and finance arrangements for the business could have room for improvement?

– Have you ever needed more expert help with business budgeting, planning, and modelling?

– Are you interested in selling the business or acquiring another business at any stage in future?

– Is there a need to raise finance or venture capital, or find partners, to achieve business objectives?

– Are you concerned about managing the growing complexity of business compliance requirements?

If you answered “yes” to three or more of these questions, and your business could afford $500 per month, get a ceefo®.