One tell-tale sign of a thriving company is the influence of a smart Chief Financial Officer on staff. This person carries the heavy burden (and even heavier salary) of managing budgets and advising on all matters fiscal. At Business and Financial Solutions, we’ve seen business rise or fall on the back of their CFO or accountant. Business owners rely on their precision and wisdom. Let us perform the role of as your accountant and virtual CFO.
This is a common thought that many naive business owners have. The fact is that unless you’re a trained and experienced accountant, acting as your own CFO is often foolhardy. This is especially so if you plan to grow your business beyond the very small. From our perspective, we don’t blame small business owners for taking this risk in an effort to save money. Again, a CFO, or indeed any full-time in-house accountant is extremely costly. And this is usually the only option a business owner has besides doing it themselves.
That’s where niche firms like Business and Financial Solutions come in. Beyond excelling at the “bread and butter” of accounting and consulting, BFS provides its clients with high quality, reliable, outsourced accounting and financial management. This means you can leave your bookkeeping, accounting, and indeed all budgetary management concerns in the hands of experts.
The reason you need a virtual CFO is quite simple: it’s worth it to have high-quality financial management and advice on-hand without having to pay the extraordinary costs of hiring your own full-time employee to do the same work. Virtual also means being able to work electronically—through email, phone, fax, and Skype with companies and organizations anywhere in the United States. Access to expertise from the people who know what they’re doing without having to pay an arm and a leg is the calling card of specialized accounting firms like Business and Financial Solutions.
Additionally, there is a major factor causing small business, non-profits, and start-ups of all varieties to turn to CFOs. And that factor requiring such advanced accounting firms is control. Regular CFOs have incentives and motivations to occasionally “butt heads” with company leadership. With BFS, we take on the role of advice, management, and nuanced workload of a CFO. But we never intrude upon your control and sovereignty you’ve worked for as you’ve built your organization. Outsource complex work without outsource your leadership and control. That’s the brilliant win-win that comes from working with virtual CFOs like BFS.