What Is a CFO, Anyway?
The CFO’s job description can vary greatly depending on the nature of the company, but generally speaking, the Chief Financial Officer monitors, maintains, and helps improve the financial health of the company.
As an entrepreneur, you may be accustomed to acting as a full-time CFO, CEO, CIO, Sales team, Research and Development department, and more, all at the same time.
A Fractional CFO can help alleviate your workload, and also bring a fresh perspective to your business and strategy.
Many CFO Responsibilities Can Be Outsourced
As an entrepreneur of a growth company, you want your finger on the pulse of your business. For many, hiring a Fractional CFO is the perfect solution. You get the benefits of a seasoned pro, without the full-time expense. You also get to choose what you want help with most, so you get the most value out of your time spent with your Fractional CFO.
Fractional CFO Services - A La Carte
Every Dash-Books client is different, with different business needs. So, we customize your Fractional CFO services to your specific business.
Monitoring, Maintaining, and Improving Your Company’s Financial Condition
Monitoring the Financial Condition of the Company
All Dash-Books clients enjoy financial reporting and analysis with their Fractional CFO. Monitoring the financial condition is a basic building block for all other financial activities.
To monitor the financial health of a company, we look to see what has been done in the past, compare it to the present, and analyze what has caused changes. This gives you the insight you need to make the right business decisions.
Only when financial statements are reliable and timely can an effective comparison and analysis be done. Many people rely on these financial reports, including the owner, management, lenders, or other stakeholders. Using Dash-Books for monitoring your company’s financial condition eliminates guess-work and wondering if the financials have all the information you really need. Your Fractional CFO ensures you can always rely on your financial statements, and is available to answer questions.
Maintaining the Financial Condition of the Company
When looking at their current financial condition, some clients may want help with cash flow, fraud prevention, debt, equity, or financial compliance issues in order to maintain the profitability that has already been created.
Improving the Financial Health of the Company
When looking to the future, some clients may want to collaborate with their Fractional CFO about what activities, customers, products, or services are most and least profitable. Looking ahead at trends and opportunities is also fun- and lucrative.
What is the Best Use of an Entrepreneur’s Time?
Entrepreneurs have many hats to wear, and often wear the CFO hat in addition to being the CEO, CIO, sales executive, marketing expert and more. Why do it all and remain unfocused?
When you team up with Dash-Books, you get more than a bookkeeper. You get a Fractional CFO who loves entrepreneurial ventures as much as you do. Contact us to find out how we can help with your unique business venture.