What Does an Outsourced CFO do?

March 1, 2019

What exactly does an outsourced CFO do?

A traditional CFO (Chief Financial Officer) manages the company’s finances, including planning, management of financial risks, record-keeping, and financial reporting. Capital CFO is an outsourced part-time CFO and what we do is exactly the same thing, but we save your business time and money by not having to hire a full time CFO.


Why Should You Hire an Outsourced CFO?

Our outsourced CFO services are virtual, making it easy to help you run your company at its most efficient level regardless of your location.

Detailed and organized bookkeeping is essential for any CFO and it’s no different when using an outsourced CFO. At Capital CFO we take pride in making sure this highly important process is done flawlessly. Being responsible for recording the financial transactions of your business including the sales, receipts, purchases, and disbursements are important tasks that we can help complete remotely; and it’s always done carefully and attentively.

Capital CFO goes above and beyond navigating financial processes with and for our clients to make sure they are covered in all areas of their business. Our professionals also offer strategic planning and budgeting. We offer segregation of costs as required by the business. Preparation of financial statements are done timely and presented monthly.

To have a full-time CFO on your staff means you have another high salary position to add to your payroll. With an outsourced CFO you can pin-point the exact services you really need whether it’s just bookkeeping or every detail from on-site staff training to hiring new employees. Outsourcing with Capital CFO means you can cut business expenses as you are only charged for the work being done.

Capital CFO Outsourced CFO Services

Capital CFO does it all! At Capital CFO, we help businesses grow by providing a variety of outsourced CFO services.

·We handle bill payments, invoicing, and manage accounts payable and accounts receivable. We create customized templates for invoices, statements, estimates and purchase orders. We even come to your place of business and train your administrative staff in fully computerized bookkeeping when necessary.

·For new businesses, Capital CFO does a one-time business analysis and sets up books into accounting software. We do an initial review of existing books as well as reconcile statements. We carefully complete data entry; inputting transactions including checks, bills, invoices, and receipts into the corresponding software.

Part Time CFO Services for Small-Mid Size Businesses

Capital CFO specializes in assisting small and medium size companies who simply do not need a full time CFO, even if you just need 1-5 hours a month. We offer a wide range of bookkeeping and virtual CFO services , all designed to save your company time, money, and resources. Whether you need 1-5 hours per month – or 1-5 hours per week – hiring a part-time CFO means you will be charged only for the services you need.

Growing a business successfully is all about making smart decisions and delegating work and responsibility wisely. In today’s fast paced and competitive business world having an outsourced CFO has never made more sense. Here at Capital CFO we are offering top quality services at the most competitive rates and sincerely look forward to assisting you.

For a free consultation contact us online or call us at (518) 350-4020 to get started today!