Often small business entrepreneurs wonder ..
“My Accountant seems busy all the time……. but I never get any meaningful report on the performance of my business. Even if I get, it’s too late to do anything and I often find errors so the data doesn’t seem reliable to me” …… “Whenever I face my accountant, I get reminded for cash flow shortage.”
“I think we are doing well, making money but where is all that going?”
Here are the possible reasons~
May be You aren’t using the right accounting system, Chart of Accounts aren’t structured adequately, Too much dependent on excel files, Integration with your banks and credit cards and front desk aren’t done, you may be piling up some bad and doubtful receivables due to lack of follow-ups etc..there could be many more reasons why your accountant is overwhelmed and cash in flow is compromised.
All you need is an eye of an experienced tech savy CFO, that’s where CFO Innovations can help. Our CFO Partners have over 30 years of on the ground experience in diverse industries across USA, Europe, India, East Africa and Middle East. We are ahead in terms of our knowledge towards most popular accounting and payroll applications used widely across the globe. We have alliances with the global software vendors which offers certain privileges which we use for our clients.
If you let us – We will do a detailed review of your accounting needs based on the nature of your business and the country compliance regulations, Front desk systems integration (if applicable to your business). If we find you are already using a cloud-based accounting & payroll application which is suitable for your business, we will fix issues, cleanup records and put your accounts in an ideal shape. And if your accounting system isn’t suitable, we will find one for you and implement it. We We will also look into your transaction processes and suggest changes, if necessary, to eliminate duplicate and wasteful efforts. Having done so, we will try to automate most activities by making full use of system capabilities and thru process reengineering. In order to get monthly action oriented reports it is very important that they are precise, timely and action oriented. This is our core expertise and we know how to achieve this. Our aim is to ensure that you get real-time information always up-to-date and most preferably on your mobile thru an app which gives you your updated P&L, Balance Sheet