Business planning, reporting and accounting can be challenging for a business of any size, but even more so for a business in its early stage of development. For a startup or an SME to grow, it is necessary to have access to the same resources that any large company would. However, this raises the issue of cost. Hiring specialists for each department – if feasible, be it in HR, sales or marketing, may strain your budget and be time consuming. Outsourcing expertise and CFO services, even part-time, may be the answer.
Read more here on the benefits of having an external CFO.
CFO Services we Provide
Working in tandem with your purchase, sales and/or management team, CTC will create your budget, conduct a monthly comparison with actual figures and prepare a quarterly/per semester forecast.
It is necessary to be aware of the amount of money that you can expect your business to receive and pay out over a certain timeframe. To do so, CTC will prepare an annual cash flow forecast (long term cash flow) and edit your cash flow analysis monthly using the projection for the following 3 months (short term cash flow).
Financial Dashboard Creation
To ensure that your business’ financial targets are being met, CTC will track your financial KPI’s while comparing and analyzing them monthly.
Whether your business is a startup or SME, it can benefit from the guidance provided by an external CFO. As your trusted advisor, we provide both virtual and on-site CFO services to manage your accounting records while ensuring compliance and accuracy. For any accounting, business advisory, tax or CFO services required, do not hesitate to contact us.