Small business owners know firsthand the overwhelming nature of accounting; it reaches every aspect of your business. As employee numbers increase and your cash flow numbers rise, you quickly realize the importance and responsibility of proper financial management.
In today’s economy, many business owners cannot afford to hire a full time CFO to watch over and carefully manage their company’s assets and expenditures. The Wall Street Journal quoted that, “the average annual salary for a full-time CFO in a small- to medium-size business ranges from $94,250 to $175,750, according to a 2009 Salary Guide by Robert Half International Inc.”
Outsourced CFOs provide an excellent alternative to this dilemma. Not only are they available to work as many or as few hours as you need, they provide invaluable insights and advice that can help your business succeed and grow.
Through their years of experience, outsourced CFOs can help avoid internal fraud, recognize patterns and trends, allow you to stay in more control of your company’s assets, provide clarity to your financial situation, and enable you to make strategic decisions, all while working toward the most profitable outcome for your business.
Strategic accounting goes beyond creating a budget and paying bills. An outsourced CFO will help your business develop a core financial structure that will be able to bend and flex with the continually changing economy. Our goal at Wheeler Financial is to be a cost effective solution to your business and its growing financial needs. We come alongside you to relieve the financial strain of management and create a plan to lead your business to success.
In a nutshell, that is what an outsourced CFO is and what our outsourced CFO services provide to our clients. Whether you’re in Lexington, KY or on west coast, we welcome the opportunity for you to learn more and ask us any questions you have about this service. Please take a second to fill out our online form and we’ll gladly respond to your question.