The highly qualified finance expert you’ve always wanted to have on your advisory panel. We offer founders innovative financial insight, world class financial technology and peace of mind.

Hundreds of founders and management teams tap into the expertise of their trusted finance and accounting partner to help scale their companies. With their assisted bookkeeping and virtual bookkeeping services, QuickBooks provides both partial and full-service outsourcing for keeping financial records current, accurate and audit-ready. And when combined with the full suite of Intuit financial software tools, you have the digital equivalent of an entire accounting firm at your disposal. Preferred CFO recently added Human Resources Veteran, Tom Applegarth, to the Preferred CFO team to offer outsourced HR services in addition to or standalone from outsourced CFO services.

Why Contract Out CFO Services?

We have been engaged with Preferred CFO for about a year now and have been very happy with our investment thus far. Our CFO, Wes, has been a delight to work with and is extremely competent in all areas of finance and accounting. I highly recommend Preferred CFO and look forward to the continued growth of our business as a result of this partnership. A high-impact financial strategy is more than outsourced cfo just goals and budgets. It also requires optimizing existing resources, maximizing profits, and designing a forward-facing blueprint to get from where you are to where you want to go. Bookkeeping services are the foundational offering at Ignite Spot, but teams that need it (and have the budget to cover it) can upgrade all the way to CFO-level support from a certified public accountant (CPA).

• We drive real, measurable results by helping you “turn on the headlights” to improve confident decision-making and better align your business growth with short and long-term strategy, opportunities & goals.
• First, develop a job description highlighting the skills and traits you would expect to see in a qualified candidate, then post the position on LinkedIn and reach out to your networking organizations.
• If your company is currently experiencing cash flow issues such as tight margins, high expenses, inventory tying up cash flow, or high accounts receivable, our outsourced CFOs can help.
• But to many small business owners, an outsourced CFO (chief financial officer) service may sound like overkill, especially when having a full-time CFO on board isn’t something you’d consider from a financial perspective.
• When you hire an outsourced controller, however, you’re only paying for the work you need completed.

A professional outsourced controller organization has already vetted each controller on staff. Since information is such an important part of any organization’s daily processes, the outsourced controller organization is selective about the controllers they keep on staff. https://www.bookstime.com/ When you hire an outsourced controller, you don’t have to post to job boards, filter through resumes, or hold multiple interviews. Instead, the outsourced controller organization will get a feel for your needs and offer a solution they feel best fits your organization.

Energy Management Corporation

With one integrated team managing every aspect of your financial management and planning, results are fast, accurate, and actionable every time. While some outsourced CFOs can provide basic services with only a few hours of work, developing long-term solutions to problems will require much more than 3-4 hours per month. Extending your budget to allocate hours of CFO services — the average requirement for early-stage startups — can cost $5,000 to $8,000 per month.

• Start with a very specific search and widen it if you don’t find what you’re looking for.
• Our Manhattan, NY CPA Firm offers an array of outsourced controllership and CFO services designed to advance small businesses to the next level.
• However, if you have plans to grow, and possibly expand into other venues (such as online sales), then you definitely need the services of an experienced outsourced CFO service to help you get the financing you need.
• Preferred CFO has full financial teams at the ready to help implement your financial strategies.
• An outsourced CFO is a financial expert that works as a strategic financial consultant for businesses on an hourly, part-time or otherwise contracted basis.

Whether you’re facing an existing challenge such as cash flow problems or sustaining growth or looking to achieve a goal such as raising capital or accelerating growth, our CFOs can help. With a “forward-looking” financial strategy, we help organizations implement a higher level of forecasting, budgeting, cash management, and financial strategy. Our goal is to help companies move the needle by scaling and accelerating growth, optimizing resources, overcoming obstacles, and maximizing shareholder value. Before you get to the search process, it’s important to understand which types of companies get the most out of contract CFO services. That means these companies may need a CFO at less than $1MM and will probably want to graduate to a full-time CFO at less than $50MM.