VIRTUAL CFO SERVICES FOR YOUR BUSINESS

My Financial Home Enterprises offers the best virtual CFO services you’ll find, providing the expertise you need at a reasonable cost.  We focus on profit protection, cash flow management, projections, and business planning.  Work with a trusted CFO to grow your company wealth today.

As one of the leaders in virtual technology and services, we are uniquely qualified to help small business owners see the difference that having a Virtual CFO on their team can make.  If you would like to explore your options, schedule your CFO session today.

.

WHAT IS A CFO OF A COMPANY?

A CFO manages all financial actions for a company, which means financial planning, cash flow tracking, and financial analysis.  A CFO has specialized knowledge, so it’s not uncommon to not have one on staff. That’s where outsourced CFO services for small business can be a big asset. A small-business CFO from our team can handle all of the tasks someone on your staff would. By using our outsourced CFO services, you’ll be able to bundle CFO services with other accounting and bookkeeping needs for greater value. If you’re in the process of actively growing your company, a virtual CFO can keep your business on financial track.

BENEFITS OF OUR CFO SERVICES

  • Understand your cash flow and projections
  • Develop real wealth for your company
  • Protect profits, hire at the right time, and control costs
  • Build a financial plan that works
  • Minimize your business risk and get better ROI
  • Avoid major financial disasters

My Financial Home Enterprises outsourced CFO services are customized to meet your needs. Depending on the goals of your business, your CFO may suggest several different tactics to help make your operations more profitable. 

Cash Flow Forecasting

One of the most common tools your small-business CFO will reference is a cash flow forecast. This tool helps you and your strategy team understand what could happen to your cash flow in the future based on the decisions you make today.

Budget-To-Actual Reporting

Once a plan is in place, you’ll want to know how well you’re tracking to it. We all know how vital budgets are, but they don’t always get used. Your CFO can help get your budget in place and then analyze your company’s performance against it.

Break-Even Analysis

For businesses on the verge of a cash crunch, knowing break-even points is crucial. Your sales and production teams must know how much work they have to deliver to keep the bills paid. Every business faces hard times, and if that ever happens to you, your CFO can help you dig deep and control the excess.

Labor Cost Management

If you’re a staff-heavy organization, you must know as much as possible about your payroll costs.  Is your staff operating efficiently? Should you give someone a raise, and if so, what will it do to your business over the long run? For businesses we’ve coached across the country, labor costs tend to be their biggest downfall. They have either over-hired or not staffed enough, and the bottom line gets strained.

Variable Vs. Fixed Expense Reporting

Not all costs for your business are created equal.  You will incur fixed costs regardless of what you do, and while you can reduce costs in this category, there’s only so much you can cut before the benefit to your business becomes less and less impactful.  Meanwhile, your variable expenses are the costs you incur when you do work.  The secret to getting wealthy is controlling these costs in an efficient manner.  Your Virtual CFO will be an expert at identifying these costs and keeping them in check.

Debt Planning and Reduction

If debt is a part of your growth strategy, your CFO will help you optimize your liabilities so that they support you in your goal.  If you have debt because your company has seen hard times, then we need to create a reduction plan for getting your company back on top.

WHY SHOULD YOUR BUSINESS CHOOSE MY FINANCIAL HOME ENTERPRISES?

  • We have a passion for helping small businesses succeed by fulfilling their financial goals.
  • Your business is scaling fast and you need financial leadership to manage growth.
  • You want finance expertise but do not yet want to hire a full-time CFO.
  • We help you understand your numbers and tell the financial story to investors.
  • We have over 20 years of risk management and finance experience in a multitude of industries.
  • We listen to your goals, aspirations and challenges before making any recommendations.
  • We customize an approach that aligns with your values, culture and budget.
  • We are flexible by offering you anywhere from 5 to 20 hours per week.

FAQ ABOUT OUR CFO SERVICES

Got questions about our outsourced CFO services before you get started?

Here are the most common questions we get. 

 If we haven't answered your question below, feel free to contact us.

What Type of Accounting Software Does MFHE Use?  

We use the number one accounting software for small business owners – QuickBooks Virtual.  Each staff member is a Certified QuickBooks Pro Advisors. 

Do You Prepare Personal and Business Returns?

Yes, we do complete personal and business tax returns. Our team has over 30 years of experience and remains current on the ever-changing tax laws by completing annual IRS approved certifications.

Is There A Setup Fee for Services?

Yes, there is a one-time non-refundable setup fee.  If your books are not up-to-date, we will bring your books current and in compliance for a one-time clean-up fee.

How Long Does It Take to Set Up Virtual Accounting Services?

Depending on the condition of your books, virtual accounting services could take, on average, 3 to 6 weeks.

I’m Nervous About the Whole “Virtual” Accounting Access. How Do You Handle Data Security?

Data security is one of our top priority.  Our third-party system uses multiple layers, industry-leading security measures that include, third-party verification, encryption, 256-bit salt hash password login and more.

If I Am Not Located in Your State Does That Mean I Have A Longer Waiting Period Before Speaking with You?

Absolutely not! With our virtual infrastructure, our clients are able to community with us via instant chat, text, virtual meets via Zoom and phone.

Why Should I Use Outsourced Accounting Services Over an In-House Accountant?

1. With an in-house accountant, you are responsible for training, managing, payroll taxes and support.  With our virtual accounting service, you are responsible for… growing your business. 

2. Our virtual accounting services help you cut cost at a minimum of 45%

3. We remain up-to-date on the latest industry trends and technology

4. We are dedicated to helping your firm become/remain debt free while increasing profit and cash flow by a 40% minimum

5. We are not just entering data into a system. We provide unique virtual accounting services that include our signature profit coaching

How Do We Get Out Documents to My Financial Home Enterprises?

No matter where you are located, you will receive a virtual app that allows you to upload your documents within 3 seconds. 

Will We Have to Sign An Agreement?

For on-going accounting services there is no contractor. If accounting clean-up is needed, there is a contract to cover the clean-up work and period. Once the clean-up has been completed, the accounting services is on a month-to-month plan.

How much does a full-service Virtual CFO cost?

Great question! The cost to employ a full-time virtual CFO ranges between $220,000 and $500,000 annually.  Our virtual CFO services cuts that investment over 90%. Our prices are customized to fit your needs with no hidden cost or miscellaneous fees. We become your financial partner, consistently in communication with you with an ultimate shared goal of helping you have more money, more profits and pay less taxes. 

How Soon Can I Get Started?

As soon as you can complete the Discovery Session Questionnaire - Virtual Accountant & CFO Services form. If you qualify you will receive a link to join one of our team members to discuss your accounting needs and how we can serve you.