Our Chief Financial Officer Services Spokane
In the typical small business, there’s more work than there are workers available to do it. While it’s great to be busy, planning is one of the first things to move to the back burner when you’re always going full-tilt. When you don’t have anyone with the time to compile and analyze your numbers, you may be missing out on opportunities to improve and grow your business and not even know it. Our services start with the professional payroll solutions Washington businesses need, but that only scratches the surface of what we can do for you. Business Cents can provide you contract CFO services to give you the benefit of financial insight without the commitment and expense of hiring new staff.
How Can a CFO Help Me?
With the right professional know-how, your business’s numbers won’t just tell you where you’ve been, they’ll tell you where you ought to be going. A chief financial officer (CFO) first ensures that a company’s financial records are in order and those important financial requirements, such as tax filings, are met. CFOs also provide critical financial information to a company’s decision makers so that company strategy can be informed by hard data.
Establishing Good Procedures
If your business is just starting out or needs more efficient systems, a contract CFO can analyze your processes and recommend more streamlined procedures. A CFO can also train the employees responsible for maintaining the books, oversee their work to maintain accuracy, and set internal controls that protect your business from loss. For a small business, every minute counts, so figuring out the optimal way to run payroll and keep the books up to date is an investment that will pay dividends far into the future.
Analyzing the Big Picture
When you’re filling orders, tracking inventory, scheduling clients, or attending to any of a thousand daily tasks, it’s easy to lose sight of the overall trajectory of your business. A CFO tracks past performance to help you understand what’s working and what isn’t. Want to know how current sales compare to last year’s? Want to know which products are most profitable? A CFO can extract insights from your numbers to help guide your planning into the future.
Setting a Course
In addition to telling you where your business has been, a CFO can help you see where your business should be heading in the future. Forecasting and analysis can help you improve your profitability, decrease your debt, and make well-informed decisions about scaling up your business without overextending yourself. If you have a vision on next steps, a CFO can help ground your ideas in numbers to give them the best chance for success.
Putting You in Control of the Numbers
At Business Cents, we want to take the fear out of small business finance. From professional payroll solutions to consulting services, we empower small businesses to take charge of their numbers every day. We get you set up on easy-to-use QuickBooks systems and provide the training and support you need to get the most out of them. We know that small businesses need accessible accounting and finance services. Our expertise in manufacturing, retail, professional services, construction, healthcare, and more means that we can tailor our services to the exact requirements of your company.