From time-to-time, most businesses will find that they need senior management help in accounting, finance, or related fields. Why? Typical triggers that you may need outside help include:
- Disaster cleanup following a fire or flood
- Forensic accounting help following theft or loss of key records. There are projects that just shouldn’t be assigned to inside staff.
- Temporary coverage for your CFO or controller due to illness, death or termination for cause
- Repeated inability of inside staff to solve a continuing problem, or to establish proper procedures.
- Purchase or merger with another company
- Sale of one unit of your business.
Regardless of the trigger, sometimes a part-time or temporary CFO can be the right solution. Many companies may mistakenly look to their CPA for this kind of help, but accounting firms generally aren’t a good choice for several reasons:
- While they know about taxes, CPAs don’t know very much about running a business
- CPAs can be extremely expensive.
- Most CPAs aren’t available for six months of the year – during the tax season.
Here are some projects that I can help with:
- Accounting cleanup
- Your inside staff may be unable to solve a continuing accounting problem, such as a clean reconciliation of a bank accounts?
- Preparation for an IRS 8300 audits
- Conversion to new accounting Systems
- Planning for succession
What does it cost? Less than a junior CPA, and much less than an attorney. Contact me to discuss the scope of your needs.
I have more than 24 years of experience as CFO & Controller for small, medium, and large closely-held companies. The smallest company had half a dozen employees; the largest company had more than 140 employees. Sales revenues ranged from $100,000 per year to more than $100 million per year.
I also have experience working in banking, in retail, and in local government. Here’s a link to my resume.