When to Outsource CFO Duties

When to Outsource CFO Duties

Every company can benefit from having a CFO or Controller. It pays to have someone handling the monthly bookkeeping, preparing taxes, and helping with key financial strategies and decisions that will make the business as profitable as possible. Unfortunately, not all businesses can afford to hire a full-time CFO or Controller on staff—especially in a down economy.

That’s when it’s time to consider outsourcing your company’s CFO duties to an experienced CPA firm. Ferguson, Timar & Company brings the accounting and tax expertise you need to manage the finances at your company. With our services, you can have all the benefits of an in-house CFO or Controller without having to pay a six-figure salary. This can lead to better financial stability and increased profitability for your business. Here are just a few of the CFO duties we cover:

Monthly Bookkeeping

You can’t run a successful business without accurate and dependable bookkeeping that is reviewed in detail every month. Ferguson, Timar & Company takes care of all your bookkeeping needs, tracking revenue, accounts payable, accounts receivable and all company expenditures to make sure your books are always balanced.

Monthly Tax Projections

It’s vital to be prepared for your taxes to ensure there are no surprises when it comes time to file. As a leading CPA firm with strong expertise in business tax preparation, Ferguson, Timar & Company will stay on top of tax projections every month. Whether you are in line for a big tax return or behind on taxes due, you will always know where your company’s tax liabilities stand.

Monthly Meetings & Phone Conversations

You have access to your outsourced CFO whenever you need help or advice. At minimum, Ferguson, Timar & Company provides monthly meetings or phone calls to discuss key issues, review financial reports and strategize. If you need more frequent contact, that’s no problem. We’re happy to set up a meeting schedule that suits your needs.

Financial Decisions

With the CPA expertise of Ferguson, Timar & Company on your side, you benefit. We’ll help strategize on all financial decisions you need to make for your business. Your company can maximize its profitability, thanks to our entire team working for you in place of just one CFO or Controller.

For more information about CFO services at Ferguson, Timar & Company, contact us today at 714-204-0100.

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