Outsourcing CFO Services & Duties: What Does That Include?

Outsourcing CFO Duties: What Does That Include?

There are many reasons to consider outsourcing your CFO services to a CPA firm like Ferguson, Timar & Company. Perhaps your company has outgrown your current accounting system, or maybe you don’t have time to effectively handle all the vital duties of a CFO. You may have even looked at hiring a full-time CFO, but it’s not within your company’s budget.

More and more businesses are outsourcing their CFO duties to save time and money, while benefitting from the expertise of professional accountants and experienced financial strategists.

Here are some typical scenarios where outsourcing your CFO services with Ferguson, Timar & Company makes the most sense:

1. Interim CFO Services

Are you in between CFOs at your business? If so, don’t let important financial duties suffer. Consider outsourcing your CFO services to ensure that your finances are taken care of while you are recruiting new candidates.

2. Part-Time CFO Services

Many businesses cannot afford a full-time CFO, and in most cases, they don’t need a full-time CFO. That’s where Ferguson, Timar & Company can help by providing part-time outsourced CFO services to cover all of your accounting and financial needs. We work around your budget and customize your company’s CFO services so you can get the assistance you need without having to pay a full-time salary.

3. Special Projects or Transaction-Based CFO Services

There are many cases where a company needs additional CFO services to handle a special project or a major transaction. Examples include a tax audit, financial review, financial restatement or dealing with revenue recognition problems. Hiring a full-time CFO is typically expensive and hard to do, since most CFOs don’t work on a temporary basis. In this case, outsourcing your CFO services is the more efficient alternative.

What to Expect with Outsourced CFO Services

When you work with Ferguson, Timar & Company, you can expect high standards of professionalism and discretion. We will analyze your finances, accounting systems and financial goals from an objective viewpoint. More importantly, you will benefit from a team of licensed CPAs working on your company’s behalf to protect your financial interests.

For more information about Ferguson, Timar & Company and our outsourced CFO services, contact us today.

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