Many growing businesses reach a point where the owner needs more than bookkeeping and an annual tax return, but is not ready to hire a full-time chief financial officer. An outsourced CFO may be a good fit.

What an outsourced CFO can do

• Build budgets and cash flow forecasts
• Review your pricing and margins
• Prepare reports for lenders and investors
• Help you plan for growth or new locations
• Set up better financial controls

Signs that it may be time

• You are profitable on paper but often short of cash
• You are planning a major purchase, loan or expansion
• Your financial reports do not help you make decisions
• You are spending too much of your time on finance
• You have several locations and cannot compare them easily

What it does not replace

You still make the management decisions. An outside adviser offers analysis and guidance, while you stay in charge of your business.

Before you begin

Agree on the scope of the work, how often you will meet and which reports you will receive. A clear engagement letter helps everyone understand their role.

Have questions about your situation? Tax rules change and every situation is different, so please talk with a professional before acting on general information. Call Fajardo & Associates at 407-720-7220 to make an appointment.