Part-Time CFO Services include:
Prepare Financial Statements
It is critically important that small businesses understand and use financial statements. While most businesses do create financial statements in order to prepare tax returns or to file loan applications, the real benefit financial statements can provide is that they can help you run your business better. Preparing financial statements that are useful to your management team is one of the key CFO Services Barbar Financial Solutions provides.
Develop Financial Models
As your part-time CFO, Barbar Financial Solutions can help you develop a comprehensive financial model that will help you evaluate different scenarios, present your business to others, and better manage your business. As every business is different, we custom build all financial models for our clients.
Assist with Forecasting
More important than understanding how your business has performed in the past is having a firm grasp on how your business is likely to perform in the future. In fact, the main reason to think about what has happened in the past is to gain insights as to what is likely to happen going forward. As your part-time CFO, Barbar Financial Solutions will assist you with forecasting both revenues and expenses. We will develop a visible “Scorecard” that keeps the business on track and allow you to see the health of your business at any given point.
Develop and Analyze Business Plans
Developing a meaningful business plan is complex and can be complicated and confusing. However, the success of a your business is often dependent creating a solid blueprint to build the foundation of defining measurable benchmarks in growing the business. As your part-time CFO, Barbar Financial Solutions can help you develop a realistic, simple and flexible business plan.
Manage Accounts Receivable and Accounts Payable
Every successful business collects revenue and pays bills. Doing so efficiently and in a manner that makes it easy to analyze your business will separate you from your competitors. Managing accounts receivable and accounts payable is where finance starts, and so one of the most important CFO Services Barbar Financial Solutions provides is making sure our customers are performing these tasks efficiently and effectively.
Prepare Presentations for Shareholders, Management, and Company-wide Meetings
Different stakeholders in an organization require different information and, as your part-time CFO, we work with you to create custom reports for different purposes.
Analyze Business Opportunities
Analyzing business opportunities is different than most of the other CFO Services described here in that it is not an ongoing requirement for most companies. Because it is not something they are familiar with, companies often seek outside assistance when analyzing new opportunities. Whether or not you are an existing customer of Barbar Financial Solutions, we can assist you with analyzing and evaluating the risks and benefits associated with new business opportunities.
