What is a Virtual CFO, and What Does a Virtual CFO Do?
Summit CPA
DECEMBER 20, 2023
On a basic level, a virtual CFO (aka virtual Chief Financial Officer , part-time CFO ) is a financial professional that provides outsourced CFO services.
services fractional-cfo 
What is a Virtual CFO, and What Does a Virtual CFO Do?
Summit CPA
DECEMBER 20, 2023
On a basic level, a virtual CFO (aka virtual Chief Financial Officer , part-time CFO ) is a financial professional that provides outsourced CFO services.
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How to Know If Your Engineering Firm Needs CFO Services
GrowthForceBlog
SEPTEMBER 15, 2023
Key Takeaways The Role of a CFO: The CFO should take charge of the management aspect of accounting by helping with tasks like financial planning, risk assessment, cash flow improvement… How Outsourced CFO Services Can Help: You can access a CFO at a fraction of the cost and have them work for your company, as needed.
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What Is A Fractional CFO And How Can It Help Your Construction Business?
Randal DeHart
SEPTEMBER 22, 2023
A fractional CFO, or Chief Financial Officer, is a finance professional working part-time, retainer, or contract. They bring the experience and expertise of a high-level CFO to your business – without the cost of hiring a full-time, in-house employee.
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A Founder’s Guide to Efficient Financial Management in 2024
Shay CPA
MARCH 13, 2024
No matter what kind of solution, service, or product a company delivers, it has one thing in common with every other business in existence today. If that sounds familiar, we have a suggestion: consider fractional CFO services. Long story short, a CFO can be your one-stop shop for strong financial management in 2024.
5 Reasons Offering Advisory Services Will Help You Escape the Accountant’s Trap
CPA Practice
DECEMBER 18, 2023
In my role as CEO of The CFO Project , a community that helps accountants start and scale CFO/Advisory practices, I’ve noticed that many accounting and bookkeeping firm owners are stuck in what we call The Accountant’s Trap. We recommend offering advisory services to your clients. What Are Advisory Services? By Adam Lean.
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Five Ways Offering Advisory Services Can Help You Escape the Accountant’s Trap
CPA Practice
DECEMBER 27, 2023
By Adam Lean, Co-Founder & CEO, The CFO Project. In my role as CEO of The CFO Project , a community that helps accountants start and scale CFO/Advisory practices, I’ve noticed that many accounting and bookkeeping firm owners are stuck in what we call The Accountant’s Trap. What Are Advisory Services? A necessary evil.
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Mauldin & Jenkins Merges in CFO Navigator
CPA Practice
FEBRUARY 27, 2024
Top 65 accounting firm Mauldin & Jenkins has merged with CFO Navigator, a specialized firm providing tailored financial guidance to growing businesses and nonprofit organizations in the metro-Atlanta area. I think combining our two firms makes for a perfect match, both in service offering and culture, and I couldn’t be happier.
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Why Outsource Financial Services Rather Than Hire in House?
Shay CPA
JANUARY 24, 2024
And, of course, companies are leaning into the benefits of outsourcing their financial services. But in the modern era, outsourcing your financial services can look a little different (read: more convenient and effective) than ever before. And it’s not just the tools that make outsourcing to financial service providers a savvy move.
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Budgeting vs. Forecasting for Your Business
GrowthForceBlog
JULY 5, 2023
If you've shown a trend of growth or… Support Your SMB's Budgeting and Forecasting With a Solid Back Office: If your SMB struggles to keep its back office in order, then outsourced bookkeeping, accounting, and CFO services might be right for you. These services cost a fraction of the price…
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Appletree & The Prestige Journal Merger Announcement
Steve Feinberg
DECEMBER 5, 2022
We’re pleased to announce that Appletree Business Services LLC merged with The Prestige Journal LLC. The Prestige Journal has grown quickly to become a leading provider of bookkeeping, tax, and fractional CFO services for entrepreneurs who are coaches, course creators, and content creators. .
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What’s the Difference Between a Controller and a CFO?
Shay CPA
SEPTEMBER 13, 2023
And when it comes to your company’s financial function, that means bringing in people with a specific background, like a controller and a chief financial officer (CFO). A CFO, on the other hand, operates in more of a heads-up role. Rather than focusing on the brass tacks, a strong CFO should zoom out.
How to Accurately Price Advisory Services
CPA Practice
SEPTEMBER 25, 2023
By Sandy Petty, CPA, CGMA, PHR, SHRM-CP Determining the right pricing strategy for advisory services is a science and an art. I want to dive into the essential aspects of pricing advisory services to help my tax and accounting peers navigate this crucial aspect of their practice. Advisory services often require specialized expertise.
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How Do I Organize the Finance Department at my Startup?
Shay CPA
MAY 25, 2023
A Chief Financial Officer (CFO) — This person drives and oversees everything. Similarly, lots of younger or smaller companies outsource their CFO. This is called a fractional CFO. The right fractional CFO will be committed to your startup and should help guide you forward. You should hire a CFO, though.
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What is Solar Tax Equity?
inDinero Tax Tips
NOVEMBER 16, 2021
Think your business can’t afford a CFO? indinero’s flexible pricing options offer CFO services at the fraction of the cost of hiring a C-level officer. Partnership flips can be somewhat confusing, and you will likely need a good CFO or tax attorney to walk you through it. Think again! Interested in learning more?
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What is Solar Tax Equity?
inDinero Tax Tips
NOVEMBER 16, 2021
Think your business can’t afford a CFO? inDinero’s flexible pricing options offer CFO services at the fraction of the cost of hiring a C-level officer. Partnership flips can be somewhat confusing, and you will likely need a good CFO or tax attorney to walk you through it. Tax Equity in Solar and Your CFO.
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Tax & IRS Audit Help
inDinero Tax Tips
NOVEMBER 4, 2021
An audit is the way the Internal Revenue Service (IRS) ensures that what’s being reported on your tax return matches your business activities. You could go the expensive route of hiring a tax accountant, tax attorney, and/or CFO to manage the audit for you. Or you could hire a CFO part time – a service known as a fractional CFO.
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Hiline Acquires New York Accounting Firm Calculate
CPA Practice
FEBRUARY 8, 2024
Hiline , a provider of financial-operations-as-a-service that helps business clients manage risk, improve outcomes, and make better decisions, has acquired Calculate , a New York-based outsourced accounting and finance firm focused on serving emerging companies.
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Professionals on the Move – June 2023
CPA Practice
JUNE 5, 2023
Shekel joins the firm with more than 20 years of experience, focused primarily on valuation services. Prior to joining FORVIS, Shekel led the valuation advisory services for professional M&A and accounting firms with a focus on middle-market business development companies, private-equity funds, and real estate entities.
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The Secret to a No-Sweat Compliance Audit is an Outsourced CFO
inDinero Accounting
MAY 5, 2021
When the need arises, inDinero’s clients have access to a fractional CFO with industry experience, accounting expertise, and audit acumen. Are you in need of a CFO to take an audit off your plate? An outsourced CFO is an excellent alternative to a costly executive search for a CFO when your business or nonprofit faces an audit.
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Financial Decision Making Checklist
inDinero Tax Tips
MARCH 22, 2022
This is all especially true if you do not have a full-time CFO or access to fractional CFO. Hire one of inDinero’s fractional CFOs. Learn about inDinero’s financial services: Business Intelligence. Fractional CFO Services. Some of these reasons include: To help organize your thoughts.
Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24
Going Concern
MARCH 22, 2024
Mr. Day will join the FASB from Ernst & Young LLP (EY), the global accounting and professional services firm, where he is a partner working in Professional Practice. Many in finance are looking to take on senior roles in MNCs and eventually become CFO,” she says. “My Day to the role of director of technical activities.
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Budget Forecasting Methods
inDinero Accounting
DECEMBER 6, 2021
Check out inDinero’s financial service offerings: Accounting. CFO Services. A CFO can improve your business by giving you insights into how you can improve your financial operations to increase your bottom line. A fractional CFO is an outside consultant who works with your business part time.
What’s the Difference between a Bookkeeper, Accountant, CFO, Controller?
Pooley Accounting Services
SEPTEMBER 2, 2021
Advisory accounting services guide you to better, data-driven decisions that make your business more profitable and more sustainable. Examples of this would be your accountant helping you create a budget, forecast cash flow, evaluate your most profitable products or services or performing job costing. .
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What Is a Virtual CFO (and Why Are Businesses Hiring Them)?
inDinero Tax Tips
MAY 30, 2022
Credit: Morgan Housel More entrepanuers and business owners, amid an inflated economy and tight labor market , are searching for things like what are virtual CFO services, why hire a virtual CFO, and a timeless favorite, why you need a virtual CFO, so clear and concise answers to those questions become even more important.
What Is a Virtual CFO (and Why Are Businesses Hiring Them)?
inDinero Tax Tips
MAY 30, 2022
More entrepanuers and business owners, amid an inflated economy and tight labor market , are searching for things like what are virtual CFO services, why hire a virtual CFO, and a timeless favorite, why you need a virtual CFO, so clear and concise answers to those questions become even more important. 1 – Cheaper.
Financial Decision Making Checklist
inDinero Tax Tips
MARCH 22, 2022
This is all especially true if you do not have a full-time CFO or access to fractional CFO. Get Professional Business Strategy Advice Hire one of indinero’s fractional CFOs Learn More What Should Be On Your Financial Decision Making Checklist? This is why a financial decision making checklist is important.
5 Tax Season Tactics to Grow Client Advisory Services
CPA Practice
DECEMBER 13, 2023
Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. Offering these types of business advisory services can lead to significant gains for your clients. Directly ask about your client’s future.
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How Accounting and Tax Pros Can Help Clients Strategize on Social Security
CPA Practice
OCTOBER 17, 2023
B hairavi Parikh, CPA, is a fractional CFO and consulting controller for Analytix Solutions. With more than 15 years of experience in public and private accounting, Bhairavi is well versed in managerial accounting and CFO services for small- to mid-size organizations.
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How does outsourced accounting work?
Basis 365
MAY 9, 2022
Outsourced accounting offers flexibility and the ability to obtain your services without paying for those you don't need. They will then provide a proposal detailing their services and the associated costs. Outsourced accounting services have many benefits, but these are the three main reasons companies choose to outsource.
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Effectively Leveraging Accounting for Financial Planning Strategy
CPA Practice
AUGUST 11, 2023
In addition, cost accounting helps leadership understand its most profitable services and determine product or service pricing. If they’re fully engaged in their role, fractional FP&A expertise offers an optimal way to support strategic decision making without taking away from the strengths of current talent.
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Best Enterprise Accounting Software
inDinero Accounting
DECEMBER 22, 2021
With services ranging from inventory management to tax compliance solutions in one package, Intuit offers a complete solution that covers all of your company’s needs from start-up through growth. They offer free service for individuals and low-cost business plans for as little as $5 per user.
Protecting Your Funding: FDIC Insurance and Beyond
Shay CPA
DECEMBER 14, 2022
Usually, they offer this service for a fee. If your startup isn’t at a point where it makes sense to hire an internal CFO, you may want to consider a fractional CFO to help guide important decisions like these. With CFO advisory services, you get an expert invested in helping your startup succeed.
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Best Enterprise Accounting Software
inDinero Accounting
DECEMBER 22, 2021
With services ranging from inventory management to tax compliance solutions in one package, Intuit offers a complete solution that covers all of your company’s needs from start-up through growth. They offer free service for individuals and low-cost business plans for as little as $5 per user. Download the Guide.
Law Firm Leverage: How to Overcome Common Obstacles to This Essential Profit Strategy
Anders CPA
NOVEMBER 20, 2023
Other professional service firms, CPAs included, achieve ratios closer to ten-to-one. But now think about that partner spending a fraction of their time on keeping three professional staff busy: If each of them charge 1800 hours per year at $400, their collective maximum revenue potential is around $2.1
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ClickBank Teams Up With Fully Accountable On eCommerce Accounting Services
PYMNTS
APRIL 22, 2019
Global digital marketplace ClickBank has announced a partnership with Fully Accountable to offer a full suite of specialized accounting services for small and medium-sized eCommerce businesses, and digitally based firms. Earlier this month, ClickBank named Ryan Vestal as its new Chief Financial Officer.
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What Is Cash Flow? A Guide for Startups and Business Owners
inDinero Accounting
DECEMBER 29, 2023
Table of Contents Components of Cash Flow How to Read a Cash Flow Statement Cash Flow Planning Conclusion As you’re scaling your business, indinero’s fractional CFO services are here to support you. We’ll handle your accounting needs at a fraction of the cost of a full-time employee so you can focus on growing your operation.
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When are taxes due in 2024?
inDinero Tax Tips
JANUARY 16, 2024
Check out these other posts: Cash vs. Accrual Accounting C-Corporation vs. S-Corporation Controller vs. Comptroller vs. CFO Consequences of Missing Tax Deadlines Should you miss a tax deadline, you’re likely to face consequences such as interest charges, penalties, and even potential loss of refunds owed. Request an extension.
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The Big Shift: Positioning your firm to help clients evolve
ThomsonReuters
APRIL 15, 2021
Tax and accounting firms are uniquely positioned to be strategic advisors and service providers for their clients—but CPA firms must evolve, too. Businesses that require occasional additional services and/or staffing : Some organizations have resources on staff to “cover the basics.”
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Pot of Gold: Be Smart (Not Lucky) With Outsourcing Business Processes
inDinero Accounting
JUNE 3, 2021
A CFO needs to paint the strategic and financial picture. In the future, do CFOs lean on BPO to see their company through uncertainty? Should CFOs adopt innovative technological solutions rather than BPO? Outsourcing provides a boost to production (or service capacity) at a lower cost than you could in-house.
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Cash vs. Accrual Accounting
inDinero Accounting
FEBRUARY 28, 2022
Check out inDinero’s suite of financial services: Accounting. Fractional CFO Services. Rather if you buy or sell goods and services with a payment date after receipt, you have made a credit transaction. Contact inDinero today to get started with our financial services. Tax Preparation. Business Intelligence.
What Does VC Mean? Everything Startups Should Know About Venture Capital
inDinero Accounting
MAY 16, 2023
Indinero’s fractional CFO services can connect your growing startup with the right financial experts for your business size and industry. The high-risk, high-reward field produces cutting-edge innovations and spectacularly high market capitalizations, at the cost of a considerable number of unremarkable failures.
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52 Groupon Launches Another Round Of Layoffs
PYMNTS
MAY 6, 2016
The latest to fall were 30 members of the customer service staff, though Groupon has been quick to note that these employees are a small fraction of the “hundreds” of customer services professionals employed in North America, and an even tinier portion of their “10,000” customer service workers worldwide.
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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending
PYMNTS
NOVEMBER 27, 2018
As Phelan explained, the automation and digitization that has enhanced financial services across so many areas has failed to make its mark in small business bank lending. Researchers also found that most small businesses don’t have a dedicated CFO, nor the time and resources necessary to seek the credit they need.
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