HIS CPA
1/29/13 at 08:55 AM 0 Comments

Johns Creek/Lawrenceville CPA: Is this the Year Your Company Hires a Virtual CFO?

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Johns Creek/Lawrenceville CPA: Is this the Year Your Company Hires a Virtual CFO?

For the rapidly growing entrepreneurial run business having a Chief Financial Officer is essential. Hiring one on a part time basis can gain you the full advantage of their skill set without having to carry the full brunt of their salary.

A Virtual CFO can help with your company by reviewing your company's financial, it is usually best to review your profit and loss being sure to show the current period under review as well as the year to date totals. This will have the added advantage of reviewing specifically the most current operations for any significant variances or trends as well as contemplation of where you stand vs. your annual and year to date goals. Your financials are best reviewed and presented when you also add a column which calculates items as a percentage of sales which allows the reviewer to have a good grasp/rule of thumb of which to measure operational results.

Often financial statements are unduly cluttered with accounts that have no financial, operational, or tax significance. A company's statement should be concise giving the business owner as well as the CPA meaningful information without unnecessary data. A financial statement, like a heart monitor in a hospital, is the barometer that measures the lifeblood of a business, giving its holder critical and insightful information that is needed for all short and long term operational and strategic decisions.

Preparing and Reviewing Financial Statements is one of the most critical aspects to having information to properly manage your business. Our exhaustive experience in this field will help guide and direct you to understanding this critical aspect of your business.

Contact HIS CPA PC (A Christian CPA Firm) today. The letter below we might use to send to a client to gain better insight to their books and records and to provide needed financial insight to their management and financial operations:

Here are some initial critiques to the data you forwarded and some initial thoughts.

Can you send me any modeling, forecasting, budgeting the company has done for this year and beyond. Please forward me copies of any company notes.

Do you see in the business any changes in clients, concentrations of business the company might have this year and beyond. If so please forward me copies of any company notes.

Do you seen any changes in the pricing of business products, contracts and procedures the company might have for this year and beyond. If so please forward me copies of any company notes.

Please let me know if the internal financial data that you forwarded your outside CPA has been seen and any offered suggestions. If so please forward me copies of any company notes.

If you have any year end notes that your outside CPA generated in addition to the compiled report, please forward me copies of any company notes.

www.HisCPA.com A Christian CPA Firm in Duluth GA Proudly Serving Suwanee, Lawrenceville, Snellville, Lilburn, Duluth, Norcross, Peachtree Corners, Atlanta, Gwinnett, Johns Creek, Roswell, Forsyth, Flowery Branch, Buford, Dunwoody, Grayson, Alpharetta, Roswell, Sandy Springs & Tucker as a Faith Based CPA

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