CFO Services
CFO services oversee the accounting, reporting, and other financial aspects and business tasks, which will help take your business to the next level.
Gain Control & Reduced Fraud Risk with Third-Party CFO Services
As an owner of a growing business, you may feel the need to expand your management team and your financial processes. When you have a question or concern about your financials or accounting, you want answers and solutions quickly. At Smith Schafer, our priority is delivering peace of mind so you can focus on making your business a success. Smith Schafer experts bring executive-level experience without the commitment of a full-time hire.
Outsourced services save time & money
If you hire an in-house CFO, you will likely pay them a six-figure salary and also have to pay taxes, benefits, and work-related resources. We have professionals who can function as your CFO on an as-needed, part-time, or full-time basis for a fraction of the cost. This allows business owners a cost-effective method to bring a vast and diverse level of experience to their company without the commitment of a full-time hire.
Our CFO Services:
- Solve Complex Business Issues
- Maximize Cashflow
- Tax Saving Strategies
- Budget Creation & Monitoring
- Review Operations & Optimize Profitability
- Provide Deep Financial Experience
- Create & Implement Business Goals
- C-level Expertise to Management Team
- Develop Growth Plans & Exit Strategies
- Liaison with Bankers, Attorneys, Insurance Agents, etc.
Ready to work with a team that looks out for your best interest?
Resources
4 Recent Accounting Changes
Whether it is working from home, virtual school, or curbside pickup at your favorite restaurant, 2020 has had no shortages of changes and required adaptations. Accounting in 2020 is not exempt from these changes.
4 Cost Accounting Basics You Should Know About
Cost accounting aims to capture a company’s total production cost by assessing the variable costs of each step of production. It is a process of gathering, examining, summarizing, and evaluating various alternative courses of action.
COVID-19 Relief for Accounting Standards
On June 3, 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-05, bringing relief for both for-profit and nonprofit entities. The standard allows entities who have not yet issued their financial statements to DELAY the implementation of ASU 2014-09, Revenue Recognition from Contracts with Customers (ASC 606).