Virtual CFO and Accounting dedicated firms is a trend becoming increasingly popular among businesses. Usually because these CFO firms help businesses look at the bigger picture, their only skill isn’t financial recording and management. A CFO ensures that the system and processes being practiced in your organization are up to date and are able to produce efficient financial data; so consequently, the owner can make better decisions.
A CFO services goals and objectives are parallel to the business’s goals, ensuring proper growth and expansion while keeping the daily cash flow in order.
Finding the right CFO Service has gradually become difficult, primarily because there are so many of them. You need to be sure that the CFO Service you are going for is highly relevant and effective for your business.
At ECS, our focus is only on Small to Mid-Sized Private Entities (SME’s). Hence, we bring to your Organization the following quality services:
Financial Reporting and Operational Accounting Services
Business owners, CEO’s, and managers require accurate and timely financial statements and cash Flow Metrics in order to understand their company’s financial performance and liquidity position. ECS provides assistance in all aspects
of the finance function from accounting transaction processing, process improvements, financial reporting preparation, and Executive management reporting. In addition, we assist organizations that have a “peaking” issue due to
a company’s strategic initiatives or special projects.
Our Virtual Accounting, Controller and CFO Services may be a perfect fit for you if:
• You are a growing service and product-based business that now needs professional financial advice but cannot afford a full-time CFO or controller.
• You are an existing business looking to replace a current CFO and do not need an on-site CFO daily.
We offer three different service levels, each with additional a-la-carte services that can be added on, so you only pay for precisely what you want and need.
Level 1: Virtual CFO and Accounting (full-service)
Our Virtual CFO and Accounting service collaborates you up with a remote team of Accountants, CPA, and a Tax Partner who work with you to help guide your business to success. There is a lot of redundancy so nothing ever stops (even when someone is sick or takes a vacation). You will have one distinct point of contact, a project manager of sorts, which will enhance efficiencies such as time, money, and management. If you are a growing service-based business that now needs professional financial advice, but cannot afford a full-time CFO or controller, our Virtual CFO Services are a perfect fit.
How much does a full-service Virtual CFO cost?
The cost of hiring a full-time CFO can range from $175,000 to $480,000 per year plus vacations, bonuses and other benefits. Our Virtual CFO services provide you with the experienced strategic support you need, at an affordable fixed cost. Our average Virtual CFO package costs $1500 per week (less than $80,000 per year).
For a breakdown of our Virtual Accounting and CFO pricing options, visit our pricing page.
What do Virtual CFO services include?
Service includes bank relationships, weekly meetings, forecasting, company-wide KPIs, and much more.
Level 2: Controller
Our proactive Controller service collaborates you up with an experienced Controller who works with you to help guide your business to success. If you are a growing service-based business that now needs professional financial advice, but cannot afford a full-time Controller, our Controller Services are a perfect fit. Our Controller services provide you with experienced support for tax returns, strategic planning, accounts payable and receivable, and detailed forecasting---all at the fraction of the cost of a full-time Controller. We get into more strategic cash flow management and dynamic forecasting. If you are ready to scale, this kind of dynamic forecasting is a critical component of your future growth.
For a breakdown of our Virtual CFO and Accounting pricing options, visit our pricing page
Level 3: Transactional
Our Transactional service provides traditional accounting services such as preparing your monthly financial statements –including balance sheets, industry financial comparisons, and more. At this point, we are not just assisting you with tax returns but also with more strategic planning. We are not just a team of bookkeepers and accountants. We are experts in laying a solid financial foundation to help your business accelerate.
For a breakdown of our Virtual and Accounting CFO pricing options, visit our pricing page.
In addition, we offer the following a-la-carte services:
• Paying Bills (Accounts Payable)
• Invoicing Clients (Accounts Receivable)
• Payroll Management
• Cash Flow Management
• Credit Card Tracking and Recording
• Business Tax Returns (1120, 1120S, 1065, 990, 1041)