As the owner of a small business, your responsibilities and challenges are many. However, unless you have a large enough company to employ appropriate key personnel to help in the management and streamlining of your business, it looks like you are Owner, CEO, President, CFO and even provide your own bookkeeping services
When it comes to maintaining, managing and staying atop the financials of your business, your role as CEO, Owner, President and Bookkeeper are significant, but none plays as critical a role as your time spent acting as your company CFO.
Primary Responsibilities as CFO
Most large companies are structured with three all-important financial layers. That of bookkeepers and accountants who have no decision making authority, that of Controllers who typically have some specific decision making powers, and that of the CFO who, obviously, has all the decision making powers on all matters, whether minor or major.
However, in smaller businesses, the business owner himself/herself has to assume all three roles. In time, as you grow your business, you can begin to delegate functions and responsibilities to those qualified personnel you bring on board. You will, however, as the small business owner, never relinquish your role and responsibilities as company CFO. You may even find yourself in time hiring a “CFO”, but as the business owner, you will always be on top of, privy to and accountable for streamlining the finances of your own company.
As company CFO you have insight to all the key metrics of your business, opportunities that are out there, and where the financial risks lie within your company. With that said you can fully understand and appreciate the plethora of tasks and responsibilities that go into managing and executing the finances of any company, small or large. With the many hats you are wearing, it only stands to reason that somewhere along the way something is apt to be missed, or fall through the cracks.
Leave the Bookkeeping to Us
At Tax Alternatives, our fully licensed and certified team of expert accountants, bookkeepers, tax specialists and administrative personnel are committed and dedicated to providing all our valued clients with the much needed services to run their small businesses. We are equipped to provide you with all the bookkeeping services required to operate, manage and streamline your small business. Our superior bookkeeping services contribute greatly to the success of many of our valued clients’ businesses and to the overall 100% customer satisfaction ranking that we enjoy today.
Here at Tax Alternatives we recognize that the primary problem of executing the responsibilities of CFO lie in both time and priorities. We fully understand that time needed to serve in this important capacity is abundant. Recognizing the multitude of other tasks and responsibilities you have as a business owner, we are here to provide you with all the quality services needed to handle the full bookkeeping operation of your business.
Our Top of the Line Services
The services we offer are leading edge while affordable. Bookkeeping services we afford our valued clients include the following:
- Perform catch-up and ongoing bookkeeping.
- Bring all your books up to date
- Perform routine bookkeeping updates weekly, monthly, quarterly and annually.
- Produce monthly financial statements
- Perform regular reviews of Profit and Loss Statements and Balance Sheets for appropriate classifications of transactions and look for any unusual activity.
- Maintain general ledgers
- Provide any required accounts payable or accounts receivable services that may be needed.
- Provide any budgeting or forecasting assistance
- Assess your company financial status.
Yes, owning your own small business has a great deal of tasks and responsibilities and can most assuredly be time consuming. For many small business owners especially, bookkeeping tends to be put on the back burner because of the time required to update and manage it. With all that you have to do as business owner, President, CEO and CFO why not leave your bookkeeping to the highly skilled, experienced and friendly teams here at Tax Alternatives. Let us get your bookkeeping all caught up and keep it current for you month after month, year after year.