|
 |
Does my business need help?
The following questions may help you determine if your organization could benefit from the services of CFO for Hire.
- Do you receive full financial statements including income statement, balance sheet and cash flows within 15 days of the end of each month?
- Are you confident that your financial statements are accurate?
- Is the organization's level of debt appropriate?
- Are detailed documented reconciliations done for every bank account within 10 days of the end of each month, which include lists of outstanding checks and deposits? See them for yourself before you answer this question.
- Does the organization stay within its budget?
- Does it have a budget?
- Are capital expenditures properly financed?
- Are revenues collected within the contracted time frame?
- Is the accuracy of your revenues verified each month?
- Are the necessary controls in place to prevent theft?
- Does your tax accountant or auditor say that you are the most organized client they have?
- Are all bills paid in a timely manner?
- Is there a clear process for tracking and valuing inventory?
- Are investments in new initiatives measured on a financial level?
- Are your expenses under control?
- Are your books ready to be looked at by a bank or investor?
If you answered yes to every question, Congratulations!!! If you answered no to more than a few questions, take comfort in knowing that this is normal, and the services of CFO for Hire can assist you in answering yes to all of these questions.
|
|
Mercury
Web Solutions