Welcome to CFO for Hire

Phase 1: Introductory Phase (New Clients)

In Phase 1, CFO for Hire will conduct a thorough initial interview and consultation, to determine the most urgent opportunities for improvement. One objective in this initial phase is to address the 'hot spots' or primary issues in the organization, with minimal disruption to daily operations. During the Introductory Phase, clients will be asked to provide information to help in the financial diagnosis. The ultimate goal of Phase 1 is to provide an assessment for the organization that identifies the next critical steps in the process. In the majority of our new client transitions, we discover issues which must be addressed before any additional progress can occur. These often include months of unreconciled accounts, overlooked journal entries, and a lack of documentation to support the existing accounting records.

These situations arise largely due to insufficient resources - either personnel and/or funds allocated for the accounting function. The problems associated with years of performing accounting functions without strong systems, policies, procedures and oversight cannot be resolved in a few hours.

Initially, CFO for Hire will address the larger issues; this may take days, weeks, or months in some instances, while we continue to service the organization's daily accounting needs. Smaller issues, not as significant to the financial statements, are addressed on an on-going basis during the first six months of the client's relationship with CFO for Hire.