6 Ways Your Business Can Benefit From Outsourced CFO Services

If there is one place you shouldn’t cut corners to save money, it’s financial services.  These are the experts who can provide you with direction, expertise, and oversight to help you make more money.  When you think of a Chief Financial Officer (CFO), you may think of large corporations in skyscrapers and conference rooms lined with men in suits.  But in reality, many small businesses can benefit from a CFO, and they can easily outsource one on a much smaller scale than they ever realized.

Financial advice

When you don’t know how to increase profitability or secure your company’s financial condition, you need advice from a financial expert. An outsource CFO can provide the guidance and advice you seek.

An independent viewpoint

Consultants are valuable in most areas of business because they bring an experienced yet fresh viewpoint to bear on a company’s difficulties and struggles to help solve problems that your in-house staff may be too close to in order to see solutions.

Accurate financial statements

If you don’t necessarily know the difference between a well-done, accurate financial statement and a sloppy one, or if financial reporting is just not your area of expertise, your business can benefit greatly from someone who really understands how to prepare and review these critical documents.

Financial analysis and consulting

Outsourced CFO services provide spot-on, high-level financial analysis of your cost and profits to help you plan strategies to deal with the financial problems or concerns you face.

Preparation of financial information

You need financial documents to show any potential investors or venture capital firms you approach. With an outsource CFO service, you’ll get expertly prepared financial information to help you attract investors.

Restructuring

CFO consultants who review your company’s balance sheet will help you find ways to bring your accounts payable up to date and to free up cash. How you use that cash is up to you and your shareholders.

Bottom line: Outsourcing CFO services can help your top line tremendously, without the worry of a three figure salary, benefits, and everything that entails hiring an in house CFO.

Aspen Accounting and Consulting offers full service solutions to a variety of your financial needs regardless of where your business is based, although we do have a presence in both Fort Collins, Colorado and Phoenix, Arizona.  To learn more about how we can help you, click here to contact us today. 

 

Why You Should Consider Online Bookkeeping Services

If numbers aren’t your thing, you might find bookkeeping one of the most neglected parts of your business.  But it shouldn’t be.  You can take this burden off both yourself and  your employees by outsourcing to an online virtual bookkeeping agency such as Aspen Accounting and Consulting.

Here’s why you may want to do that:

Let the pros do it

Hiring a bookkeeper lets you put your books in the hands of the experts – experts who have years of education, training, and experience navigating the unknown waters of accounting and bookkeeping.  What may take you days to complete, might only take them a couple hours.  Bookkeeping can be a huge usurper of time.

Your in-house employee might be good, but unless that person has extensive training they won’t be able to match the dedicated experience a qualified accountant can.  Plus, outsourced accounting firms will have access to top-shelf accounting software and document resource management tools that can guarantee efficiency and security for any size of business.

Boost productivity to grow your business

Accounting is synonymous with tedious, and often boring, paperwork. There’s no getting around it.  If you’re not passionate about it, it’s easy to cut corners, especially for employees who have been tasked with it.  This could mean errors in budgets, and worse.  Instead of spending time on what you and your employees were not trained to do, spend time on what you were – helping your actual business thrive!

Keep up with growth

Are you excited to see your business grow? Because we are!  One of the main reasons businesses don’t grow is because they are unable to handle the bookkeeping and accounting needs.  It almost always gets put on the back burner, when in reality it should be at the forefront of growth.  Instead of trying to determine how to juggle it all, having a dedicated consultant can help break through these transitions with ease and flexibility.

Cost savings

Outsourcing is an investment, but it also entails far less than in house employment making it much more affordable than you may realize.  Online bookkeepers and accountants rarely take sick days, or fail to follow through with their job.  Having someone dedicated to your financial needs 100% of the time is a cost saving measure that many attest to.

Leaving your accounting to outsourced professionals can benefit your business in nearly every way, from efficiency to cost savings to employee morale. If you’re sick of crunching numbers, reach out to an outsourced accounting firm to get a helping hand.

Aspen Accounting and Consulting offers full service solutions to a variety of your financial needs regardless of where your business is based, although we do have a presence in both Fort Collins, Colorado and Phoenix, Arizona.  To learn more about how we can help you, click here to contact us today. 

What Should You Look For In An Accounting Agency?

There are various reasons you will begin your search for an accounting agency.  It might be growth, or that you want to focus on other things, or that the needs are beyond your skill.  Regardless the reason, when you start your search, here are some tips to make sure you choose the right agency.

Determine The “Why”

Take stock of your organization’s accounting needs, and determine why you want to do this.  Is it that you can no longer keep up with the tasks as your business grows? Or that your needs have changed as your business has grown?  It may be that you just don’t want to deal with it and are wanting to do what you love while letting someone else do what you don’t.  Possibly the skill set needed is above and beyond what anyone in your company is capable. Once you Some firms specialize in small businesses and will be better suited to helping grow an organization than managing accounts at the enterprise level.

Take a look at your needs

Think through what you need both currently, and what you would see yourself needing in the future. Is it accounts receivable and payroll?  Budgeting?  Taxes?  Growth projection?  Different providers will specialize in your various needs, and when they don’t specialize in something you are seeking, they will be able to offer solid resources.

Check qualifications

You should review the qualifications and certifications of anyone you’re considering. Ask questions, check with the Better Business Bureau, and determine if they have any special certifications.  You’ll also find that some agencies specialize in certain industries so asking what these are, and even verifying, can go a long way.

Is their pricing structure a match for your needs?

A heavy price tag doesn’t necessarily mean you’ll receive the highest quality services, and inexpensive providers may be able to provide better service than you expect. Use industry referrals and personal recommendations whenever possible during your search to get an insider perspective on how each firm performs.

Consider Outsourced Bookkeeping Services

Whether it be cost, specific needs, or based on stellar referrals, considering outsourcing your accounting and bookkeeping needs can be a slam dunk.  This allows you to tap into expertise that may otherwise not be reasonable to even consider.  Working with a company such as Aspen Accounting and Consulting you can get the whole package without the worry.

Aspen Accounting and Consulting offers full service solutions to a variety of your financial needs regardless of where your business is based, although we do have a presence in both Fort Collins, Colorado and Phoenix, Arizona.  To learn more about how we can help you, click here to contact us today.