Virtual CFO. Plan. Our most comprehensive plan!

Transcription

1 Virtual CFO Plan Our most comprehensive plan! You want an infusion of high level financial strategy and you want all of the bookkeeping taken care of. This plan includes: Full strategic guidance & support Full bookkeeping Financial reporting on-demand Full access to advisors & resources Prioritized responsiveness We operate as a C-level partner of your business, using financial analysis to drive positive change.

2 Strategy Monthly Strategic Meetings: Will address profit review and elements listed below. Meetings will be held using Zoom, Skype or over phone. Year-End Profit Review: Financials and profit assessment. New profit assessment and goal planning. Quarterly alignment of financial policy with organizational goals Help articulating organizational goals (quarterly if needed) Selection of Key Performance Indicators (KPIs) to match organizational goals. Data reviewed quarterly. Selection reviewed annually Operational improvement - driving efficiency and profitability Organizational effectiveness - assessment of expenses, defining key roles, clarifying organizational structure, delineating decision-making processes and workflows, and cultivating leadership and organizational culture Growth strategy - increasing market share, extending product and service lines, and entering and building new markets Financial management and planning - optimizing cash flow and investing in growth Impact fund implementation and strategy consulting to maximize efficiency and effectiveness of purpose-driven funds (if desired)

3 Accounting Foundational work*: Including QuickBooks Online set-up or conversion from Desktop OR Xero set-up or conversion from QuickBooks. Up to one year catch-up reconciliations, if necessary (longer catch-up periods can be custom priced) QuickBooks Online or Xero management, including data downloads Monthly bank & credit card reconciliations Profit First 10/25 allocations Manage impact fund to control cash flow for purpose-driven goals Manage drip account to control cash flow from pre-payments Accounts payable: Input, and payment of vendor bills via bill.com or QuickBooks bill pay. (Bi-weekly). Reconciliation of accounts payable. Accounts receivable: sending of customer invoices. (Bi-weekly). Reconciliation of accounts receivable. Set up and track needed elements in accounting system, such as: contract phases, job costing, sub-contracting activity, company classes, company locations, accruals and prepayments, etc.

4 Cloud-based Software Collection of documents using SmartVault, HudDoc, Bill.com, and/or Receipt Bank 24-7 Access to accounts and real-time updates Quickbooks Online or Xero subscription & other accounting applications as needed Key Performance Indicator Dashboard Training, Support & Reporting Phone & support within 24 hours Profit First book & Unlimited access to Profit First University Kickoff financial review meeting Year-end review meeting: profit assessment (roadmap), assessment of financials, goal planning, performance assessment using KPIs 4 hours training for QBO or Xero & accounting apps Kick-off strategy series: initial meeting + 2 week, 30-day & 60-day follow-ups. Involves goal setting, Profit First evaluation, conversion & roll-out plan, and KPI set-up. Training on profit management and financial allocations Financial reporting on-demand *Requires annual enrollment ** For mission critical issues we will always get back to you ASAP

5 Let s Get Started! We would love to learn more about your business and discuss how we can help you take it to the next level. Set up a free 30 minute consult at No pressure. No strings. No sleazy sales pitch. Just curiosity about your financial challenges and answers to your questions. All proposals and pricing are custom designed for your business needs. (401) viridiananalytics.com ingrid.heilke@viridiananalytics.com