Your business accounts – profit, cashflow, budget, balance sheet and other reports – are a snapshot of your business. That snapshot should give you the tools to understand what is happening, where it’s not working, and what you need to do. That isn’t always what happens. Getting the most out of your financial information is where a vCFO can help.
Sometimes accounts are structured in ways that make it difficult to understand. Sometimes you don’t have usable reports on the most important parts of the business. And sometimes, because you’re not an accountant, it’s not clear what action you should take based on the numbers in front of you.
You can’t be everything to everyone in your business. If you’re struggling to setup your systems to give you what you need, or to understand or turn a report into actions in your business, you can get ongoing expert advice quite easily.
A vCFO is a contract external adviser with the expertise and experience of a Chief Financial Officer. That gives you access to the skills and experience usually restricted to bigger businesses at a fraction of the cost.
It means you can easily get help to:
All these things maximise your chance of long term business success. Rather than struggling with financial setup and interpretation, you can get the information you need to focus on providing products and services, and making sales.
Want to know more about vCFO services at Inline Partners? Book a free consultation with us.