The importance of accurate financial data cannot be overstated; even a small error within a business’ reporting can threaten the integrity of its financial standing. Accurate financials provide full transparency into the business, help to mitigate errors and catch costly mistakes, and build trust with investors, lenders, and other stakeholders.
Financial data should be insightful, as the ability to draw understanding from reporting is crucial for a business to stay competitive. When financial reporting is insightful, a business can better understand current and past performance, predict future outcomes, and make strategic decisions accordingly. Financial insight results from data that is timely, accurate, and relevant.
Financial data needs to be relevant in order for it to be useful in making strategic business decisions. Financial reporting should be relevant not only for external stakeholders, such as lenders and investors, but internal stakeholders—employees and executives—so that data can be used to meet organizational goals. Additionally, a business wouldn’t want to use a balance sheet from ten years ago to make next year’s financial goals, nor would a report of employee salaries be useful to a lender.
Financial data must be timely in order to influence business decisions. When financial reporting is consistently done in a timely manner, it provides the financial team, executives, and other stakeholders with an accurate understanding of how the business operates. For example, a business that can complete the month-end close process within ten days will have far greater insight into their operations compared to a business that takes several weeks to close out the month.
Our CFOs keep their eye on the future, making sure your business is ready to be the best it can be from today, onward. NOW CFO brings in-depth operational, strategic, and funding transaction experience. We maximize the value of our services by matching the appropriate level resource with the proper risk.
For everything from scale to profitability, our CFO will work with the rest of your executive team to keep your business on the right track. We offer reporting, business management, cash forecasting, and more. A full-time CFO can be expensive, but with NOW CFO, taking care of the financial future of your business doesn’t have to be.
A Controller focuses on every part of your business from today, backward. They’ll keep track of your reports, compliance, and financial management. After all, you won’t know where you’re going, unless you know where you’ve been.
The NOW CFO team of Controllers is here to provide the financial visibility and information you need to make better financial decisions. These consultants will oversee your accounting staff and emphasize accuracy and timeliness in your processing.
As of 2015, the average salary of a full-time controller was well into six figures. With NOW CFO, you only pay for the hours you need their services, and we take care of the rest.
Accounting Supervisor and Staff
Accounting supervisors and staff accountants are an integral part of our client services approach. This team carries the same goal as our outsourced CFOs and Controllers: your growth and success. Our firm provides affordable expertise targeting your specific business needs. They are well versed in multiple accounting systems, including Quickbooks, MS Dynamics, NetSuite, SAP, Hyperion, Sage, Navision, and many more systems.
An Accounting Supervisor is responsible for managing the staff accountants and bookkeepers to make sure that transaction processing is completed in a timely and accurate manner. A staff accountant is a full-cycle bookkeeper that is responsible for accurately posting all transactions into your general ledger. Also, the staff accountant is responsible for managing cash transactions to ensure adequate control is maintained, and issues are identified and reported to supervisors or the Controller on time.
Frequently Asked Questions
Are you a CPA firm?
NOW CFO is not a CPA firm. We pride ourselves on hiring expert accounting and finance professionals. Some of our professionals are CPAs and have worked in CPA firms in the past, so we do have the experience of CPA professionals. However, we do not file taxes or perform audits. Instead, we work directly with CPA firms to prepare your company for their work. If you do need a CPA, we know great firms and we’re happy to provide you with a referral.
What level of accountants do you have?
NOW CFO provides accountants at multiple levels, including bookkeepers, accounting managers, controllers and CFOs. We also offer specialists like cost accounting experts, merger and acquisition experts, lease accountants, public accountants and more. Our accounting and finance professionals have expertise in a variety of industries and software.
What is the minimum number of hours?
At NOW CFO, there are no minimums. We believe in tailoring our accounting and finance solutions to our clients’ needs. We put our focus on getting your projects done in a timely and accurate manner.
How do I cancel your services?
Since our engagements are on a project basis, our time together usually ends when the project is complete. If and when you’re ready to hire a full-time accountant instead of contracting a consultant’s services, we can provide you with qualified candidates. In the event that you would like to end the engagement early, we do ask for a 30-day notice so we can adjust our consultants’ schedules accordingly.
How do I know what my consultant is working on?
We prefer to send our consultants to work on site. This facilitates communication and eliminates unknowns for our clients. During the engagement, we have regular meetings with the client to set expectations and update the client on our progress.
We also provide our clients with access to our proprietary project management software, Qkly. Clients can see what their consultant is working on, get live updates about their progress and even use the instant messaging feature to get into contact with their consultant immediately.
How do we start the engagement?
Our trained sales team engages with every client, establishes the scope of the work they need done and agrees on a number of hours. From there, a start date is set, and the client is assigned a consultant that we believe is the best fit for them.
How do you charge for your services?
Each level of consultant has a different billing rate. We bill hourly and invoice every two weeks, like a payroll system.
We are committed to assigning you the right level of consultant for your needs so you can stay on budget and get the best service.
Services Offered Nationwide Colorado Springs, Colorado »
Hear What Our Clients Are Saying About NOW CFO
The speed and efficiency in which NOW CFO stepped in and got us back on track was amazing and took a load of work off me. Their professionalism and responsiveness are first class, and I cannot recommend them highly enough. They are top notch across the board.
We have been overjoyed with the talent NOW CFO brought us. We did not have the staff bandwidth and they have been the perfect fit for our growing company. We were able to find the skillsets we were looking for, and NOW CFO was able to find our unicorn.
NOW CFO was professional, knowledgeable, and courteous. They identified payroll fraud within our company, set up controls to make sure that time stealing did not continue and was instrumental in training our new admin.
NOW CFO has become an integral part of our management team. Since everything is cleaned up, we can move forward and look to the future instead of being stuck in the present. Would recommend them for any type of business.
Because of the current economic climate, it is hard for us to retain staff who are capable of the accounting and CFO work that is needed. We would highly recommend using NOW CFO because of their superior service, value, and business acumen.
From the beginning of our relationship, NOW CFO has made us feel like we are in good hands. Our former bookkeepers had created a mess and NOW CFO stepped right in and learned our software and cleaned up the mess rapidly.
Over my 25-year entrepreneurial journey I have worked with many consultants, but they always felt like outsiders. NOW CFO is different and felt like part of our team. They rolled up their sleeves and pitched in wherever it was needed. PRICELESS!
I am so glad we chose NOW CFO to help us with our accounting needs. Our controller level support has been phenomenal with the expertise, insights and commitment to our company. If we need anything, they are there and ready to jump in and help.