In today’s increasingly complex marketplace, there are far too many responsibilities for small business owners to keep track of alone. Due to this increased complexity, and the impact of new government taxes and regulations, the role of the CFO/Controller has grown significantly in recent years. Traditionally, this management position primarily focused on overseeing the accounting function of a corporation. Today, the CFO/Controller is much more involved in the company’s strategic planning and expected to keep the owner apprised of the performance of all departments, product sales, costs, profits, and internal control issues.
The cost of a full-time CFO/Controller is usually out of reach for most small business owners. Now there is a way to afford a part-time “virtual” CFO/Controller through Back Office Advisors. By outsourcing this function to one of our experienced professionals, our clients can focus on their core competencies to increase productivity and profitability.
As the CFO/Controller, Back Office Advisors assume all financial duties, including accounting, internal controls, budgeting, financial analysis, and financial reporting. Serving as the “ship’s navigator”, we warn the captain (small business owner) of current and foreseeable problems in the shoals of the business environment that lie ahead.