CFO stands for Chief Financial Officer.
Yes. In the current growing and competitive economy, it would be difficult to manage the accounting activities within the company particularly for start-ups or SMEs. These businesses would not be having a finance department of its own and may need to recruit staff. Growbox serves the accounting function, where we manage all the activities in a finance department from data entry to the generation of reports at an affordable cost. Hence on outsourcing, businesses save their time and save costs of recruiting new staffs. Outsourcing the finance function helps to improve the productivity of the economy.
CFO services provide the following expertise: (i) Overseeing and designing the accounting procedures, systems and controls, (ii) Training and supporting the staff within the finance department, (iii) Assistance on VAT, (iv) Preparing and monitoring the budgets and projections, (v) Regular reporting that supports businesses to make the best decisions,(vi) Cash Flow analysis
CFO services will help in accounting and business tasks.Some of the benefits to highlight - Save money along with experiencing the quality of work, Ensures internal controls are in place, Timely reporting on the financial performance, Managing the cash flows, Develop a good team of accountants.
CFO services offer small businesses financial expertise at an affordable rate. Some vital services to jot down -Suggests tips that help in improving your business, Preparing financial statements and interpreting them, Preparing reports relevant in making decisions for your business, Assists in budgeting and forecasting, Monitoring your progress against prepared budgets for any variances.
An outsourced CFO service would give you an independent review on the bookkeeping and accounting maintained within the finance department. This would give you the confidence to rely on the figures presented before you. Also, with regards to reporting, the CFO will bring all the reports that are necessary for your business. The CFO can help in more strategic decisions and implement control procedures.
Yes. A CFO develops a trustable relationship with the key personnel of your bank and provides all the reports and requirements required, to crack the best deals for the banking facilities.
