Accounting, just like every other industry, has made great leaps in technology. Yet, most small business still hire in house accountants to complete their bookkeeping and reporting. Not only is a small business paying the accountant a salary, but they are also stuck with payroll taxes and the high cost of medical benefits.
TRUTH: Most small business accounting doesn’t require a full time employee
TRUTH: You can outsource high quality custom reporting
A virtual CFO can prepare your books without ever having to step foot in your office. My Virtual Accountant uses the best software in the industry to communicate with clients and securely transfer data and prepare your books. We can use this data to create custom reporting.
Imagine receiving a monthly profitability statement for each of your product lines or a sales manager analysis that shows you which employee gives you the highest return for their salary. A financial projection for your newest merchandise can eliminate costly new product launch mistakes and help you plan for the future.
A virtual CFO gives you the advantages of in house finance staff without the costs your competitors are paying.