One of the features of BizFlo
that makes us unique is that we offer a complete accounting department service. While bookkeeping will take care of the day-to-day
needs of tracking the transactions of a business, often a more important need is the advice and guidance of a higher-level
Our staff is led by a former CFO of a local manufacturing business, with over 10 years of experience managing an entire
accounting staff. Additional experience includes accounting system conversions, multi-company consolidations, mergers and
acquisitions, international financial reporting, and providing strategic input from a financial perspective to the firm's upper
BizFlo customers can get the benefit of a CFO without the cost of a full-time CFO. We put together customized plans to meet the
needs of each client. A typical plan incudes quarterly meetings and additional hours to be used whenever needed. Quarterly
meetings include review of financial information, review of other key performance data, financial recommendations to achieve more
profit, and any other relevant discussions that the management wants to cover.
Many businesses turn to a CPA firm when they need high-level financial advice. But the hourly rates of a CPA firm are usually
much higher than our CFO services. And in cases where we work with a business on their bookkeeping and/or accounting software, we
are much more knowledgeable of the unique needs of the business.
Focus On Profit
The primary goal of most businesses is to achieve a level of profit that is projected at the beginning of each fiscal year. Many
businesses lose sight of this most-important-of-all goal when caught up in the busy day to day activity of a business. Our CFO
services keep the annual profit goal in mind with all recommendations and help not only to measure progress toward that goal, but
what areas are contributing to or harming progress toward that goal.
Cash Flow Management
One major benefit that a CFO can bring to the management of a business is to work on cash flow management. Most small businesses
are run on a cash basis and it is critical to perform cash flow projections to make sure the business can meet all its cash needs.
On the pro-active side of cash management, cash flow projections can help detemine timing and availability of funds to invest in
growing the business.
For businesses that are on an accrual basis, cash flow is often ignored until it is a problem. Also, many businesses have cash
tied up in assets that are not producing profit to the business. Our CFO services can help identify areas where non-producing
assets can be turned into cash or re-invested in ways that grow the bottom line.
Strategic Planning And Budgeting
The best teams in sports find that stepping on to the field with a great game plan helps achieve success much more than a weak or
non-existent game plan. Your business can be a bigger winner by developing a strategic plan for both the short and long term. And
if you are working with an older strategic plan, maybe it is time to revisit and update that plan.
BizFlo CFO Services can also assist with putting together budgets and forecasts. Again, without these tools, a business can be at
risk for achieving its desired profit.