Virtual Fractional CFO Services
Fractional CFO services and advisory support from Reconciled gives you the power of high-level financial management without expanding your team.
How our Virtual CFO Advisors deliver
Reconciled advisors will sit down with you to understand your business. They will advise exactly what financial management and strategies will help you towards your next business goal. The daily work is customized to each business. The process is fluid based on the projects and priorities that come across your desk. Some of the areas where we frequently provide support are:
We will define the low points and opportunity areas to more effectively manage your cash as a business.
Profit Margin Maximization
Are you charging enough given your expenses? We will review your current pricing to determine if your products or services are priced appropriately to maximize profits.
Video calls with your advisor and specific recommendations based on your business performance and goals.
Assist in the fundraising process to secure your business’s continued growth. We do this by collaborating on the preparation of the pitch deck with the leadership team and representing the financial expertise to investors and institutions.
Our team will write and submit grant requests for your organization. Additional service to keep apprised of other grant opportunities for your organization.
Will prepare a quarterly budget and measure performance against that budget to keep the business on track.
Employee Retention Credit
We will submit or amend your business taxes to include ERC (if you qualify).
Our CFO Experts Get It
Unlike other accounting firms who will set you up with a tax focused CPA disguised as a CFO, our CFO Advisors are serial entrepreneurs, fundraising experts, and business leaders. They understand your priorities, and how to get your business to its next milestone. We have over a dozen advisors on our team with diverse skillsets.
Meet some of our advisors:
- Food and Beverage
- Consumer Packaged Goods
- Design and Implementation
- Non Profits
- Business Restructure
- Social Media
- Private Equity
- Financial Modeling
Advisory and Fractional CFO Services to Suit Your Business Goals
Your growing business needs more than basic accounting. With Reconciled CFO, we will pair you with an industry expert advisor that can help you understand your businesses financial performance. Also, they can make specific recommendations based on expertise, best practices and under-exploited opportunities. Their advice will increase revenue, and reduce expenses.
Whether you are looking for monthly strategic overviews with an expert, custom reports, early stage financial modeling, or deep dives into particular revenue streams, or financial projects, CFO services with Reconciled has an advisor for you.
Our Tailored CFO Services Mean Scalability
Many young businesses are riddled with opportunity to benefit from CFO support, but are not in a position to shell out a 6-figure salary to a full time CFO. At Reconciled, our clients aren’t cookie cutter businesses. Every client relationship is unique. We tailor our services to your business, exactly where you are at today. Also, we can easily scale that support up as your business grows. This means providing a CFO resource that suits your budget and needs.
Growing Visura.co takes a lot of my time and focus which is why I need trusted advisors like Reconciled It. They solved an immediate problem when I was searching for someone to manage the startups’ finances at a time when we could not employ a full-time CFO. Signing up was the best decision I made.
-Adriana Teresa, CEO & Founder of Foto Visura
What does a CFO do?
A CFO (or a “Chief Financial Officer”) is an important resource when is comes to establishing and maintaining strong financial performance in your business. CFOs are responsible for monitoring the financial behaviors of the business to understand when changes need to be made, or opportunities are ripe for execution. They are often the first line of defense to identify and prepare for financial challenges, like a cashflow crunch or rising cost of goods.
With the right business, and the right financial manager, engaging a CFO is continuous ROI for the business, which is why most of our client who start with modest CFO advisor packages, quickly scale those engagements up.
How do I communicate with a Remote CFO?
Reconciled uses cloud accounting technology and tools within the cloud accounting ecosystem, and can digitize almost any paper process. In our CFO relationships, we believe face time and familiarity go a long way. Our CFO advisors regularly meet with their clients via phone, and video conference, and share information back and fourth using best in class technology, like QBO, Google Drive, Office 365.
What if I want someone on site?
Reconciled specializing in cloud accounting, and we provide our services 100% remote. Some business owners feel more comfortable with someone on site, however by performing our work remotely, we can focus on digitized processes that improve accounting operational efficiency and reduce the cost of providing accounting support. Our remote work culture at Reconciled is a “Video-On” philosophy, with means we utilize technology like video conferences and shared online workspaces and applications to get face time with our clients.
That said, in certain circumstanses, we will provide advisory or enterprise support on site. Connect with us today to find out more about how we can support your accounting needs, or to get specifics about site visits from advisors.
Is cloud accounting safe?
Cloud accounting has become an cornerstone in the accounting and finance world. While cloud services may have been vulnerable years ago, technology has made leaps in the security available to cloud based products. At this point in time, if someone holds a bank account, or uses credit cards from any large or small institution, their financial information is likely already in the cloud – even if you dont access it personally in the cloud.
Reconciled only engages with accounting technology that provides the security neccessary to protect all of our clients. As a partner of Xero, Intuit Quickbooks, and Sage Intacct, the tech we leverage is of the highest quality and is provided by firms renouned for their cloud development teams, and the security in their platforms.