Running a successful business is tough. Running a successful business all by yourself is nearly impossible. That’s why we’re here. TenKey is Portland’s premier bookkeeping and accounting firm, and we offer a wide variety of services.
Many of our clients hire us to take over duties typically reserved for a CFO. Outsourcing CFO services have become extremely popular in recent years as an easy and cost-effective way to manage a business. Above all else, outsourcing helps you focus on what’s important—growing your business.
The CFO services we offer include:
Cash Flow and Revenue Management
As your CFO, it’s our job to suggest possible improvements that can maximize both your business’s cash flow and its revenue. We’re also here to help solve any issues you may have with cash flow by taking a deeper look into your company’s capital, debt obligation, and other pertinent financial components. One way we accomplish this goal is by utilizing cutting-edge accounting software and providing regular reports. Routine reporting can help reveal any glaring issues and potential for adjustments.
Financial Analysis and Modeling
Once onboard, we will take a look and assess your historical financial performance and compare that to any industry benchmarks and competitors. The correct financial analysis and modeling can help you make informed business decisions that accelerate growth. Ultimately, we want to maximize the bottom line..
Budgeting, Planning, and Forecasting
A good CFO should provide a realistic and practical plan for the future of your business that includes both short-term and long-term goals. You would be amazed at how few business owners keep track of their budget or projected growth, usually because they don’t have the time. Our CFO services include budgeting, planning, and forecasting to help improve your business’s financial strategy. Forecasting, in particular, can help us make minor adjustments that lead to significant gains.
Business Valuation
Generally speaking, a CFO should assess the monetary wellbeing of your business and take a deep dive into your financial records. Comparing your company’s performance with others in your industry should paint a more accurate picture of where you stand as a whole. Other reasons business valuations are important to include taxation, equity financing, and better financial reporting.
Ready to Outsource CFO Tasks?
Find out why more and more business owners are outsourcing their bookkeeping and accounting tasks! If you are interested in utilizing our CFO services, please call 971-220-6416, or contact us at HELLO@TENKEYLLC.COM to learn more. It’s time to take your business to even greater heights!
