FAQ About My CFO Review + Book A Session and Save
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November 30, 2018How’s Your Financial Health? Tips to Get Healthy in 2019 and Why I Did a Swedish Death Cleanse
January 22, 2019
| I always talk about booking a CFO Review with me, so I thought I’d break it down and share some common questions about this process. As we near the end of 2018, gain some peace of mind when it comes to your numbers. How much time does Price Turner CFOs spend on a CFO Review? 1-4 hours, depending on the complexity of your books. How much does it cost? Cost depends on how much time is spent. It will be a customized price for your specific business. What benefits will I see What do you look at? Invoices, Accounts Receivable, Payroll, Bank Accounts/Reconciliations, Balance sheets and P&L reports, Credit Card statements, Liabilities (like sales tax), Validation and Consistency (misclassifications) and more. How do I send you everything? Everything is sent virtually. You can send me access to your accounts online and we can use file sharing. I want you to be comfortable throughout the process. I use software like LastPass so you don’t need to share passwords with me directly. How do I know my records will be safe? Integrity is my middle name. As a CPA, I follow a code of ethics and there is a confidentiality agreement in my contract. My company is bonded and references are always available. Trust is vital to me. My books are a mess; I don’t let anyone look at them, why should I let you? I won’t judge you and believe me, I have seen it all. I am here to help and my main goal is to make your life easier by providing advice on processes that will help you run your business more efficiently and catch any potential issues before you file your taxes. I have a bookkeeper, why would I need this? Having a bookkeeper is fantastic. I would be able to offer a second How many times do you find an error in someone’s books? 10 out of 10 times. What are some examples of errors you’ve found? -A check sent to a vendor they never cashed that the client claimed as an expense in a prior year -Misclassification of expenses (cell phone listed under rent, etc.) -Receipts counted twice (and income tax was paid on those double counted receipts) -A six-figure deposit from a personal account counted as income when it was actually a loan -IOLTA accounts not reconciled properly (a requirement for a lawyer) -Including sales tax paid by the customer as income -Payroll not cleared Book your session before December 31st and receive a 10% discount. Feel free to forward this email to a colleague or friend that could benefit. Or share to your social media network. Contact me with ANY additional questions. Happy Holidays and Happy New Year! Here’s to a prosperous, healthy and happy 2019. *If you’d like to attend the January, February or March PTCFO Breakfast Series, you can sign up right here. We’ve already held two and they have been amazing! Connections are being formed at the table and taken offline. No cost except what you order and no agenda, just breakfast and conversation. |
