Reliable CFO Services in Abbotsford
Hiring a full-time CFO is a big commitment for a small business. However, knowing the state of your businesses finances is crucial for growth and being able to make informed decisions.
If you own a small to medium sized business and want the financial insight and management without the cost of hiring a full time employee, then your’re in the right place.
Plyo Bookkeeping provides Fractional CFO services in Abbotsford for businesses that need experienced financial support without hiring a full-time CFO. We can help with financial modelling, cash-flow forecasting, management reporting, budgeting, strategic decisions, and other financial projects that go beyond regular bookkeeping.
CFO Abbotsford Pricing
At Plyo, we pride ourselves on provising transparent pricing without hidden fees. The majority of our CFO work is billed hourly.
Our fractional CFO services in Burnaby start at $150 per hour.
We keep track of the time spent on your account and can work within an agreed budget or number of hours. For one-off projects, we can also define the scope before getting started so you have a clearer idea of the expected cost.
Do I Need a CFO Service?
A lot of smaller businesses looking for CFO services actually need better bookkeeping, reliable monthly financial statements, and someone who can explain those reports when questions come up.
Our monthly bookkeeping packages already include accountant-reviewed financial reports, two Fractional CFO consultation sessions per year, and one custom financial report such as a budget, forecast, or KPI tracker. For many businesses, that’s enough.
CFO support tends to become more useful when the financial questions get more complicated. If you’re not sure what level of support you need, contact us! We will walk you through all of your options and provide recommendations.
Our Fractional CFO Services in Abbotsford
CFO work varies significantly from one business to another. We’re not trying to sell you a standard bundle of reports you don’t need. We start with the problem or decision you’re trying to solve and work backwards from there.
Some of the areas that we commonly help businesses with include:
Cashflow Forecasting
Most businesses will at some point need to keep a closer eye on their cashflow. This becomes especially true when you are growing. With growth comes new employees, bigger purchases, more inventory, which all require spending more money. We make sure that your business has the resources to make these expansions. We can prepare a cashflow forecast that takes into account your expected sales and expenses, as well as upcoming items that won’t yet appear in your accounting records. This gives you a clearer idea of how much cash you’ll have available over the coming months and whether there are any potential shortfalls to plan for.
Management Reporting and KPIs
As your business grows in size and complexity, there will likely come a point where a basic profit and loss statement and balance sheet no longer give you all the information you need. We can help build more detailed management reporting around different areas of the business, such as departments, locations, products, services, projects or sales channels.
We can assist in deciding which KPIs are actually useful to monitor and then incorporate them into your regular reporting. The aim is to give you a set of reports and metrics that help you understand what’s happening in the business and make better decisions.
Financial Review & Strategic Advice
Financial reporting is only useful if you do something with the information. We can help you interpret your numbers and assess the financial impact of major decisions. Our Fractional CFOs in Abbotsford give you someone who can question and challenge your assumptions before you make a major commitment. We can act as an advisor and sounding board, helping you look at the risks, costs and potential returns before deciding which direction to take.