If your company has become large enough that you have the need for a CFO on staff, but you can’t afford one with your small business budget, consider “renting” one to fill this role. Our Padgett Business Services CPA can act as the CFO for your company, guiding your employees and enacting certain standards until you can afford to hire a permanent one. While you might think this service would be expensive, it’s actually affordable enough to fit into a small business budget.
To learn more about our part-time CFO services at Brentwood-based Padgett Business Services, give us a call at (615) 235-5558.
Why Do You Need a CFO At All?
You might think that your company can get by without a CFO, especially if you have accounting professionals on your staff. But in reality you need one the most when you have a hired accounting department, even if it only has one person in it.
A company’s accounting department is in charge of many critical aspects of the business, including general accounting, payroll processing, bill paying and more. Your bookkeepers might be great at what they do, but they probably do not have the experience or wealth of knowledge that they need. Bookkeepers are not accounting or tax pros and they need some oversight.