Dallas/Fort Worth
A Chief Financial Officer ("CFO") is generally responsible for all finance and accounting functions within a company. Their portfolio includes the treasury and accounting departments. The Controller generally is responsible for managing the accounting department and reports to the CFO. In small to medium-size companies, these distinctions are often blurred or non-existent. One person performs both roles.
As companies grow, their needs become more sophisticated and diverse. Companies often find themselves in the "Catch-22" situation of needing to bring on board additional expertise but either can't attract the right people--or can't afford them. In modern environments, a candidate with accounting credentials is simply not enough. In order to be useful, these individuals also need an in-depth understanding of the software solutions being utilized.
At David Boehm, CPA and Company Inc., we are dedicated to providing top-notch accounting/IT consulting services to our clients. We specialize in providing fractional CFO/Controller expertise to companies that utilize MS-Dynamics 365 Business Central or QuickBooks as their ERP solution.
Our level of involvement is usually provided on a monthly retainer basis in order to smooth out your monthly costs. However, we can also provide this service on an hourly basis. Our fees are based on the degree of involvement needed in your business. This can range anywhere from providing a monthly reporting function, to becoming involved in the company's day-to-day operating activities.
The kinds of activities normally engaged in by a fractional CFO/Controller include:
As you may already have discovered, financial reporting and analysis can be especially challenging in a multi-company environment. We make extensive use of Power BI and Fathom to address these issues.
In the "Monthly Reporting Example" pages on our website, you'll see an example of the kind of monthly reporting packages we provide to our clients.