Q & A
Q: What is the difference between a Controller and a CFO (Chief Financial Officer)?
A: The controller is an experienced accountant who is responsible for making sure the company’s transactions are properly recorded and that financial statements are generated every month. A CFO takes accounting results to the next level. While a controller fully understands accounting and accounting systems, a CFO will take a more forward look at the business by projecting, forecasting, managing cash flow, and planning for future growth.
Q: Is my company too small to benefit from Fractional CFO Services?
A: Not at all. The need for good financial management is not a function of size. Small companies as well as large ones benefit from the services of a CFO. With Steiner, companies of all sizes get the financial management they need when they need it, without the cost of a full-time employee.
Q: Can’t my CPA firm do what you are doing?
A: Not effectively. Most CPAs have not had the responsibility and corporate experience of a CFO. Most have never run a business or faced the financial or operational challenges their clients have faced. A good CFO, in addition to having strong financial skills, has first-hand experience wearing many hats including human resources, mergers & acquisitions, marketing, and contract negotiation.
Q: My company is running just fine. Why do I need Fractional CFO Services?
A: Even if your company is doing well, nothing is perfect. Efficiencies and margins can always be improved, providing a greater bottom line. Our part-time CFO Services are here to take companies like yours to the next level. Our CFO experts can work with your staff to help you make better decisions about your company’s future.
Want to know more about our Fractional CFO Services? Contact dsteiner@steinerbusinesssolutions.com for a FREE consultation.