PCF Consulting ...the language of business
         PCF Consulting                     ...the language of business

Virtual Controller & CFO

Perhaps you have heard the saying, “Failing to plan is planning to fail.”  Like many proverbs, this one has some truth behind it. Did you know that 40% of start-up businesses fail within two years, and roughly 50% of small businesses don’t make it past their five-year anniversary? In contrast, businesses that execute a plan typically experience sunshine and grow 30% faster than their competitors. While there are many determining factors impacting the level of a business’ success, diligent financial planning is directly linked.

Many successful owners and managers have excellent entrepreneurial, sales, and/or customer service skills, but they lack a background in finance and accounting. And, let’s face it, running the business is much more fun than “bean counting,” especially with today’s ever-changing accounting rules and tax legislation. Plus, even if business owners have a knack for the financial aspects, growing businesses often reach a point where their financial needs become more complex and require professional financial advice. However, the cost of hiring a full-time CFO or controller can be significant when considering a full-time salary, bonuses, and benefits.

When comparing and contrasting a full-time position with a virtual controller or CFO, consider that the virtual positions perform at a similar competency level of a full-time position but typically at a fraction of the cost. Additionally, virtual CFOs or controllers:

  • Work only when you need them, but still provide similar timely, accurate, and insightful financial reporting.
  • Provide a depth of knowledge in finance and accounting, and if associated with a CPA firm, access to that firm’s resources.
  • Assess the organization’s efficiency and provide recommendations for improvement.
  • Assist with strategic transactions, financial processes, business plans, and budgeting.

PCF Small Business Consulting and Management Services

8721 Santa Monica Blvd, #17

West Hollywood, CA 90069

+1 (213) 261-7618 +1 (213) 261-7618

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Our business hours (PST)

Tuesday - Thursday10:30 AM - 05:30 PM
Monday and Friday appointments for existing Contract Clients only.

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