VIRTUAL ACCOUNTING SHOW WHAT'S HAPPENING
VIRTUAL ACCOUNTING
SHOW
WHAT'S HAPPENING
Too often we hear from business owners iust how tough they have to function
to obtain the financial information they require. Often it appears like
accounting iust can not keep up, and it affects the business’s capacity to grow.
With SecureCFO Virtual Accounting solution, you’ll obtain the data you require
when you require it. We appoint individuals to your account who make use of
the current cloud technology and also tested processes to provide precise as
prompt information. If you need assistance, you’ll always be informed as well
as have somebody readily available to call on.
As a certified CFO, I bring a robust blend of expertise and accreditation to the table, ensuring that my strategic financial management not only aligns with industry best practices but also drives substantial value and innovation in the services sector. My certification is a testament to my commitment to excellence and my capability to navigate complex financial landscapes effectively, making me a trusted advisor in your journey towards greater profitability and business success.
INCLUDED SERVICES
SecureCFO Virtual Accounting subscription’s primary purpose is to inform. It may be combined with our Virtual Controller or Virtual CFO offerings to provide a complete, turnkey financial department for your company.
We also offer add-on services to extend its functionality in a way that works for you and your budget.
ACCOUNTING ACTIVITIES
We work with your staff to ensure invoices are properly booked to your general ledger software.
We review AR weekly and advise you on any collection issues. If you collect credit card payments, we will post those to your account.
We use Bill.com to digitize and automate all accounts payable. When a bill is sent to your Bill.com inbox, we will code it and route it for approval before payment.
We maintain the system and sync it to your general ledger software to ensure it is accurate and up to date.
We’ll set up invoices to be paid, you will make the payments.
SecureCFO will post bank and credit card transactions to your accounting software. After the end of each month,
we will reconcile those accounts to your bank statement.
We post payroll to your general ledger every pay period. If you add on our Job Costing service, we will develop a system to allocate payroll costs to customers each pay period so you can get accurate customer profitability. We require access to your company’s third-party payroll provider.
You’ll need a third-party payroll service as we do not administer (such as add or modify employees to your system) nor process payroll (initiate payroll, submit timecards, etc.).
We will provide quarterly financial reports to your tax preparer for estimated tax purposes, and we will provide year-end reports for your annual tax filings.
SecureCFO does not provide any tax return preparation services.
If you have any debt on your books, SecureCFO will ensure that principal balances are accurate and that the amount of interest expense is properly booked.
We will maintain amortization schedules and provide you those statements if requested.
We perform a “soft” close each month. We send you a listing of your transactions for the month so you can review and approve how we have classified your transactions.
We’ll reconcile all of your bank and credit card accounts. When complete, we’ll inform you that your financial statements may be viewed in your accounting software.
REPORTING ADD-ONS
Your monthly financial statements include an Income Statement (month and year-to-date), balance sheet (current month)
and statement of cash flows (year to date) and are available after each monthly close.
We include a customized dashboard with key financial indicators that will be updated throughout the month as accounting transactions are processed.
The cost of the software we use is included in our price to you. We use Reach Reporting for QuickBooks Online and SageIntaccts native dashboard.
ADD-ONS
This service is for companies with no in-house resource to perform customer invoicing. We’ll create and send up to 25 customer invoices per month.
You’ll still be responsible for collections. As the business grows, we expect you’ll have an in-house recourse dedicated to customer service, including invoicing.
We’ll process the annual Form 1099 required to be sent to certain vendors you pay, such as independent contractors.
SecureCFO does not prepare or manage sales taxes. We partner with Avalara, a leading provider of sales tax management.
We run their free tool to determine if you may have a sales tax liability, then refer them to you to manage sales taxes.
We interface with them when needed and keep you informed as to their progress.
This service is for companies that purchase finished goods for resale. We’ll set up items in your accounting software and maintain proper inventory units and values at the end of each month. This service requires online access to your company’s inventory management system.
HOW IT WORKS
We work on accounting transactions at least two to three times a week.
Each subscription allows for a 15-minute meeting with a Virtual Accountant
per week.
We communicate with you regularly as we work on your account. SecureCFO
au ments our internal staff to provide uidance and support.
TECHNOLOGY
Accounting Software:
QuickBooks Online or Sage Intacct
Accounts Payable Processing:
Bill.com
Dashboards:
Reach Reporting
Workflow:
Monday.com
PRICING
We offer fixed weekly subscription price based upon your company’s annual
revenue and the number of employees and subcontractors you employ.
There are no long-term contracts and you can cancel anytime.
WHAT MAKES ONE
FIRM OF ACCOUNTANTS
DIFFERENT
FROM
ANOTHER ?
Is it even possible when they all appear to deliver broadly identical
services and their employees are trained in the same homogenous
fashion ?
The top business minds tell us that differentiation is the key to success.
So, how can it be that a firm such as SecureCFO has survived?
The answer is simple; it’s all about OUR ATTITUDE & OUR METHOD!
OUR METHOD -
BUSINESS OXYGEN
Whether you’re in the early stages of growth, scaling up, a maturing business, you will find that SecureCFO’s relationship driven ethos compelling to helping you overcome the financial, and business issues you may face.
This unique method to service delivery is based on putting people first and can be summed up in three words; Integral, Essential & Chemistry.
INTEGRAL
Integral to your future
You need a financial partner who will be an integral part
of your business. Our partners and teams draw upon their
wealth of experience to save you time, money and stay
compliant with ever changing legislation.
By providing insight and access to vital management
information, this keeps you informed of performance
and in control of profitability. That way you can see the
opportunities for growth and how to achieve it.
ESSENTIAL
Essential elements for your success
By acting for a wide variety of organizations, we have
developed an abundance of skills that are the essential
elements to improving back office operations and
achieving greater efficiency.
We can handle these compliance matters on your behalf,
freeing your time up to focus on running the company.
You can then work on your business, not just in it, placing
you in greater control of your destiny.
CHEMISTRY
Chemistry - The natural bond between you & us
Our firm distinguishes itself by the quality of its personnel.
Investing in the right blend of people, training and
technology means we enioy lasting relationships with our
clients based on delivery, trust and chemistry.
It is the reason why SecureCFO and our clients have
thrived in even the most challenging economic
environments
