CFO for Hire
We work with many businesses and serve on community boards, giving us the experience and insight on how to help businesses further and how to develop and increase profits.
We work with many businesses and serve on community boards, giving us the experience and insight on how to help businesses further and how to develop and increase profits.
Working with an experienced accounting executive has its distinct advantage when forecasting your cash reserves.
We will develop a cash flow model to indicate future cash flow volumes and positions for your business. We will also develop a template that is custom built for your business and visit each week or month depending on your needs.
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Break-even analysis
Businesses deal with cost fluctuation, sometimes on a daily basis. How do you know how to evaluate your break-even points?
Many business owners run their business on ‘gut feel’ for where their profit margins are. Break-even analysis is one of many helpful metrics that tell owners how their business is performing.
Your accounting doesn’t have to be complex, you just need to be aware of what metrics to look for. With a break-even analysis, you can develop a data driven report to indicate your break-even point for your business.
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Start managing your debt and leverage the ability to build wealth in your business.
One way to weigh down a business is through debt. It is very hard to service clients and motivate staff when the company is drowning in unpaid debts. It is very easy for debt to get out of control and most well intended business owners end up closing doors from the inability to recognize the signs.
If you would like us to help you manage a payment strategy to eliminate your debt we can help.
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A cost management system can keep you from over or under pricing in your business.
Where it is certainly a benefit to have experienced bookkeepers doing quality data entry, they can not always keep an eye on cost management for you. Just the difference in $1 to your cost per unit could be detrimental to your bottom line.
Knowing which costs are variable and which are fixed helps determine what can be easily controlled. We can help you determine which costs should fluctuate with your business volume, and which ones require more attention or control.
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>Why Good Sales Profit Margins For Small Businesses Can Fool You
Create a plan to become profitable and stick to it.
Creating a robust budget that truly reflects the anticipated sales and spend may not be your biggest challenge; however, we can help design your budget. We will help create reports to measure your performance.
At LUXA, our CFO partners with you to create accountability and visibility to meeting your budget goals.
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Small Business Bookkeeping Tips: Annual Profit & Loss Estimates