Virtual CFO Pricing
Your Company needs to focus all your energy on your tasks, to achieve your goals and gain more growth. Leave the number crunching to us. From handling your day-to-day accounting, timekeeping, payroll, and even cash flow. To forecasting and meetings as well as reports that are customized only for your needs. Through our help you not only ensure your present accounting but you are future-proofing your company.
It’s time for you to inject new life into your business by allowing us to master your accounting. Pick your package to financial growth and full service accounting.
|Minimum Monthly PriceThe Monthly Price is based on the size of the company, revenues, number of employees, indirect expense rate subject, government agencies, contract types and the complexity of the company’s reporting requirements.|
|Online Support We will provide unlimited online and telephone support for any questions arising during the month.|
|Monthly Financial Statements We will provide a monthly financial reporting package that includes a Comparative Balance Sheet, Comparative Income Statement, Statement of Cash Flows, Budget vs. Actual Report, AP/AR Aging Reports, and Accrual Calculations|
|Indirect Rate Calculations We will calculate monthly and year-to-date Indirect Expense rates for the Company based on the adopted Indirect Rate Structure for its’ government contracts and grants.|
|Month-End Closing We will prepare the monthly expense accruals, Balance Sheet account reconciliation, bank account reconciliation, credit card reconciliation, depreciation calculation, vacation accrual calculation, accrued payroll, job cost reconciliations, adjusting journal entries, review of potentially unallowable expenses per FAR Part 31|
|Indirect Rate Monitoring We will review update the Indirect Expense rates for actual expenses and run out the budgeted expenses for the year-end to calculate an estimated year-end rate. The estimated year-end rates will be compared to the annual provisional billing rate used throughout the year and determine if the company is over/underbilled for its’ indirect expenses. If the rates will result an a significant over/underbilled amount, we would then recommend submitting a revised provisional billing rate to the Government.|
|Project Performance & Monitoring We will review project costs by cost element to the budget costs for the project to determine any budget variances and available funding on the project. The project costs will be reconciled to the company income statement to assure all direct costs are accounted for in the Cost of Goods Sold and all indirect expenses are properly allocated to projects.|
|Financial Meetings We will meet with management to discuss financial reports and program specific reports either virtually or in-person.|
|Company-wide KPIs We will prepare the critical KPIs identified by the company to help monitor the operations of the company and its’ profitability and efficiencies.|
|12 Month Forecasting We will work with Management to develop a 12 month rolling forecast of revenue and expenditures for profit/loss estimates as well as indirect rate forecasting.|
|Cash Flow Management We will monitor the cash flow of the company as well develop a cash flow forecast based on the 12 month rolling forecast to consider payroll, accounts payable, accounts receivable turnover, estimated taxes, equipment purchases critical to the operation of the company.|
|Revenue Recognition We will prepare unbilled receivables and billings in excess of cost calculations on Cost-Type contracts and percentage of completion on any Firm Fixed Price contracts.|
|Customized Reporting We will prepare any custom reports from the underlying accounting records that Management would like to see on a monthly basis.|