info@thecfoassociates.com
813.666.5015
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CFO Associates
Cloud-Based Accounting Services
Get Business Finances Organized, While Saving Time & Money.
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Access Real-Time Financial Data You Need to Make Insightful Decisions Anytime, Anywhere.
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Why CFO Associates?

 We are a group of CPAs and accountants that leverage best of breed technologies to streamline the accounting side of your business. This allows our clients to reduce their back-office costs, adding instant value to both operations and the bottom-line. We like to think of ourselves as a hybrid between an accounting firm and a tech company. By becoming experts in the latest accounting technologies, we are able to provide insight into our clients’ businesses they previously did not have. Behind the technology, lies our most valuable asset. Our human side. We pride ourselves on getting to know our clients’ operations while building a real bond with their management teams to become trusted and reliable advisers.

 

Back-Office Accounting

Real-time transactional accounting services for businesses of any size. Gain invaluable time and peace of mind, by letting us handle all of your accounting responsibilities, including accounts payable, accounts receivable, payroll, and taxes.

Increase Profits

Increase profits by outsourcing your company’s accounting cycle responsibilities to us, and reducing your back-office and payroll costs in the process. Ideal for businesses looking to operate leaner, with the added benefit of stronger reporting.

Safeguard Assets

Reduce the risk of fraud by implementing a check-and-balance system of electronic approval flows. Bills processed and ready to be paid are conveniently routed to the necessary person’s phone for approval, providing an extra layer of transparency into expenses.

Key Performance Indicators

We supply our clients with dashboards of carefully chosen KPIs to provide insight into the operational and financial aspects of their businesses. Constant access to real-time information allows for trends to be identified as they occur, and enables management to take action faster than ever before.

Social Responsibility

Help us reduce paper consumption and waste by adopting paperless technologies. Replace traditional checks and invoices with their digital counterparts, and store and file documents digitally for proper statutory compliance.

Cloud-Based Solutions

Harness the power of scalable cloud-based accounting solutions, and their ability to directly impact your business’ growth and mobility. Maintain constant access to crucial, real-time financial information from the convenience of any mobile device.

Industries

Real Estate

Hospitality

Medical

Wholesale & Retail

Professional Services

Startups

Real Estate

Coordinating and running multiple construction projects is difficult enough. Doing so with added responsibilities of maintaining accurate financials, while also trying to determine project profitability can quickly get overwhelming. At CFO Associates, we provide contractors and developers the accounting solutions they need for stronger project accounting reporting. Whether you account for your projects using the percentage of completion or the completed contract method, we are here to help.

Hospitality

Bar, restaurant, and hotel chains can be very management intensive. In order to succeed in the hospitality industry, you must put your customers first at all times. This reduces the amount of time available for management to account for and analyze their businesses thoroughly. Our team can help alleviate the stress caused by this fast moving industry and implement KPIs to have a pulse on all of your locations. We will handle everything from payroll to your taxes in order to ensure owners and managers can focus on operations.

Medical

The Healthcare system is changing so rapidly that accounting for medical practices has become a rather complex ordeal. Our team would be privileged to provide your doctors deeper insight into their practice’s operations and finances, and shoulder all of their accounting responsibilities. Our goal is to allow you to get back to what you do best, treat and help your patients. We create Profit Centers to review profitability by medical services, and provide KPIs such as revenue per patient, days in accounts receivable, and cash receipts as percent of sales that will help strengthen your management team’s reporting and decision making processes.

Wholesale & Retail

Whether you own an e-commerce business or traditional brick and mortar locations, we provide traders of goods with accounting services that enhances inventory tracking and visibility. Profitability analysis by item and categories of goods sold is performed to improve purchasing decisions and ultimately increase gross profits. Sales and costs can also be tracked by locations to review financial performance for individual stores.

Professional Services

Professional service firms’ biggest asset is time. Revenue is generated via billable hours, making time wasted on administrative and back-office tasks costly to firms. By outsourcing accounting duties to CFO Associates, firms are able to gain back time that can be directed towards servicing their clients while reducing payroll costs. We establish departments and cost centers for financial reporting purposes so partners can see which areas of the practice are performing better than others. By creating KPIs (Revenue per Employee, Revenue per Partner, Billable Utilization, ect.), your firm’s inefficiencies can be identified and corrective actions can be implemented.

Startups

Founded by entrepreneurial accountants, CFO Associates understand the early hardships that come with creating a business from scratch. The long hours and sleepless nights required to bring an idea to fruition can take a toll on founders, employees, and operations. We assist new and growing small businesses implement sound accounting systems that will foster strong reporting and tracking of expenses from the beginning. Rather than variable hourly rates, flat value based fees are billed, to allow for growing clients to budget and know exactly how much will be spent on accounting services. Proper compliance with payroll, tax, and accounting regulations is necessary for any business to succeed; let us help you get on the right track.