Bryan Anderson’s Post

A fractional controller offers expert financial management without the full-time cost, ensuring your business's finances are in top shape. This flexible solution adapts to your needs, providing critical insights and strategic guidance for growth. Learn more in this article! #FractionalController #BusinessGrowth #FinancialManagement #NOWCFO #StrategicFinance #OutsourcedAccounting #outsourcedcfo

What does a Controller do? A Controller is responsible for maintaining the financial health and integrity of an organization by overseeing financial reporting, budgeting, internal controls, compliance, and financial analysis. They play a crucial role in decision-making processes by providing accurate and timely financial information to support the organization's strategic goals. Not only that, but they also act as internal financial advisors to the organization/business for areas relating to financial control and planning. And why does every organization need one? Each organization, either small or big, needs to have a system of financial reporting, financial control, planning & compliance in place. This is where the Controller comes into play. Controllers are generally expensive to have in place as they are very skilled and experienced professionals, most small and medium business can’t afford them. We at SDF Consulting can help you by acting as your controller, offering the same expertise at a fraction of the cost! Email us at arshad@sdfconsulting.ca to learn more about how we can contribute towards your business’s growth and sustainability.

🔍 Is your business maximizing its profit potential? Financial oversight is critical, but not every company needs a full-time controller. A part-time financial controller can offer the expertise and strategic guidance you need—without the full-time cost. Our latest blog explores how hiring a part-time financial controller can enhance your financial strategy, improve cash flow management, and drive profitability. Discover how to make smarter financial decisions with a fractional approach. Read more here: https://lnkd.in/geCeDwjA #Finance #SmallBusiness #FractionalCFO #FinancialController #ProfitMaximization #BusinessGrowth #TheFinanceGroup

Not having a finance team means you could miss out on critical insights and strategic direction for your business. But before getting a full time team for your business, you might want to try the next big thing. -> Getting a Fractional CFO-backed team. How does it work? Finding the right financial service that truly understands and meets the needs of SMBs can be really hard. (This gap is precisely what @frakfinance fills) We combine the essentials of bookkeeping with the strategic insights of a CFO. Here’s what you get: Past tracking: We handle your day-to-day financials meticulously, ensuring every detail is accounted for. Future approach: Beyond tracking numbers, we use them to provide monthly financial reports with insights, help manage your cash flow forecasts and assist with complex financial challenges. Frak Finance offers detailed attention to the finances you need and the strategic planning your business deserves when you want to grow. You get a complete team ready to back your business growth. We understand that SMBs, especially those making $1-5M a year, require diverse financial expertise that no single person can provide. That's why our team includes specialists in: -Bookkeeping: For accurate financial tracking. -Accounting & Controller: To ensure the integrity of your financial operations is always in check. -Strategic CFO Services: For high-level financial planning and decision-making. Save time and money. Ensure you have a CFO-backed team fully equipped to support your business growth. Don’t just look for a Fractional CFO. Choose a whole team that’s committed to your success.

Unlock the secrets to a financial controller's success with this comprehensive guide. #FinancialController #BlueprintForSuccess #FinanceStrategy #ControllerRole https://lnkd.in/gaYvBn8a

5 WAYS OUTSOURCING A CFO CAN GIVE YOU BACK TIME: 1️⃣ Expertise at Your Fingertips: Outsourcing a CFO brings specialized financial expertise to your doorstep. Imagine having a seasoned professional strategically managing your finances, freeing you up to focus on what you do best – steering your business towards growth. 2️⃣ Strategic Financial Planning: A dedicated CFO doesn't just crunch numbers; they craft and implement strategic financial plans. By outsourcing this role, you gain a strategic partner who ensures your financial roadmap aligns seamlessly with your business objectives. 3️⃣ Time-Effective Decision-Making: With a CFO on board, decision-making becomes faster and more effective. No more drowning in financial data; instead, leverage concise insights to make informed choices swiftly, enhancing overall business agility. 4️⃣ Compliance Assurance: Navigating the ever-changing landscape of financial regulations is complex. An outsourced CFO ensures your business stays compliant, reducing the burden of regulatory adherence and giving you peace of mind. 5️⃣ Focus on Core Competencies: Your time is precious; spend it on what matters most. Outsourcing a CFO allows you to channel your energy towards your business's core competencies, fostering innovation, client relationships, and overall company growth. If you outsourced your CFO, tell us how it's impacted you and your time!

Financial analysis =/= Financial reporting: 👉 reporting is focused on “so, what happened” 👉 analysis should be focused on “what does this mean and what is going to happen?” I’ve noticed these often get confused. I’ve had a lot of conversations where a management team is looking for an outsourced CFO, but when we ask “what do you need?”… …they might respond with “reporting and consistent financial data.” This can be a very tough distinction, though. If you just need financial statements and reports, you might just need a good Controller at your stage of growth who can make sure accounting data is solid and consolidated into financial statements. If you need profitability forecasts, cash flow projections, or insights into where the business might be headed and some recommendations on how to manage that roadmap, a fractional CFO might be the person. _______ Want to learn more financial techniques to bring to your organization? Download my free book linked in my bio 📕✌️

What is a ‘Virtual CFO’ ❓ We're here to answer that very question! A Virtual CFO (Chief Financial Officer) provides you financial expertise without the full-time cost. You’ll receive personalised support to help you ⬇️ ✔️ Get strategies to enhance your revenue and manage cash flow more effectively. ✔️ Navigate financial implications and ensure a smooth expansion. ✔️ Assess your business against competitors and identify areas for improvement. ✔️ Ensure you meet ATO and regulatory requirements with confidence. With a Virtual CFO, you pay only for the hours you need and get dedicated support tailored to your business’s needs. Have questions? Let’s chat about how a Virtual CFO can make a difference! 📲 . . . #passionbusinessadvisors #businessadvisors #businesssuccess #financialclarity #virtualCFO #bookkeeping #businessadvisory #xeroaccounting #growthstrategy #businessconsulting #smallbusinesssupport #accountingsolutions #strategicplanning #cloudaccounting #businessdevelopment 

Strategic financial planning at a company should be comprehensive. What role do budgets, forecasts, and projections play? Each of these financial tools is forward-looking. They all relate to each other. But they serve very different purposes. 🟨 Budgets Budgets should be tied to the strategic plan. They may be used to communicate targeted performance to outside third parties including lenders and investors. Embracing budget ownership by functional leaders is a key to encouraging fiscal responsibility and accountability. 🟦 Forecasts Rolling forecasts are among the most important tools for agile planning. They reflect current data and assumptions. And in contrast to budgets which consider strategic targets, rolling forecasts are more likely to contemplate what's likely to happen versus what's planned. 🟩Projections Projections are much like forecasts and may leverage them. They should be used when considering major decisions such as: Key program rollouts Other transactions Capex investment Facility expansion Capital raises Layoffs M&A Every company should invest seriously and fully in a rolling forecast. That may require going outside of traditional spreadsheet software and embracing a robust planning tool. Not every company may need a budget or projections. These definitions in this guide are my own. Agree or disagree? #seidmanfinancial