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Frequently Asked Questions

  1. What size companies do you work with?

    We have experience helping entrepreneurs start their business including business plans, proforma financial statements, assist in securing financing, setting up the accounting system, and other tasks as requested allowing the entrepreneur the time to focus on building their business. Most of our clients range from one to ten million dollars in annual revenue, and some projects have been performed for larger companies.

  2. How much time would you expect to spend at my company?

    The amount of time a part time CFO would spend is a function of several factors – all of which are under the owners control. Remember, we work on an as needed basis - , not as a full time person on the payroll. Factors such as: your existing staff, revenue, accounting systems, and business complexity, are major determining factors as well as the scope of services requested.

  3. Do you specialize in any particular type of business?

    We have a very broad base of exposure to a variety of business types. Our specialty is providing financial management on an as needed basis to business. Typically, the owner knows the uniqueness of their particular business but does not know, or have the time to commit to the financial side of running the company. The basic bookkeeping process is fairly standard for most companies. The next steps of generating meaningful financial statements, their interpretation, and recommendation for action is the added value a Part time CFO can bring to the business owner. As a part time CFO, we are experienced in working with the owner to identify key financial attributes for a business. Over the years Management Financial Services has worked with a diverse client group as their part time CFO and on targeted special projects including:

    • Mortgage banking
    • Transportation
    • Construction and renovation
    • Non-Profit Human Services
    • Manufacturing
    • Property management
    • Printing
    • Custom Cabinetry and finishing
    • Publishing
    • Auto body repairs and refinishing
    • Sales and Marketing
    • Day care and youth entertainment
    • Insurance Agencies
    • Service
    • Acquisition Due Diligence
    • Risk, Internal Control and Regulatory Reviews