Part-time CFO Support in Islandia, NY
As a business grows, the role of a financial officer becomes a crucial position in its operations. Depending upon a company’s situation, it may be more beneficial to outsource this role on a part-time basis instead of hiring a full-time employee. Ferrera, DeStefano & Caporusso Certified Public Accountants, P.C. offers CFO services in Islandia and throughout Long Island, including Hauppauge, Melville, and Ronkonkoma.
What Does a CFO Do?
A chief financial officer, or CFO, is an executive within a company’s managerial framework who is in charge of the monetary aspects of running a business. They are responsible for running the accounting department for entities that have these in-house, implementing and improving internal controls, and other functions that are key to financial decision making.
This role is critical to a business’ success because it allows one person to dedicate their full attention to the complex, time-consuming tasks associated with accounting, budgeting, and financial projections. While the CFO expertly handles these functions, you and any other executives at your company can devote your focus to your specialties.
How We Help
However, the resources spent to maintain this full-time executive position may not match the amount of support needed from a CFO. This challenge is solved by hiring Ferrera, DeStefano & Caporusso Certified Public Accountants, P.C. to fulfill the CFO role on a part-time basis. We help your company navigate difficult financial concerns at a more affordable cost than what is required to create a full-time employee of this status.
One of the largest concerns our firm addresses as your part-time CFO is bank financing. The establishment of a lending agreement between your business and a bank or other institution is much more complex than most entrepreneurs realize. There is a maze of regulations that a company owner must go through in order to successfully obtain an agreement that is beneficial for all parties. Ferrera, DeStefano & Caporusso Certified Public Accountants, P.C. acts as your guide in getting the loan it needs to succeed.
The Value of Our Expertise
Many business owners think they can handle their company’s financials on their own. They believe doing this will save them money.
Unfortunately, they don’t know what they don’t know, and they end up paying for it.
Corporate finances are a complex subject that requires expert knowledge to navigate successfully. Otherwise, your company is at a high risk for errors, penalties, and the need for more expensive accounting support. The financial experts of Ferrera, DeStefano & Caporusso Certified Public Accountants, P.C. have the knowledge and hands-on experience to prevent these punitive costs. Going without accounting support could cost your entity too much money, but hiring us as a CFO can save that money instead.
Contact Us for CFO Support
Ferrera, DeStefano & Caporusso Certified Public Accountants, P.C. provides part-time CFO services to businesses near Islandia. For more information about our business support, call our firm and schedule a consultation.