Small Business Accounting & Remote CFO Services

Entrepreneurs and small business owners have many choices when it comes to how to handle their accounting and financial management needs. In smaller operations, we find that owners appoint in-house bookkeepers, part-time CPAs, and sometimes large accounting firms. In some cases, owners handle the accounting and financial management work themselves! Each of these avenues present their specific set of problems. 

Businesses where a bookkeeper or office manager is responsible for maintaining accounting records lack the necessary checks and balances required to ensure accuracy, completeness, and timeliness of financial information. These internal control measures safeguard a company’s data, assets, and resources. Absence of proper internal controls exposes small businesses to errors, fraud, and theft. The Chandler Source mitigates the risks associated with inadequate internal controls. We observe and evaluate small business internal controls and create action plans to prevent misuse or mishandling of assets and improve the reliability of financial information. 

Some small businesses rely on a bookkeeper and part-time CPA to manage their financial matters. Although this scenario is popular, it does not guarantee good internal control nor is it the ideal way to stay informed. Typically, CPAs will provide no more than year-end closing and tax services to their small business clients. The Chandler Source works in conjunction with your staff and CPA to go beyond year-end reporting and tax filing. We provide monthly and quarterly reports and analysis to keep small business owners connected to the pulse of their business.  

Large accounting firms may seem like a logical choice for handling small business accounting and financial management. Large firms bring rich industry experience to their work but small businesses are usually not the primary source of large accounting firms’ income. A small business client is usually handed off to a junior accountant. One small business is just one of many, becoming an anonymous file on one of the many desks at a large firm. 

At The Chandler Source, every client is important. Knowing your business and industry is our priority and we stay engaged with your business throughout our professional relationship. Our clients have our personal contact information so that we are always reachable to discuss your financial matters. We value open lines of communication and strive for exceptional client service.

Good information leads to better business decision making. The Chandler Source keeps our clients ahead of possible financial pitfalls by staying connected. We conduct regular check-ins to keep our clients aware of industry trends and to arm them with a comprehensive awareness of their business health. By discussing the driving factors behind your financial data and with accurate, timely financial metrics, we provide our small business clients with a path for success and longevity. 

With small business failure rates at an alarming 50% by year five, adequate capital or funding is essential to small business survival. The Chandler Source provides small businesses with audit and administrative support needed to attain funding. We create winning investor presentations and negotiate loans on behalf of our clients. 

The Chandler Source is a cost-effective way to afford owners with the benefits of having a chief financial officer (CFO). Just a few ways that we help business owners - 

• We provide solutions for complex business challenges such as cash flow-issues, inefficient systems, insufficient capital, and low margins. 
• We resolve administrative, financial, and risk management operation issues with financial, operational, and exit strategies. 
• We utilize relevant key productivity indicators (KPIs) to answer your business questions. 
• We develop and monitor control systems to safeguard your company assets. 
• We report accurate and timely financial data. 

The Chandler Source helps small business owners achieve financial success and stability. Our small business accounting and financial management services are customized to address the needs of your unique small business and our remote CFO services offer a full range of accounting and strategic direction. We help our clients tackle their biggest business challenges in order to achieve long term growth and stability.

To learn more about our services, please call The Chandler Source now at (631) 659-2929, submit our contact form, or email us at Susan@ChandlerSource.com.