As an example, in 2020, many organizations created COVID-19 impact scenarios, where growth decreases month over month. Planning for multiple scenarios is necessary but time-consuming, so outsourcing this task can give you back valuable hours. Before a business’s initial public offering (IPO), a startup can outsource many of the primary responsibilities of a CFO to a knowledgeable expert without sacrificing accuracy. However, it’s important to remember that every business is different. Before outsourcing, make sure you understand what your CFO offers (and their limitations).

Clerky primarily serves the startup industry, providing solutions designed to avoid problems during due diligence. We have been engaged with Preferred CFO for about a year now and have been very happy with our investment thus far. Our CFO, Wes, has been a delight to work with and is extremely competent in all areas of finance and accounting.

  1. In addition to financial services, Preferred CFO also offers outsourced HR services that optimize employee performance and satisfaction in alignment with financial strategy.
  2. We knew we needed experienced leaders to make this happen and we found precisely what we were looking for with Preferred CFO.
  3. The company offers a range of services including company formation, fundraising, hiring, and commercial maintenance, all aimed at helping startups navigate legal paperwork safely and efficiently.

An outsourced CFO solution can help you establish and track the unit economics for your business model. For SaaS companies, this usually involves looking at the average revenue and costs per customer. The CFO will likely monitor the ratio of customer lifetime value (LTV) to customer acquisition cost (CAC) to show how sustainable your business is, and to indicate ways you can improve profitability.

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When you run a small business, you’re often familiar with the idea of hiring an accountant to prepare your taxes or speaking with someone at your bank about financing needs. Kyle is an experienced CFO with over 20 years in financial and audit management. His expertise includes financial forecasting, budgeting, and cash management.

Welcome to our insightful webinar featuring Tom Applegarth, a renowned expert in the field of Human Resources and our expert Outsourced Human Resources Manager at Preferred CFO. In this webinar, Tom shared with us his valuable strategies and insights for HR success in 2024. This session was designed for business leaders to align HR strategies… Ray Ratan is an experienced CFO with exceptional success in the SaaS industry. He is equally adept at leading companies that have less than $1M in revenue and companies that have…

Having key financial documents on hand means you can respond immediately to requests and avoid the embarrassment of looking disorganized. Plus, your outsourced CFO will review and confirm the accuracy of your key monthly financial statements — Profit & Loss (P&L) or Income statement, Cash Flow Statement, and Balance Sheet. At Zeni, we employ a full team of financial professionals who have worked within dozens of industries and business models. By leveraging the experience of our team—and understanding the unique needs and expectations of each client—we’re able to provide precise guidance for meeting goal outcomes at an affordable rate.

E-Commerce Bookkeeping: Key Points to Consider in a Bookkeeping Solution

The company offers free consultation to prospective customers, as well. Pilot provides bookkeeping, tax, and chief financial officer (CFO) services to startups and small businesses. It manages users’ financial recordkeeping, including invoicing, expense tracking, bank reconciliation, and more. It prepares users’ taxes and provides financial expertise and guidance to make informed business decisions.

It offers several financial services solutions, ranging from accounting to bookkeeping to CFO duties. It has an extensive network of outsourced CFOs available, each with a unique skill set to match up with different clients. Some of these CFOs are experts at scaling businesses, from zero impact to international entities. Others focus on early growth strategies to get startups off the ground. Many of the CFOs for hire are financial modeling experts who are adept at creating reports and forecasts. Clients can find CFOs at Kruze Consulting to solve the deficit that any startup may be facing.

Talk to an Outsourced CFO Today

We offer enterprise-grade financial horsepower to growing companies – fueled by state-of-the-art technology and fifteen years of insights gained from the experiences of some of the country’s most iconic startups. Many companies to choose propeller outsourced cfo hire an outsourced CFO when they are planning to raise capital, anticipating a merger or acquisition, or are preparing the company for a successful exit. Tom is a knowledgeable finance leader with over 30 years of experience.

Pilot is a provider of back-office services, including bookkeeping, controller services, and CFO services. Pilot is not a public accounting firm and does not provide services that would require a license to practice public accountancy. We’ll provide direction and support when it comes to growing your team, evolving your services, or shifting your pricing strategy.

We look for individuals who share our values and passion for helping entrepreneurs bring their vision to life. Fill out your information below and we will be in touch shortly to answer your questions, discuss your business needs, or to provide a free financial consultation. Deciding whether and when to sell your business is a significant and complex decision that should not be undertaken lightly.

Outsourcing some of the work can help you maintain a reasonable budget, particularly if your finances are relatively simple. With experienced talent in specialized roles and the flexibility to adapt as your needs evolve, we are your long-term partner in growth. Let’s look more deeply at the idea of an outsourced CFO and how having one could benefit your business. Bringing in a finance expert doesn’t have to mean hiring an expensive corporate officer. As your company grows, consider leveraging an outsourced CFO to get the guidance you need, at a price your company can afford.

Some articles suggest using an outsourced CFO solution to handle fundraising for your startup, however, we don’t recommend doing this. Investors are usually buying into the story of the founder’s vision, so it’s the founder who should be meeting with investors and developing relationships, rather than a representative from an outsourced CFO solution. Where outsourced CFOs can help with your fundraising is by preparing documents, slides, and financial models you can take into investor meetings.


The average CFO makes over $300,000 in annual salary, plus additional compensation in bonuses, equity, and perks. For many startups, that kind of hiring investment simply isn’t possible. Even if the company can absorb the expense, the opportunity cost can be prohibitively high – that’s money that isn’t going into the rest of your business. The company helps to launch and run a United States business, incorporate a company, access one-click growth tools, stay compliant and manage as per business needs.

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