Frequently Asked Questions
How much will this cost?
We base our pricing structure on hourly rates. We don’t charge a monthly retainer or fee per transaction because we want you to know that you’re getting the very best value for our services. You will pay only for the work we do for you. To make our partnership most cost-effective, we’ll collaborate with you to maximize resources and utilize current staff.
How will YourCFO integrate with our current staff?
We understand that every business is different. Each business has its own unique challenges and needs, that’s why we’ll work together to develop a strategy to engage your current staff and resources in the process. Our collaborative, team-oriented approach will make your accounting function as efficient and cost-effective as possible.
How do I get started? What is your process?
Feel free to either complete the contact form below, email us or give us a call. We will set up an initial call or meeting to get to know you and your business needs better. Based upon our discussion, we’ll provide you with a detailed, written scope of work as well as a cost estimate.
Is my organization a fit for YourCFO’s services?
Over the years, we’ve learned that the best matches between client needs and YourCFO services result in the most successful engagements. Thus, one of the most important attributes we look for in our clients is committed management: CEOs, directors, and program staff who are dedicated to the work of refining their financial management process and using financial information to make more informed business decisions.
I have a bookkeeper, but I need a higher level of oversight and expertise. Can you help me?
Yes. Controller and CFO-level functions are some of our core services, and we work well with clients who currently have their own bookkeeper.
I think my accounting function can operate more efficiently. Can you help me figure out how?
Yes. Helping our clients make the best use of their resources is one of our key strengths. Regardless of the scope of engagement, we work hard to identify more efficient accounting processes and procedures. As a result, you’ll generate more accurate financial statements, set more appropriate internal controls for safeguarding assets, and save more time and money.
Does your CFO do taxes?
We do not prepare any corporate or small business tax returns; however, we will close your books at year-end and coordinate with your CPA firm to provide information for tax and business planning. This benefits both you and your CPA, as we provide you with accurate financial information so that you can finish your taxes on time and make informed decisions for tax planning.
How does YourCFO fit in with my auditor?
We realize that audits can be overwhelming for business and non-profit managers alike. If you are subject to a financial audit, we can make you aware of what to expect and help you prepare. We have worked with several auditing firms in the Greater Pittsburgh Area, and we thoroughly understand the process. We will also assist with Single A-133 audits, which are required for organizations that receive a certain threshold of federal funds.
Does YourCFO process payroll?
We do not process payroll, but we can help align your payroll process with your financial management system. We’ll enter payroll into your accounting system, and we’ll set up and maintain payroll allocations by department, funding source, etc. Companies that process payroll have the capacity to follow IRS, state, and local tax regulations and timing requirements for tax deposits and payments. If you are a small business or a non-profit, then hiring a payroll company could be a cost-effective way to manage your payroll. Outsourcing would also unburden you of the responsibility of tracking tax filing requirements, completing payments, and submitting year-end reports.
What are the most common challenges and concerns you see small businesses and non-profits facing?
In our experience, small businesses and non-profits often express the similar challenges and concerns. Whether you are in need of accounting oversight, clear financial reporting, efficient and effective processes, cash flow management, or even if you are just growing too fast for your current team to handle, YourCFO is here to help. Have questions about what we can do for you? Give us a call.