RAH!CFO brings the skills, knowledge, and expertise of a corporate accounting department to the small and medium business market.
As a small business owner you have a lot to worry about and juggle.
Engaging RAH!CFO frees up your time so you can focus on your customers and operate your business. We act as your accounting department, offering affordable bookkeeping, accounting, and Controller/CFO services and solutions. We also help clients obtain loans and credit when they need it.
When you work with RAH!CFO it is like having a complete accounting department available to you, even if you’ve only brought us in to handle your bookkeeping. That’s because our bookkeepers have access to our accountants, controllers, and CFOs, who are all in the same office. With RAH!CFO your business gets better answers and better service, much faster than a stand-alone bookkeeping company can provide.
Our work typically leads to deeper strategic conversations about improving profitability, or turning around a struggling business. That’s because we provide financial, accounting, and bookkeeping services that start and enhance strategic conversations about improving your business. We empower you to take the actions that lead to growth.
RAH!CFO helps business owners keep their finger on the pulse of the company’s financial health while continuing to focus on day-to-day operations. We identify your needs and we do the work so that you can do what you enjoy and are good at: Focusing on your customers and growing your business.
RAH!CFO can help you with all of your back office needs with our comprehensive range of services. Take a look at some of the problems that our clients have had in the past and the creative solutions we’ve provided to help!
RAH!CFO can help you with all of your back office needs. From fractional CFO services to bookkeeping, administrative/HR and controller services, RAH!CFO can handle it all. Take a look at some of the problems that our clients have had in the past and the creative solutions we’ve provided to help:
A PR agency came to RAH!CFO, telling us they were having problems with their cash flow. When reviewing their Balance Sheet, we noticed they had over 20% of their annual sales in open receivables from their customers!
The team here at RAH!CFO was able to help improve our clients cash position by changing their billing practices and contacting the key customers who were responsible for more than 60% of the open balance. Now, receivables are paid within 45 days and we are working on improving their debt management in an effort to further improve their bottom line.
Are you collecting all your receivables in 45 days or less from when you completed the work?
A CPA firm contacted RAH!CFO and informed them they had a customer who‘s employee had been stealing from the company. To ensure that this could never happen again, RAH!CFO implemented new procedures and a system of internal controls to help protect the company’s assets. In doing so, RAH!CFO has become the outsourced accounting department for this client.
An extermination company had such inaccurate reporting they had a hard time understanding if they were making money.
Sometimes records are poorly maintained and expenses aren’t recorded correctly. While this is self-explanatory, the team here at RAH!CFO will review your historical records and ensure that all information is correct.
What would happen if you miss the deposit deadlines for your tax payments or 401k plan contributions?
We had a client who did not remit payments on time for their 401k plan. To remedy the situation, penalties and lost earnings had to be accounted for.
RAH!CFO accounted for all the issues and was able to enter controls that automated deposits through the payroll company which relieved unnecessary stress.
Is your company swimming in debt? Are you overpaying with high credit card interests when the prime rate is under 5%? These are often areas where companies mismanage their liability, and can bankrupt your company if not handled properly!
Here at RAH!CFO, we can provide a solution to debt management. The solution is placing cost controls, fighting for lower rates, managing your cash carefully and to place emphasis on the most profitable part of your business segment. We can design and implement plans that are uniquely designed to work for your company.
Key Performance Indicators, or KPIs as they are commonly referred, are the vitals of your business that you need to understand. KPIs are often known as a “dashboard” because of the various controls and dials that you would normally see on a car dashboard. The speedometer – how fast are we moving? The oil gauge – do I need to add oil? Gas gauge – is my tank full or do I need to get gas?
Here are some KPI’s that RAH!CFO uses for our clients:
Daily cash position
Days sales outstanding (DSO)
Customer receivables
Rolling quarterly sales
Sales orders booked not yet billed (Backlog)
At RAH!CFO, these KPIs are not al-a-carte menu items. We carefully develop each item to ensure that it meets the needs of our clients. In the initial phases of working with RAH!CFO, we will start on the ground floor of your company’s financials making sure that we clean up your accounting records and identify the KPIs that will help you sleep through the night.
