What you really need and when you need it...

We are grateful to have a lot of business owners come our way as a trusted financial expert, but different levels of business growth have different needs. A lot of entrepreneurs don't understand this so I wanted to share the difference.

 ✍️ Bookkeeper - takes care of the day to day financial record keeping needs of the business. A lot of this can be DIY until you get to 100k+.

✍️ Accountant - prepares financials via a process called month end close by ensuring that all financial components of the business are properly accounted for. May also take care of your taxes for you. Having an accountant is a need when you begin to accumulate business assets and/or generating revenues of about $250k+.

✍️ Controller - oversees financial reporting and reviews financial results with the owner and other leadership of the company. This is very important to help you understand the results of your efforts in your business. Recommended to have this level of expertise at about $500k+ in annual revenues.

✍️ CFO - future focused strategist that helps you create financial forecasts and cash flow projections based on where you want to go so that you can more clearly see what it will take to get there from a financial perspective. This role becomes very important when you have bigger goals to achieve, likely have a team of at least 3-5 people, and generating $1 M+ in revenues per year.

At the end of the day, your individual needs will vary regardless of revenues, we just use this as a rough starting point. It's also important to understand the reporting and financial complexities of your industry among other factors. 

We're just here to educate so you make the best decisions based on where you currently are in business and also for where you want to go.