Friday, September 20, 2013

Tips for Controlling Cash



Cash flow management is the heartbeat of every business. Savvy CFO Services  will provide you the tools and expertise to understand and plan forward for your cash flow management. Contact Us Today for a Free Consultation!

“For both early-stage and mature companies, it often seems growth is the top priority — at almost any cost. Without proper planning, however, that mindset can lead companies to burn through their cash too quickly.

Cash burn, ironically, can constrain future growth by forcing companies to stop short on spending and accept more-expensive financing to stay afloat. With this in mind, here are some ways growing businesses of all sizes can avoid and manage cash burn.”

For Source and full Article Visit:
http://www3.cfo.com/article/2013/7/cash-management_control_cash_burn-_growth_companies_renegotiate-

Monday, August 26, 2013

Part Time CFO Hawaii, Kalea DeYoung, Savvy CFO Services. Hawaii Part Time CFO Services



CFO for Hire Hawaii. Part Time CFO Hawaii, Kalea DeYoung, Savvy CFO Services. Hawaii Part Time CFO Services CFO Oahu Hawaii. Online CFO for Hire. Honolulu Hawaii CPA. Hawaii CPA Kalea DeYoung. Savvy CFO Services, Kalea DeYoung. Hawaii CFO Kalea DeYoung


Savvy CFO Services, Part Time CPA, CFO Hawaii


Business Plans, Part Time CFO Services Hawaii

A business plan is a document that should help a business owner to look ahead, allocate resources, focus on key points, and evaluate their company's Strengths, Weaknesses, Opportunities, and possible Threats.


Some business owners spend so much time on day to day business they lose focus of their longer-term goals. 

A business plan is the written business objective in which we identify the internal and external factors that are favorable and unfavorable to achieve the goal. Part Time CFO Hawaii, Kalea DeYoung, Savvy CFO Services can also prepare the detailed financial projections which are an essential part of any business plan.


Interim Financial Management Hawaii Part Time CFO


SUDDEN DEPARTURE OF A CFO OR CONTROLLER WILL CONSTRAIN YOUR BUSINESS. 

Let Part Time Hawaii CFO Kalea DeYoung of Savvy CFO Services provide the expertise needed to perform critical chief financial officer duties on an interim, part time basis. This will allow you to maintain critical financials functions and manage your accounting staff while searching for permanent replacement.

After a sudden vacancy we can assist with monthly closes, year end preparation and management of the accounting department while you are recruiting a full time CFO or controller. 

As your trusted advisor, we carefully listen to your challenges. Part Time Hawaii CFO Kalea DeYoung of Savvy CFO Services will then work with you and your team to develop solutions and prioritize steps to move your company forward. We execute the plan at a pace that you are comfortable with, both operationally and financially.




Part Time Hawaii CFO 


Businesses are ever changing and often require a senior level financial manager on an interim basis. Kalea DeYoung, Part Time CPA Services, Part Time Hawaii CFO for Hire , Savvy CFO Services will hit the ground running and immediately start adding value. Kalea DeYoung will take ownership for outcomes from day one and work within your business as part of your team.


Contact Kalea DeYoung,  

Hawaii CPA, Savvy CFO Services



Kalea@SavvyCFO.com



Part Time CFO Hawaii



Some of the projects that Part Time Hawaii CFO Kalea DeYoung of 
Savvy CFO Services can take responsibility for are:


· Provide a clear view of the financial position of your business quickly

· A specific issue that needs urgent attention

· Assist with the restructuring your business

· Raise capital or debt financing

· Prepare your business for sale

· Implementing updated accounting and/or operational systems

· Perform an  independent expert evaluation of your accounting personnel

· Replace existing or hire additional bookkeeping or financial management staff


Financial Forecasts from Kalea DeYoung Part Time Hawaii CFO for Hire


Financial Forecasting describes the process by which businesses think about and prepare for the future. Using historical internal accounting and sales data, in addition to external market indicators, a financial forecast is an prediction of what will happen to a company in financial terms over a given time period. Businesses use forecasting to do financial planning, to identify goals and priorities and to determine asset requirements and needs for external financing.

The most difficult aspect of preparing a financial forecast is predicting revenue. Future costs can be estimated by using historical accounting data; variable costs are also a function of sales. Without a forecast, you have to rely on past results - and it's often too late to make a change if you're already off course. 

A financial forecast allows you to use your resources where they're most needed, so you can control your business, instead of it controlling you.

Contact Kalea DeYoung, Part Time CFO Hawaii, Savvy CFO Services

Kalea@SavvyCFO.com

Executive Coaching by Part Time Hawaii CFO Kalea DeYoung of 
Savvy CFO Services

Part Time Hawaii CFO, Kalea Deyoung can help business owners and executives develop the skills that enable them to achieve their business and personal goals. Private coaching sessions allow you to explore business or personal issues that complement or detract from your goals. 

Part Time Hawaii CFO Kalea DeYoung of Savvy CFO Services will help you solve particularly sensitive issues and teach management and leadership techniques that can be immediately put into practice.


Part-Time CFO Services
If you are a small to mid-sized business, having a chief financial officer is a basic necessity. It is critical for one person in your organization to be focused on creating long and short-term financial goals, obtaining financing, improving profitability, handling risk management and ensuring financial information is timely and accurate.

Many companies may not really need or be able to justify the expense of a full-time CFO. That's where we can help. As your Part-Time CFO,  Part Time Hawaii CFO Kalea DeYoung of Savvy CFO Services provide full-time results on a part-time basis. You really can afford to improve your financial performance, maximize cash flow and build long-term stability. Best of all, with our support, you'll have more time to do what you do best and run your business effectively and efficiently.


Part Time Hawaii CFO Kalea DeYoung provide executive assistance in the following areas:


· Development and implementation of a BUSINESS PLAN
· Improvement of the quality, consistency and timeliness of FINANCIAL STATEMENTS
· Establishment of ACCOUNTING AND REPORTING SYSTEMS and procedures like
· EXECUTIVE COACHING
· Performance of "FISCAL FINANCIALS" to identify all possible cost savings
· Evaluation of INSURANCE COVERAGE AND PREMIUM COSTS
· Preparation of CASH FLOW PROJECTIONS and budgets
· SUPERVISE, REVIEW, TRAIN and evaluate accounting staff
· Assist with YEAR-END CLOSING and serve as an interim controller
· EVALUATE PROFITABILITY of a new product or service


The planning, cost savings, and internal controls that we can put in place will boost your earnings far in excess of the cost of my services.


by Part Time Hawaii CFO



Cash Flow Management Expert Part Time CFO Hawaii

It is absolutely critical that you know exactly what your cash balance is. Cash flow management is a challenge for almost any business, large or small. Small businesses are especially vulnerable to cash flow problems since they frequently operate with inadequate cash reserves or none at all and worse, tend to miss the implications of a negative cash flow until it's too late.


For financing purposes, cash flow projections are generally the most crucial aspect of the business plan.  


You need to perform a cash flow analysis on a regular basis. We can help you with your cash management requirements.


Contact Kalea DeYoung, Part Time CPA, Savvy CFO Services

Part Time CFO Hawaii

Kalea@SavvyCFO.com


Expense Reduction Services by Part Time Hawaii CFO Kalea DeYoung 

The goal of hiring an Expense Reduction Expert: to increase your profits through improved contract negotiations, vendor analysis and comprehensive account management. We are uniquely prepared to help you slash your business costs quickly. Kalea DeYoung, Part Time CFO Hawaii survey your current services, identify inefficiencies and overcharges and present you with a cost- savings analysis that may be both retroactive and future-forward.

by Part Time Hawaii CFO


We can help you save your business.


You may already know your business is in trouble, but may lack the resources, experience or time to turn things around on your own. Trying to go it alone is not only a lonely, but ultimately a "sure-fail" response to a business crisis. Because you're not an expert in business crisis management, you're almost certain to make mistakes that will jeopardize your company.


A business crisis needs crisis expertise, let Kalea DeYoung  Part Time CFO Hawaii assist you through your business crisis.

Contact Kalea DeYoung, CPA, Savvy CFO Services
Kalea@SavvyCFO.com

We have helped companies like yours recover from financial crisis and achieve even greater success. At the most basic level, under performing companies must stop doing some things they have been doing. From the inside, it can be difficult to see which of your practices have become damaging.  As a trusted and experienced turnaround expert, we analyze your unique business situation and provide a strategic blueprint for recovery. As your business recovers, we coach you to help you maintain your financial stability.





Results of a Turnaround Consultant can achieve the following:
· We help identify assets that can be sold to raise cash
· We provide objective, quantifiable ideas for improving cash flow, operating efficiency and strategic planning
· We help you make and implement the tough decisions regarding staff reduction in order to stay in business
· We prepare cash flow models to predict current/future cash requirements to manage owner expectations
· We analyze your financial procedures and controls, organizational structure and customer profitability and make recommendations for improvement.
· We develop a detailed turnaround plan and help you implement it
· We evaluate cash needs and closely monitor all cash transactions


Contact Kalea DeYoung, Hawaii CPA, Savvy CFO Services
Kalea@SavvyCFO.com


Savvy CFO provides qualified bookkeepers who understand that fiscal stability starts with having a good understanding of where your numbers are, and you can only know that when they are managed correctly. It’s critical to get your office bookkeeping done right and done timely.

If you need a part-time bookkeeper, controller, or CFO four to sixteen hours a week, we can help. You get the same person each time. This person understands your company and works to ensure your money is stable, secure and growing.

Offering affordable bookkeeping services is our specialty. We know you need more than just a good bookkeeper, you need a great bookkeeper. So that’s why our accounting and bookkeeping services are performed by only highly trained professionals who do far more than just reconcile your checkbook and pay your bills. We’ve got a process that ensures your money is stable and secure and that you’re on a path to make more of it.

Here are some of our services:

· Accounts payable
· Accounts receivable
· Bank reconciliation
· Cash flow management
· Collections
· Credit card reconciliation
· Sales and use tax filing


We’re here to provide temporary and part-time experienced bookkeepers to small- and mid-sized companies throughout Hawaii.


A financial statement is used as a diagnostic tool business that owners can use to evaluate their company’s strengths and weaknesses.
Balance sheet: The balance sheet is the company’s performance at a given time, such as the end of a quarter or fiscal year. The balance sheet identifies your company’s assets and liabilities
Income statement or profit-and-loss statement: The income statement summarizes a company’s revenue and expenses for a given time period.

Cash flow statement: This records the amounts of cash and cash equivalents that flowed into and out of a company in a given period. It is used to measure how much cash a company has on hand, which influences its ability to pay suppliers and employees.


Contact Kalea DeYoung, Hawaii CPA, Savvy CFO Services
Kalea@SavvyCFO.com

Hawaii CFO Services











Job Descriptions

Job descriptions are an essential part of hiring and managing your employees. These written summaries ensure your applicants and employees understand their roles and what they need to do to be held accountable for.
Employee evaluation
Your business must have a method for effective employee evaluations. Employee performance evaluations will help you evaluate employees and motivate your staff to work harder.

Business Entities


The type of business entity you choose will depend on three primary factors: liability, taxation and record-keeping. Here's a quick look at the differences between the most common forms of business entities:
· A sole proprietorship is the most common form of business organization. It's easy to form and offers complete managerial control to the owner. However, the owner is also personally liable for all financial obligations of the business.
· A partnership involves two or more people who agree to share in the profits or losses of a business. A primary advantage is that the partnership does not bear the tax burden of profits or the benefit of losses-profits or losses are "passed through" to partners to report on their individual income tax returns. A primary disadvantage is liability-each partner is personally liable for the financial obligations of the business.
· A corporation is a legal entity that is created to conduct business. The corporation becomes an entity-separate from those who founded it-that handles the responsibilities of the organization. The corporation can be taxed and can be held legally liable for its actions. The corporation can also make a profit. The key benefit of corporate status is the avoidance of personal liability. The primary disadvantage is the cost to form a corporation and the extensive record-keeping that's required. While double taxation is sometimes mentioned as a drawback to incorporation, the S corporation (or Subchapter Corporation, a popular variation of the regular C Corporation) avoids this situation by allowing income or losses to be passed through on individual tax returns, similar to a partnership.
· A hybrid form of partnership, the limited liability company (LLC) , is gaining in popularity because it allows owners to take advantage of the benefits of both the corporation and partnership forms of business. The advantages of this business format are that profits and losses can be passed through to owners without double taxation of the business itself while owners are shielded from personal liability.


Organizational flow charts

Flow charts are used to understand how employees fit into the work process.  They also are helpful in understanding the flow of information and help employees understand where they fit in. They are also used to find potential problems and make changes accordingly to promote improved performance in the business. It shows the relationships between job positions and illustrates the structure of all the jobs by rank.




Focus: Improving the Profitability of Your Company
We are dedicated to the financial success of our clients.


Savvy CFO Services LLC was created to help small and medium businesses succeed financially on Oahu in Hawaii.


We are dedicated to providing comprehensive Chief Financial Officer Services to our clients. We customize our services to meet the particular needs of each business by taking a hands-on, focused approach.


We form a self motivating partnership with every client focused on the mutual goal of enhancing profits. Operating always with the utmost honesty, integrity and objectivity, we strive to become your long-term trusted advisor helping you achieve the profitability and success you dream of.


We provide a broad array of services, from financial statements preparation to complex financial and management projects. We are able to render these services in an efficient, cost-effective manner.


Now every company, regardless of size, can experience the benefits of having a Chief Financial Officer on a part-time basis. Why not contact Savvy CFO Services LLC, Hawaii CFO today for a no obligation financial review of your business.

by Part Time Hawaii CFO

Kalea@SavvyCFO.com
Savvy CFO Services is Focused on Improving the Profitability of Your Company
We are dedicated to the financial success of our clients.


Savvy CFO Services, Part Time Hawaii CFO was created to help small and medium businesses succeed financially on Oahu in Hawaii.


We are dedicated to providing comprehensive Chief Financial Officer Services to our clients. We customize our services to meet the particular needs of each business by taking a hands-on, focused approach.


Contact Kalea DeYoung, Hawaii CPA, Savvy CFO Services

Kalea@SavvyCFO.com


We form a self motivating partnership with every client focused on the mutual goal of enhancing profits. 

Operating always with the utmost honesty, integrity and objectivity, we strive to become your long-term trusted advisor helping you achieve the profitability and success you dream of.


We provide a broad array of services, from financial statements preparation to complex financial and management projects. We are able to render these services in an efficient, cost-effective manner.


Now every company, regardless of size, can experience the benefits of having a Chief Financial Officer on a part-time Hawaii CFO basis. Why not contact Savvy CFO Services LLC today for a no obligation financial review of your business.



Part Time CFO Hawaii

                                                   Kalea@SavvyCFO.com

CFO for Hire Hawaii. Part Time CFO HawaiiKalea DeYoungSavvy CFO ServicesHawaii Part Time CFO Services CFO Oahu Hawaii. Online CFO for HireHonolulu Hawaii CPA. Hawaii CPA Kalea DeYoungSavvy CFO Services, Kalea DeYoungHawaii CFO Kalea DeYoung