Establishing Internal Systems

Achieve performance targets and prevent loss with expertise from The CFO Center

Learn The Essentials Right Now

Assess Your Financial Health

A part time CFO from The CFO Center can help you develop better reporting
Better reporting for business are possible with help from a part time CFO from The CFO Center

Take Control

Internal controls can help your company achieve its goals and limit the internal and external risks and threats you’re likely to encounter, enabling you to manage and control the business rather than allowing the business to control you.

Not only has our CFO from The CFO Center put financial systems and controls in place, they have also saved us a lot of money.

Karen Howes

Founder, Taylor Howes

There Are 5 Key Elements To A Strong Internal Control System 

Separation of Duties

Key duties and responsibilities in authorizing, processing, recording, and reviewing transactions and events should be separated among individuals

Authorization

Every transaction must be authorized and carried out by people acting within the scope of their authority

Documentation

Ensures that assets are properly controlled and that each transaction is accurate and complete

Supervision

Ensures the objectives of the internal controls are achieved

Reconciliation

Ensures the accuracy
and validity of your records, allowing discrepancies to be resolved quickly and preventing unauthorized changes from occurring

Common mistake: Waiting until it’s too late

Most companies don’t use internal controls because owners don’t realize such controls are necessary. This leaves the company vulnerable to unscrupulous behavior, bad or hasty decisions, or reactive instead of proactive tactics.

The CFO Center can help systematize your business and its internal controls so you can view your business from a much clearer vantage point, and decisions to grow the business can be made knowing that the underlying model is scalable and robust.

A part-time CFO from The CFO Center will work with you to redesign your company’s architecture, allowing you to go from working in a job to managing a stable, healthy business.

Download your free resource from The CFO Center on improving reporting

Stop navigating your business in the dark. Discover the essential reporting you need right now.

Be ready instead of reactive by implementing frameworks to help your business operate. Inside this free 12 page guideyou’ll explore::

The 5 Essentials of an internal control system and their benefits

The 3 main reasons companies don't implement control systems so you can avoid these mistakes

Case studies, including how The CFO Center helped save a company after its CEO stole from it

Insights from experts on the importance of frameworks and internal controls

Explore more of how our approach to operational skills can help you and your business

Reporting

Profit Improvement

Cash Flow Management

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Maybe you have something specific you're trying to accomplish in your business, or all you know is things could be better than they are. We'll help you figure out what's next - all you need to do first is reach out.

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More than part-time CFOs, The CFO Center consists of financial and business experts, advisors and strategists who can help you define and deliver the numbers that really matter to you and your business, including increased profitability, better cash flow, and stronger strategies for growth.

 

 

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