Easy now, breathe into a bag and don't panic. What happens when your CFO or Controller suddenly leaves? Best case, you've got 2 weeks to figure out all those things you thought you'd never have to do again. Worst case, today is your first day as the new CFO.
Here are just some of the things that your CFO/Controller magically made happen:
Paying bills and keeping your vendors happy.
Payroll processing and keeping your employees happy.
Managing your cash so you don't run out.
Closing your monthly books. There are journal entries and accruals that should be done every month.
Preparing financial statements for both internal and external use.
Getting ready for your audit or review. There are lots of things you need to do to get ready for this. You may not know where all those files, invoices, and receipts are.
Do you have a loan at the bank? You need to get your books in order to report to the bank and meet your loan covenants. I don't need to tell you what happens if you whiff on this one...
Most importantly, making sure that you sleep at night.
Here's the good news, you don't have to be the new CFO. We can help you manage the transition from this dark place. Believe it or not, this might be a good thing.
We can help you with all these things and more. We can streamline your business by looking at your accounting and your operations. You might even decide that a full time CFO or Controller isn't necessary. Think of all the money you can save.
Give us a call. It's not our first rodeo, and we can help you get back on track.