We get these questions a lot. Here are our best answers...
What will Claritas services cost?
All of our services are provided at a flat monthly rate. The cost can vary based on the scope of services and level of expertise required and the specific needs of your company. Claritas offers services ranging from basic bookkeeping, bookkeeping combined with CFO services and standalone CFO Services. The cost of bookkeeping services is driven primarily by the number of transactions and accounts involved. The cost of CFO services is driven primarily by the level of involvement required in the creation and execution of your strategy and achievement of your financial goals.
What experience do you have?
Over my career I have worked as a CPA, Controller and CFO. I have worked with primarily service type businesses and my focus has always been on establishing a bookkeeping structure and routine that showed the owners where their services are profitable and where they are not. With Claritas you will be getting bookkeeping through the eyes of a CFO.
What are the signs I need I fractional CFO?
The decision to engage a fractional CFO should align with the specific challenges and goals of your business.The time is right to consider a fractional CFO if you have simply outgrown your existing method of bookkeeping and financial management and lack a clear financial strategy and processes. Financial challenges such as cash flow issues, declining profitability, or difficulty in securing financing may signal the need for a fractional CFO's expertise in financial management. If the business is experiencing rapid growth, a fractional CFO can help manage the increased complexity of financial operations, strategic planning, and resource allocation. When the business is making significant strategic decisions, entering new markets, or launching new product lines, a fractional CFO can contribute financial insights to support informed decision-making.
Do you understand my line of work?
The CFO role is more about business than a particular industry. Our focus is on small service business - particularly those in the trades and related services. We have many years experience serving businesses like these and understand what they need out of their bookkeeping and financial management
How will we communicate and work together?
Clear communication is essential to the success of any relationship. In the first few months of our partnership, our interactions will be more frequent as we set your financial goals, formulate a strategy, get back-work caught up, and establish a new routine. Once that settles down we will tailor our communication to meet your needs and work style. Some clients benefit from face-to-face meetings while others prefer online sessions. We will tailor our communication style to fit your needs.
How will my financial information be kept secure?
All our clients use Quickbooks On-line as their bookkeeping platform. Quickbook On-line relies on advanced, industry-recognised security safeguards to keep all of your financial data private and protected. QuickBooks Online is a DigiCert® secured product. DigiCert® is the leading secure sockets layer (SSL) Certificate Authority. With password-protected login, firewall protected servers and the same encryption technology (128 bit SSL) used by the world's top banks, it has the security elements in place to give you peace of mind.
