Forensic Accountant | Fractional CFO Services
From forecasting to strategic accounting guidance, our CFO (Chief Financial Officer) service packages are designed individually for each client. We work on a set-fee model tailored directly to your business. You can rest assured there will never be additional billings from our company.
Virtual CFO Services to Help Save You Money
What does a virtual CFO do?
The virtual CFO (chief financial officer) is a remote-based CFO—a real person—who provides high-level CFO services to give your company, no matter the size, all of the expertise, direction, and concentration that a CFO can provide. We just do it remotely as a consultation service.
An online CFO shouldn’t be seen as a cost but as an investment, hiring someone with the experience of a big-business C-level executive without the cost of hiring someone full time for your small business.
This is more than just an accountant or a controller. This is high-level strategy, the type of work that you would expect from an experienced financial executive. We provide analysis for helping your team with cash flow modeling and break-even analysis. Because of this strategic nature of the service we schedule up to six virtual meetings per month, dealing with cash flow, financial review, pipeline and practice development, banking relationships, and long-term goals. Your goals are our goals: we want to maximize shareholder value, accelerate growth, and achieve profit goals.
How does it work?
The virtual CFO’s role is to help your existing employees better meet your financial goals, and get on track with a new and improved financial strategy. We train your internal staff to be an integral part of this financial strategy and lead you toward accelerated profits and sustainability. And while we love working with you, we want to prepare your company for when you hire your own CFO. We’re here to get you on the right footing.
Our virtual CFO consultants will help you maximize your profits, through looking at your cash flow, compensation strategy, vendor contracts, and expenses. We also help with systems optimization to make sure that you’re getting the accurate numbers when you need them the most. And we help with financial forecasting, both in the short and long term. Our virtual CFOs will take a deep dive into your business, industry trends, and goals to find the proper strategy for you.
What is a forensic accountant?
A forensic accountant is a professional financial expert who utilizes accounting, auditing, and investigation to examine the finances of an employee or business. Forensic accountants analyze, interpret, and summarize complex financial and business matters. They might be employed by accounting firms, banks, law enforcement, governmental agencies, insurance companies, and many other businesses with the intent of rooting out fraud, embezzlement and other financial crime or discrepancy.
A forensic accountant is someone who can not only understand the nitty gritty of computer and paper records, poring through data to find errors, cover-ups, and crimes, but also has the ability to perform well in a courtroom setting to present accurate and essential information to the judge in important financial cases. As such, a forensic accountant needs to have excellent references, a spotless record, and the authority to speak on the nature of accounting problems.
Have a need for a Virtual CFO or Forensic Accountant?
Over Twenty Years of Accounting Experience
Hovland Forensic & Financial was founded by Steven D. Hovland (#TheForensicCFO), Certified Public Accountant (CPA) and Certified Forensic Accountant (CRFAC).
After 20 years in the public accounting arena as a partner in a mid-size public accounting firm, Steve began brainstorming a client-centered model that favors you, the client.
Steve realized the old-model of doing things in the accounting world no longer worked to the client's advantage. The archaic systems didn't evolve with technology or the digital age. Billing clients hourly to tell them what they already knew and then charging for any inefficiencies that were found resulted in the dreaded "additional billings." He believes that the price quoted up front should be the price of the service. Period.
Are you ready for your complimentary consultation?
We'd love to get to know you and your business. Click here to schedule your complimentary consultation with one of our CPAs today!