What is Free Cash Flow?
What is Free Cash Flow? Businesses survive and thrive on cash. Cash allows businesses to take risks, seek new opportunities, and to strengthen their financial
Hovland Forensic & Financial offers virtual and fractional services expertise at fixed rate pricing. Our CFOs focus on strategic planning to help protect profits and manage cash flow. Work with a trusted virtual CFO to grow your company’s wealth today.
A VCFO company provides incredible insight and opportunity for businesses. Using a service such as this makes sense for companies that want to grow. A virtual CFO service is also beneficial to businesses that may not be seeing the type or amount of growth they desire. It is advantageous for young companies creating a plan to move forward.
Utilizing a virtual CFO service means there is no need to invest in a full-time professional working in your company (which is expensive), but allows full access to these services.
Hovland Forensic & Financial differs from competitors. With our complete understanding of internal controls that translate into future financial gains, companies of all types can significantly benefit from working with our skilled professionals.
We take the time to learn about your company, goals, and strategies to provide clear, concise data to help your business advance, as desired. At the same time, our remote CFO services are always focused on maintaining clear communications with you. We are here to help you see how fractional accounting can enhance your business’s short- and long-term goals.
Hovland Forensic & Financial’s services are customized to help your company reach its financial goals. We match the services needed to make your operations more profitable. Don’t need it? You don’t pay for it.
We understand small business. Below is an example of some of the services we offer with the fractional and virtual CFO package.
We ensure accounting records include all the correct accruals and adjustment to give an accurate picture of operations. We verify there is supporting information for all major accounts. Accurate financial information is key to be able to make correct management decisions on the company’s future
We provide a balance sheet, income statement, and cash flow statement in accordance with generally accepted accounting principles (GAAP). These will be statements that you can give to your banker and all shareholders.
We host scheduled virtual meeting to discuss the various aspects of your financials. Virtual meetings allow for face-to-face connection and are extremely productive for our clients.
We will provide the most critical company-wide Key Performance Indicators to help you reach your goals.
Knowing your break-even point is crucial to the survival of your business. We not only calculate the break-even for you, we keep you and your sales department aware of the sales needed to keep the bills paid.
Free cash flow is the amount of cash a business can utilize after all the costs have been paid. We design the Free Cash Flow to correspond with your forecast so you can not only see what you have, but what you are projected to make.
What are your drivers for revenue and expenses? We will help you understand these levers and walk you through ‘what-if’ scenarios to better understand the effect of a decision.
A budget is the goal of the company, the forecast is the map on how you are going to get there. We perform a 12 month rolling forecast for your company so you can react to changes and head off any surprises in cash flow.
Revenue now is great, understanding where your revenue is going to be 2 -3 months from now is key. We help your sales department build a financial pipeline report and allow for enough time to pivot if cash flow will become strained.
What is your cash efficiency by project? We help you understand the concept of cash efficiency which allows you to shift resources on the projects that truly contribute to the health of your company.
Service-based companies have employees who charge their time. We develop key metrics for each employee level. This allows management to understand the impact on personnel decisions and identify the revenue producers for each company.
Not all information relevant to the health of our company is in the financial statements. Items such as customer satisfaction can have a tremendous impact on revenue and never appear in your general ledger. We develop metric reports to create additional resources that help managers understand the non-financial metrics affecting the bottom line.
We develop the necessary external funds needed models to help explain the benefits or risks encountered with expansion. If reduction is the focus, we help guide you through the process on getting away from excessive debt.
We develop and nurture your company's relationship with financial institutions. Additionally, we will coordinate Line of Credit reviews and get bids from other banks. We focus on getting the best rate and terms possible.
In addition to the forecasting, we will make sure the resources of each company are utilized to their fullest. Whether it is clearing a bottleneck or removing equipment that is not producing, we focus on all resources to get the best ROI.
The outsourced CFO’s role is to help your existing employees meet financial goals and focus on an improved financial strategy.
We train internal staff to be an integral part of this financial strategy and lead you toward accelerated profits and sustainability.
While we love working with you, we want to prepare your company to grow large enough that a in-house CFO is required. We’re here to get you on the right footing.
Our CPAs will help maximize your profits through cash flow, compensation strategy, vendor contracts, and expenses.
We also help with systems optimization to ensure you’re getting accurate numbers when you need them most. We help with financial forecasting--both short and long term.
Our services take a deep dive into your business, industry trends, and goals to find the proper strategy for your company.
Our fee structure has a fixed price for one year. There are no surprises. The services and price each month won’t change.
Experience
Our founder was a partner in a midsize public accounting firm for 20+ years. During that time, he oversaw the financials of large and small business. In addition to being a CPA, he is also a Certified Forensic Accountant.
What makes Hovland Forensic and Financial different then our competitors? We have the ability and knowledge to secure your internal controls and guard against fraud in your organization. Traditional services, with additional expertise in forensic accounting.
Some of the most common questions we receive.
Technology is improving the ability to function outside of a formal office setting. For us, the ‘virtual’ aspect means we can access the accounting records remotely and communicate with our clients by web video, snap chat, email, and telephone. All reports–from forecast to financial statements–are made available to clients via a secure portal they can access at any time.
Our founder was a partner in a public accounting firm and has been in the profession for 20+ years. Over that time, he’s been able to identify the common areas of improvement most new and seasoned accountants need. He utilizes this experience to work with our client’s staff to see where they are at, and how to increase their accounting knowledge. We strongly believe in training for success.
Yes. In our initial meeting, we utilize a real-time worksheet for a proposal. The client can select the services needed. When the meeting is complete, the fixed cost is set. No one likes surprises in billing. We eliminate this obstacle right from the start.
Client confidentiality is extremely important. We are a part of the client’s C-team, and we treat them as if they are employers–not customers. We only list clients that specifically allow us to do so.
In a nutshell, a forensic accountant is a highly trained accountant with additional certifications who can identify and uncover financial fraud. To become certified takes years of financial and internal control training, plus additional certification testing.
What is Free Cash Flow? Businesses survive and thrive on cash. Cash allows businesses to take risks, seek new opportunities, and to strengthen their financial
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