Why Pocket CFO?

 

HOW WORKING WITH POCKET CFO CAN HELP...


At Pocket CFO we can provide calculated solutions without the expense of hiring a fulltime CFO. We work one on one with you to create a clear and concise direction with vision so you can make proactive choices and build long term stability and focus less on putting out the fires. We are dedicated to answering your questions and helping you build a working plan to meet your goals. We believe in empowering business owners to make strategic choices that benefit their success by providing the necessary tools for continued growth and accomplishments.

If you find yourself asking any of these questions, we have the solution for you:

  • My business is growing and I cannot understand the numbers
  • We are not making enough profit and I cannot understand why
  • We are generating profits but we never seem to have any cash
  • I am spending my time pushing paper, when I should be selling to my clients
  • I need to raise some funds to develop the business into a larger organization
  • I just need some guidance on a monthly basis, but can’t afford to employ a full-time CFO 
  • How can I owe taxes when I have no cash in the bank, where did the money go
  • Am I claiming all possible business deductions
  • Can I claim my home office expenses
  • Can I claim vehicle expenses
  • Should I lease or purchase equipment
  • How much markup should I put on my products 
  • Am I meeting compliance requirements

 

A recent Canadian survey polled a group of accountants and when asked what is the most common mistake small business owners make when it comes to their finances:

  • 32 percent said it was only talking to their accountant during tax time 
  • 20 percent said it was a lack of understanding when it comes to their tax obligations 
  • 20 percent said it was not having real-time insight into their finances 
  • 12 percent said the biggest mistake of small business owners was neglecting to set up a budget and cash flow forecast 
  • 8 percent said it was not linking their financials to business goals 
  • 4 percent said it was having little knowledge of their customer payments and debt