2. Integrated Financial Management It is absolutely critical in the nature of any company to ensure that all of the financial data is coordinated to give the management team the information and tools that are needed to make informed decisions based upon the continuity of the data.

3. All Controllership Functions See description below

4. All Banking and Cash Management Services The smooth operation of the banking and cash management functions go a very long way in ensuring that the total operation runs smoothly and efficiently. The CFO is required to ensure that there is sufficient cash to maintain the operations and that cash is used as efficiently as required by management.

5. All Treasury Functions Treasury functions have to do with the investing of any cash or excess funds that the company may have. This is the company’s investment portfolio and should be monitored for liquidity and safety, and long and short term strategy.

6. Services depends upon company requirements Chief Financial Officers generally have other people working for them based upon the size and requirements of the company. A small company with $10 Million in Revenue will have a smaller staff than a Fortune 500 entity. As a result, a lot of the functions and requirements will be combined and handled as the staffing required. CFO Financial Resources realizes that this is the case and will base the engagement and hours required on the needs of the company. It is imperative that the CFO engagement only be for those services that the client company needs as it is the purpose of TBG to be a resource that allows the client company to receive the benefits of having the benefits of a CFO without incurring the cost of a full time chief financial officer.

Controller Services

1. General Financial Analysis The Controller is the one who controls the General ledger, and all things are in there. It is his responsibility to ensure that the analysis is done that will ensure that the General ledger and Trial Balances are in compliance with generally Accepted Accounting Principles and Management Requirements.

2. Salary and Wage Management Salary and Wage Administration is an integral part of any successful company. Although this at times is the under the purview of the Human Resource Department, it is the Controller who is required to make sure that employees are paid the proper amounts, and in a timely manner.

3. Operations Analysis The Controller has an integral part in the analysis of operations in terms of variance analysis, whether it is due to rate variance, material variance, or volume variance. He usually is the CFO’s liaison with Operation Department Heads and can help them in their analysis by providing information and analysis in order to help them make more informed decisions.

4. Internal Controls The Controller is the ‘Policeman’ of the Company and is usually the one who brings the bad news when something is not quite right. He is the one who is required to ensure that the internal controls are functioning so that there is no unexplained loss of assets. As such, he/she is the one who requires the separation of duties when checks are written and that the appropriate levels of signatory authority are adhered to. The controller is also the point man as a liaison with any outside auditors required.

5. Trend Analysis It is necessary that the company keep in touch with the direction of the company as well as with the industry. Working with senior management, the Controller can help with trend analysis to ensure that costs are in line with product line trends, sales analysis trends, and industry trends.

6. Inventory The controller is responsible for the proper controls in inventory, from purchase orders to receiving documents. The valuation of the inventory is also a critical factor and has to be in accordance with Generally Accepted Accounting Principles and Management Requirements.

7. Financial Statements Set Up In order for a company to have a meaningful financial statement, it is imperative that the financial statements be set up so that they actually reflect the operation of the business and can be utilized by Management in evaluating the business. This has to do with separation of revenue and costs into meaningful divisions, and the appropriate separation of fiscal and calendar year.

8. Financial Statement Report Analysis In order to maintain the integrity of the financial statements and to ensure their accuracy, it is required that any variance from budgeted or standard norms be analyzed as to the cause and extraordinary cost involved. This analysis should involve operational efficiencies as well as financial expenditures and abnormalities. 

9. All Bookkeeping Services This aspect refers to the bookkeeping details of clerical issues such as accounts payable, receivables, cost accounting, payroll, and the various other accounting clerks that are utilized.

Banking and Cash Management Services

1. Banking Relationships Good banking relationships are built over years and can be significant in the growth and profitability of a company. CFO Financial Resources takes the point of view that this is an integral part of the management process, and will endeavor to maintain and enhance the relationship of the client company to its banks, as well as developing new banking relationships.

2. Bank Reconciliations and Analysis Bank Reconciliations are to be done on a timely and efficient manner and ought to ‘tie’ out to the general ledger accounts. In additions, analysis of bank accounts should be done on a monthly basis to ensure that banking and management practices are rigidly followed, and that costs of services reflect the value of the account, and are properly recorded and accounted for.

3. Cash Management Services

• Periodic monitoring of bank balances CFO Financial Resources believes in the constant monitoring of cash balances, and the analysis that is resultant from such an approach. Whether it be a daily, weekly, or monthly, constant vigilance in this area is necessary to insure that funds are applied, and applied properly.
  
• Cash Flow Models Forecasts updated on periodic basis We also believe that Cash flow Models can help client companies prepare for the cyclicality of production and cash flow by planning for the use and saving of cash on a periodic basis. It is also thought that the models utilized be simple enough to understand, yet sophisticated enough to account for the inherent flows of cash.
  
• Analysis of Cash Flow on periodic basis If a Cash Flow Model is to be utilized, it should be reviewed periodically for change, and should be the length of a business cycle at minimum and a daily cash flow at maximum. Cash Flow analysis should be done at a Controller’s level, and any variances or problems should be brought to Senior Management as soon as possible.
  
• Cash Flow Reports on periodic basis Cash Flow Reports should be utilized by Senior Management as needed, and can be an abbreviated version of the cash flow models mentioned above. Reports should be kept, and utilized as a way of tracking cash and its usage.