Business Advisory Services

When Should I Consult With an Outside Accounting Firm?

You have an internal accounting team and CFO, so why would you need an outside accounting firm? Shouldn't your CFO offer everything you need? The benefit of using an accounting firm to support your internal team is based on the knowledge they have working with many companies just like yours. Industry-specific expertise brings an understanding of best practices that will help your business.

There are critical times when you need an outside perspective:

• You are developing a growth strategy.
• You are preparing for an eventual exit out of the business.
• You are not sure which products/services are the most profitable.
• Your accounting functions need to be reviewed for efficiency and effectiveness.
• You are outgrowing your financial reporting system and structure.
• Your inventory is out of control.
• You need an outside perspective for cash flow and budget planning.
• You are not sure you are taking advantage of all the tax credits offered.

If there is anything you wondered about, ideas you have, or are just looking for another opinion, call an experienced firm and explore the opportunities.