Consulting firm Cloza has unveiled a new virtual CFO service designed to be a more cost-effective alternative to a full-time hire. This offering is expected to benefit sole traders, freelancers, 1099 contractors, and small businesses in Meridian, Boise, Nampa, and the surrounding cities.
More information is available at https://www.cloza.co/virtual-cfo-ic
With this service update, business owners will be able to gain insights from C-level financial experts without spending hundreds of thousands of dollars annually on a salaried employee.
According to Salary.com, CFOs in Idaho are paid upwards of $390,000 yearly on average. ZipRecruiter, however, found that sole proprietors in the US only earn an average of $67,810 per year.
Just like a regular CFO, Cloza’s virtual professional can be tasked to handle both the client’s accounting and financial needs. For one, it can help businesses gain a better understanding of the money that flows within the organization through expert bookkeeping using software like QuickBooks and Excel.
Using the financial data it gathered, the virtual CFO can provide weekly reports that can be customized for the easy understanding and analysis of the client. These snapshots aid in predicting cash flow, forecasting revenue, and maintaining a budget and can be used to compare one’s financial standing to previous forecasts.
Future sales forecasts can also be made after interpreting market conditions and trends. This offering can help organizations plan their mid- and long-term output to avoid wasted resources.
Furthermore, the virtual CFO can develop growth strategies for improving revenue and profits while keeping spending low. Typically, these strategies will involve steps to maximize existing resources and increase operational productivity and efficiency.
About the Company
Cloza has grown to become a one-stop business solutions provider that is dedicated to small enterprise growth. Apart from financial and accounting services, the company offers data analysis and content marketing.
“We’re business owners too, and we know how hard it is to keep everything running smoothly. We’ve made it our mission to create simple and affordable business solutions to help you focus on what matters,” the company stated on its website.
Interested parties are encouraged to call 801 893-5456 or visit https://www.cloza.co/virtual-cfo-ic for further details.
Cloza | Business Solutions
10274 MILLGRAIN ST
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Coverage People journalist was involved in the writing and production of this article.