Frequently Asked Questions

We do our best to make sure you understand the work we do, but it doesn’t always click at first. Here are a few things we run into a lot, but if you have any more questions be sure to reach out to us!

Why should I hire Reynolds CFO Services if I already have a bookkeeper and a tax accountant?

Your bookkeeper will ensure your books are in order and your tax accountant will ensure your taxes are filed appropriately, but who is helping you improve profit margins, ensure your staffing is appropriate, forecast and improve cash flow, and understand the financial impact of business decisions? That is where Reynolds CFO Services comes in.

There are way too many bad bookkeepers out there, so we run into this often. Reynolds CFO Services will audit your organization’s accounting and accounting processes, then lay out exactly what must be done to get your books in order. We can perform the cleanup ourselves or provide direction to someone else. Once the books are cleaned and caught up, we can provide bookkeeping services going forward or work with someone else. It is your choice.

At Reynolds CFO Services, we do not charge hourly rates for our monthly Fractional CFO services, because our time is not what is important to our clients. Results are what is important, regardless of how long it takes. So, we charge fixed monthly rates starting at only $2,000 per month depending on the service level you choose and the complexity of your industry.

We start with an initial conversation to understand, in general terms, what your needs are and if we believe we are a good fit. Then, we sign a NDA which provides assurance to our prospective clients that we will remain professional and our communication will be confidential. We will then discuss in more detail your particular needs and how we can help. Once we have agreed on services and pricing, Reynolds CFO Services will perform an accounting audit to identify bookkeeping issues and a financial audit to identify financial performance opportunities for your business. If there are bookkeeping issues, we will work with you to get those cleaned up. Then, we will dig in to learn as much as we can about your business and its operations and provide routine analysis and advice based on the service level you have chosen.

While working with Reynolds CFO Services, you can continue your business relationship with any existing accountants, bookkeepers or tax preparers. In order for us to “tell the story” of what is going well, what is not going well, why and what we recommend, we must rely on accurate work from your existing team. If they are doing a great job, we can make recommendations with confidence so your business can grow financially. To ensure they are doing a great job, Reynolds CFO Services can serve as your one point of contact for anything and everything financial, making us the liaison between you and your financial team. This can also include bankers and attorneys.

Yes. We believe the only way our clients and us can remain happy is if you believe you are continuing to see a benefit in our services. Sometimes due to changes in the business, it may make sense to bring on a full-time CFO or pause our services for a while. Therefore, we do not lock in clients to long-term contracts. Our agreements allow for a 60-day termination without cause and a 30-day termination with cause. Any work we have performed for your business is your property and therefore yours to keep.