Outsourced CFO Services
- Assisting with federal and state tax compliance and reporting
- Developing cash flow improvement programs
- Developing key relationships with venture capitalists, bankers, auditors and lawyers
- Developing strategies and tactics to minimize overall tax liability and exposure
- Evaluating and creating internal controls
- Evaluating equity transactions
- Managing capital to improve profitability
- Overseeing financial and accounting functions
- Producing accurate, meaningful financial statements
- Serving as a liaison to lenders, investors and other outside financing sources
Outsourced Accounting Services
- Post cash receipts and disbursements
- Reconcile bank accounts monthly
- Process accounts payable including obtaining proper account codes
- Manage payroll and payroll reporting
- Set up customized chart of accounts
- Manage invoicing and accounts receivable
- Prepare general ledger and financial statement compilations
- Summarize data required for tax returns
- Prepare sales tax returns
- Assist with day-to-day journal entries
- Set up and support QuickBooks software
- Manage depreciation schedules
Benefits of Outsourcing
About Alabama
One of the notable aspects of Alabama’s business community is its commitment to manufacturing and industrial sectors. The state has a rich history in manufacturing, with industries such as automotive, aerospace, chemicals, steel and textiles playing a prominent role. Alabama’s skilled workforce, coupled with its favorable business climate, has attracted major companies like Mercedes-Benz, Honda and Airbus, which have established manufacturing facilities in the state. This has not only created job opportunities but also fostered a robust supply chain network contributing to the state’s economic growth.
In recent years, Alabama has also made significant strides in fostering innovation and entrepreneurship. The emergence of technology-focused business incubators and accelerators, such as the Innovation Depot in Birmingham and the HudsonAlpha Institute for Biotechnology in Huntsville, has provided a nurturing environment for startups and small businesses. These initiatives have helped cultivate a culture of innovation and diversify the state’s business landscape.