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 Minnesota
The business community in Minnesota is a vibrant and diverse ecosystem that fuels the state’s economy and fosters innovation. Known for its progressive outlook, strong work ethic and commitment to quality Minnesota is home to a range of industries that contribute to its thriving business landscape.
One of the key sectors in Minnesota is manufacturing. The state has a rich manufacturing heritage and companies here produce a wide array of products, including machinery, medical devices, aerospace components, food and beverages and renewable energy equipment. Manufacturing giants like 3M, Medtronic and Polaris have a significant presence in the state, driving economic growth and providing employment opportunities.
Minnesota’s robust technology industry has gained prominence over the years. The Twin Cities, particularly Minneapolis, has emerged as a hub for technology startups and innovation. The region is home to a vibrant entrepreneurial ecosystem, with companies specializing in software development, cybersecurity, health IT and emerging technologies. Major technology firms such as Target, Best Buy and UnitedHealth Group are headquartered in Minnesota, driving innovation and technological advancements.