More Insights Into Momentum CFO
Take a look at some of our most frequently asked questions.
Why types of businesses do you work with?
We provide outsourced CFO services to small and mid-market businesses in Southern California and throughout the United States. Our typical clients are established, growing service-based businesses with $5 million or more in annual revenue, a team of employees, and healthy cash flow.
What types of business aren’t the best fit for our team?
At Momentum CFO, we value transparency and we want to create lasting relationships with our clients. We don’t work with businesses that are planning to go public via IPO (Initial Public Offering) or SPAC (Special Purpose Acquisition Vehicle). We also don’t work with startups or businesses that need to raise capital to stay afloat. Due to the lack of clarity related to accounting standards, we are unable to partner with businesses that deal with cryptocurrency.
What types of services do you provide?
The first step in our process to getting your finances organized and giving your business momentum is to determine your business’s financial health. During the health check process, we analyze your finances in several core areas, as described here. We thoroughly document our observations and recommendations and create a prioritized action plan to help your company succeed moving forward.
How much do CFO services cost?
The Financial Health Check is a crucial first step that fully assesses the company’s financial health, provides solutions to problems, and sets a prioritized timeline of activities for ongoing partnership / CFO services. When you hire Momentum CFO, you’re investing in your business’s financial future, and you should expect a return on your investment. The benefits our services bring to your business often exceed the cost of our services.
No one wants to be surprised by their bill at the end of the month, so we don’t charge hourly. Instead, we charge a flat fee for the Financial Health Check, which typically starts at $7,500. Most of our clients retain us to provide financial guidance on an ongoing basis. We also charge a flat monthly fee for outsourced CFO services. Pricing for outsourced CFO services is generally between $3,000 and $8,000 per month, depending on your business’s size, complexity, and unique financial needs.
Do you work onsite or remotely?
We do most of our work remotely, allowing us to serve clients throughout the United States. We use Zoom and online meeting scheduling tools to make your virtual experience just as fantastic as in-person interactions. If you’re in the San Diego area, we’re happy to meet with you at your office or ours. Book a meeting with us today!
What if I need other accounting and financial services in addition to CFO services?
No problem! As a financial consultant for many small businesses, we serve as the quarterback for your financial team. We partner with your bookkeeper, tax preparer, banker, insurance broker, and others to ensure we fulfill your financial needs. If you don’t currently have partners who fulfill those roles, we’re happy to help you form a team of trusted professionals.