August 31, 2018
Running a small or medium-sized business or nonprofit is becoming increasingly challenging. Maintaining and analyzing business finances takes time and expertise that not all business owners or managers have. Hiring an in-house chief financial officer and accounting department isn’t always feasible, and having the time or expertise to critically review financial data isn’t easy.
Kernutt Stokes Private Accounting Services is a comprehensive solution to small and medium size businesses and their owners. Kernutt Stokes steps in as your Accounting Department and provides internal accounting information and reporting and automates accounting processes. There is an option to provide CFO advisory services to clients.
By utilizing the Private Accounting Service team, the day-to-day accounting processes and reporting are shifted to a special team at Kernutt Stokes. Private accounting, also called “managerial accounting,” at Kernutt Stokes is made of up two primary services: Fractional CFO and Virtual Accounting. Clients may choose to hire us for one service or both. By utilizing the Private Accounting Service team, the owner(s) and operational employees are free to focus on revenue generating activities to advance the company forward. With segregation of duties, reduced overhead, no turnover headaches, and streamlined financial reporting, Private Accounting Services helps the business serve its customers better.
Fractional Chief Financial Officer
A CFO analyzes accounting reports to provide data-based insight for business development, staffing organizational structure, products and services, and ultimately the direction of the business. But hiring a full-time CFO isn’t always practical. Business owners and bookkeepers of small and mid-sized businesses can fill in the gaps, but often they don’t have the time or expertise to understand what the financial information is telling them to guide the long-term success of their businesses.
At Kernutt Stokes, a “fractional CFO,” or a CFO who works part time for businesses, will review your accounting information and provide strategic guidance to your organization without having to hire a full-time employee. Our combined years of experience of working in a multitude of industries allow us to review your finances with a thorough understanding of your business, and to provide guidance to reach your goals.
Virtual Accounting Services
Cloud-based technology has changed the accounting industry and how businesses manage their accounting needs. Kernutt Stokes offers Virtual Accounting Services to provide full-service accounting needs – from payroll, accounts payable, and more – using current, secure, and reliable cloud-based technology. Hiring a full-time bookkeeper and managing their hiring, training, and eventual replacement can be a challenge. Virtual Accounting Services at Kernutt Stokes provides a cost-effective alternative so you can always access your financial information, and know it will be managed accurately and efficiently.