CFO Services

The foundation of any company or nonprofit organization’s accounting and finance function is to produce timely and accurate financial information for the entity. A good Chief Financial Officer (CFO) oversees these accounting and finance functions, but their true value comes from the ability to provide forward-looking financial analysis.

Putting into place the basics

Accurate record-keeping is essential to achieving sound financial analysis. Myrick CPA can help you put into place the necessary processes and procedures for accurate record-keeping and can help with the day-to-day tasks of bookkeeping so that you can focus on your core business. We can work with you or your designated team member to set up and manage everything your business needs to run smoothly, efficiently, and productively on the financial side. Please see our section on Accounting and Auditing for more details.

Myrick CPA accountants can handle all of your daily accounting needs and communications with you. If necessary, we can work with you to process invoices and statements, accounts payable, cash receipts and disbursements, and payroll and prepare bank reconciliations and recurring reports. In addition, our services will help you manage and improve your cash flow by providing real-time information needed for monitoring and decision-making.

Once the basics are in place, Myrick CPA can help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. In addition, at Myrick CPA, we can serve the critical function of a CFO by providing you the information you need to make business decisions based on good cash flow and budgeting analysis, financial projections and forecasts, and debt and finance advising.

Good cash management can improve a company’s liquidity, reduce costs, and increase profitability. Myrick CPA can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow can make or break the business’s ability to survive. We can help you analyze your spending, re-balance your budget and debts for an optimal cash flow to support your business’ success. In addition, this balance plan would be revisited if and when there were any significant changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

No one can predict the future perfectly, but we can all benefit from planning for it. Myrick CPA combines expertise and experience with a gained understanding of your business to produce financial projections to help you manage your business plan and spending. Forecasting for the future is imperative to your company’s success. We make it a point to keep current with market trends and updates to prepare your business for what is to come. Our work can range from top-level reports to detailed financial models depending on your needs.

Whether your needs are corporate or personal, Myrick CPA’s professionals can assist you in sorting out the different options available for debt management and financing that will lower your payments or reduce the total amount of interest paid. Re-balancing your debts can also result in tax deduction savings. But, even if you can handle the payments and the amounts of your current debts, our expertise may be able to save you money or lower your costs.

“We have used Charles Myrick CPA for personal taxes matters for over 15 years. The staff are [also] knowledgeable about nonprofits — very professional and always responsive to our needs both personal and business. I highly recommend Charles Myrick CPAs for your accounting and tax needs.”

— JJ

Myrick CPA is dedicated to meeting these goals with high standards of excellence and professionalism. We have been a staple of Washington DC’s business community since the firm’s founding in 1987 and pride ourselves on the level of esteem we have earned.

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