FAQ
Why CFOLead?
CFOLead is a tech-based company run Chartered Accountants with over 40 years of combined experience in practise. Extensive experience of the Partners across various industries and their enhanced corporate accountability motivate us to adhere to ‘Saying becomes believing’ attitude. Every company need funds for various expansion plans and our most understanding screening procedures will convince you to believe in cutting-edge technology.
What do we offer you?
We use the details supplied by you and create scenarios that explain how the company foresee its future cashflows. The elaborated report will help in change your company’s spending behaviour. We attempt to explain the spend behaviour and advise on consistent measures to save the company from future anguish. We try to justify the action by finding a way to minimise cash crunch effect on your business.
What we need from you?
Please fill the checklist that has been supplied to you and provide us the financial statement which form base for various scenarios created by us. Checklist includes list of key questions related to how you see the market behave and its material impact on your business for the forecast period. We expect the assumptions that you make are justifiable and have got significant implications on your business. Eg. You estimate 10% increase in sales either by hiring new a marketing person or entering a new long-term contract with the customers.
What’s our approach?
Efficient way to reduce the negative impact of cash crunch on your business is by anticipating existing event and riding on the values that became more lenient to attain your goals. We will conduct one-time face-to-face discussion and explain unpleasant participants in your business.
Will we help you in developing your assumptions?
We’ll review your assumptions and advise on the reasonability based on our industry experience. It is your final decision that we adopt in developing the forecast.
Can I change my assumptions after reports being issued?
Yes, either existing scenario can be updated to include new assumptions, or we can help you to create new scenarios for new assumptions and then compare the behavioural changes
Do we sit for face-face consultation?
Yes, only if face-face consultation is an included service in the package you choose. Face-face consultation is only one time.
How many cash-flow forecast reports are issued?
Every service package will include only one report that explain cash spend trend.
How many years cash-flow forecast report can be generated?
It depends on the package you choose. For all the service package we issue forecast reports for one year. Multiple year forecast reports are only available for selective package.
Can Forecast report we issue be submitted to bank upon their request?
No, the reports we issue is only for management internal decision making. If you want to submit to the forecast to bank, then you might have to get it certified by your Chartered Accountant.
Will CFOLead also offer consultation in taxation related matters?
No, CFOLead will not offer consultation in taxation related matters but CFOLead will help you with the services through it’s associated firms who are pioneer in the taxation matters.
What online accounting services CFOLead will offer?
CFOLead will help you move from traditional desktop-based accounting system to cloud accounting program. CFOLead will help implement QuickBooks accounting program in your business and train you on how to use it. Our main objective is to reduce manual accounting task and automate your accounting system thus shifting you focus completely on business developments.
Is it possible to prepare cash-flow forecast report for each business unit and a consolidated one for the company?
Yes, CFOLead can prepare cash-flow forecast for each business unit and a consolidated one for the company with inter-entity owing cancelling out each other.
How do I know that cfolead.in is the right consulting agency for me?
CFOLead uses AI run application which calculates cash-flow forecast based on various inputted assumptions I.E percentage growth method on average of previous periods, formula method etc thus avoiding chances of possible human errors. We let the application to do all the calculations and we only review the final reports to ensure it’s all error free.