{"id":100579,"date":"2022-08-07t12:30:28","date_gmt":"2022-08-07t16:30:28","guid":{"rendered":"\/\/www.g005e.com\/?p=100579"},"modified":"2022-12-22t00:39:40","modified_gmt":"2022-12-22t05:39:40","slug":"why-you-can-be-a-virtual-cfo","status":"publish","type":"post","link":"\/\/www.g005e.com\/2022\/08\/07\/why-you-can-be-a-virtual-cfo\/","title":{"rendered":"why you can be a virtual cfo"},"content":{"rendered":"

\"\"<\/a>accountants are perfectly positioned.<\/strong><\/p>\n

by hitendra patil<\/i>
\nclient accounting services: the definitive success guide<\/i><\/a><\/p>\n

tom, a cpa, has always been a curious person. for over 15 years, his tax \u201cpractice\u201d was doing well. during the tax season, he had no time to think. but, oblivious to himself, with each tax return, he was depositing new questions in his subconscious.<\/p>\n

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he is now a shared cfo of 12 companies. but he took up the cfo work accidentally.
\n
\nhow?<\/p>\n

tom believed that it was his thinking power \u2013 armed with the cpa education, years of experience, and knowing which tools to use effectively to produce the impeccable tax returns \u2013 that could help him make a meaningful positive difference to clients\u2019 businesses, and hence lives.<\/p>\n

plugging in the numbers into the tax return never gratified tom. while he was working out those numbers, he was first getting curious and then frustrated because his mind was trying to figure out how the numbers came to be. he was visualizing the decisions taken by business owners that ultimately led to those numbers. and he was getting frustrated that even some glaringly obvious choices were missed by some business owners, resulting in bad numbers instead of good numbers.<\/p>\n

after his usual mini-vacation after every grueling tax season, his mind went to work. he would start reading books, but his mind would be writing books, correcting the bad numbers. because he now had the hindsight that would make him take better business decisions.<\/p>\n

out of a sheer chance, he decided to get into an import and distribution business. the annual turnover? $6 million!<\/p>\n

the numbers turned out great because inadvertently, through their mistakes, so many business clients trained tom\u2019s mind to deeply understand how to make sound business decisions.<\/p>\n

that\u2019s when tom knew that he could be an effective cfo. he could advise business owners by showing them how their business processes, how their financial or operational decisions, how their choices of technology, how their decisions or indecisions, everything, turn into those numbers on the financial statements and tax returns.<\/p>\n

tom now routinely gets calls from ceos of the client companies \u2013 more often than ever before \u2013 to seek his advice and guidance on major financial decisions to be taken.<\/p>\n

the accidental insights:<\/p>\n