CFO One is an integrated professional services provider offering outsourced Chief Financial Officer services to small and medium businesses across Australia. CFO One advisors have been providing specialist accounting and advisory services to the hospitality sector, particularly medium to large hotels, pubs, clubs and taverns, since inception. CFO One was born out of the belief that growing small & medium businesses are often underserviced in the area of financial management. Many independent operators don’t have access to this high level of professional service offering in a cost effective, fixed fee and holistic model.
Our primary focus for our hospitality clients will be to engage in 3 core service areas:
Outsourced Accounts Team & Bookkeeping: We work as part of your team with certified bookkeepers and accountants onshore and inhouse to perform functions such as Payroll, Accounts Payable, Bank Payments and Reconciliations, using the latest cloud technology to simplify and streamline your processes.
Accounting and Financial Reporting: We encourage the discipline of holding monthly meetings to review your financial results, including discussions around your key lag and leading indicators through our dynamic cloud reporting formats.
Tax and Compliance: We ensure your statutory obligations are met with the OLGR, ATO, ASIC and other regulators from income tax lodgements, BAS and GST, payroll tax etc which are completed accurately and on time, every time.
As your outsourced CFO, we ensure all areas of your financial management, operations, HR and strategic functions are reviewed and a recommended Action Plan with regular follow up and implementation strategies are discussed and agreed and rolled out as appropriate. From purchasing and procurement, to labour, time, attendance issues to point of sale integrity, finance facility reviews, business value assessments, succession and continuity and business plan strategies.
We have great testimonials from our hotel venues we work with on our website including Scott Armstrong, Sunshine Coast Hotels and Clive Johnson, Prince Alfred Hotel. We have saved our clients significant time, dollars and improved transparency and timely reporting of their business performance to enable greater insights for quick and better decision making. We would love to do the same fore many more clients in the hospitality space, so contact us today to discuss your requirements, we offer bespoke and tailored solutions.