Outsourced CFO Services

Strategic Financial Leadership Without a Full-Time CFO

Dow & Sohn CPAs provides outsourced CFO and financial management services for Korean and international companies operating and growing in the United States. We help management teams build reliable financial reporting, manage cash flow, develop budgets and forecasts, monitor key performance indicators, and provide the financial insight needed to make better business decisions.

Beyond Accounting: Financial Insight for Better Decisions

As a company grows, financial statements alone may no longer provide management with the information needed to make timely decisions. Businesses need to understand where cash is going, whether operations are profitable, how actual results compare with budgets, and what financial resources will be required for future growth. Our Outsourced CFO services bridge the gap between day-to-day accounting and strategic financial management, providing management with practical financial information without the cost of maintaining a full-time CFO.

OUR SERVICES

MANAGEMENT REPORTING

Monthly and quarterly financial reporting packages designed to give management a clear view of financial performance, profitability, and key business trends.

BUDGETING & FORECASTING

Annual budgets, rolling forecasts, scenario analysis, and actual-to-budget comparisons to help management plan for future growth.

CASH FLOW & WORKING CAPITAL

Cash flow forecasting and working capital analysis to help businesses manage liquidity, receivables, payables, inventory, and upcoming funding needs.

KPI & PROFITABILITY ANALYSIS

Financial and operational KPI analysis by business unit, product, location, customer, or other relevant segments to identify performance drivers and areas for improvement.

Korea HQ Reporting & U.S. Subsidiary Management

For Korean companies operating in the United States, financial reporting often involves more than maintaining accurate U.S. books. The U.S. subsidiary must also provide timely and reliable financial information in the format required by its Korean headquarters.

Dow & Sohn CPAs bridges the reporting gap between Korean headquarters and U.S. operations. We work with the subsidiary’s accounting records and management team to build a consistent reporting process from the U.S. monthly close through headquarters reporting, preparing monthly reporting packages, financial analyses, and supporting schedules aligned with the Korean parent company’s requirements.

EXECUTIVE & BOARD SUPPORT

Financial analysis and reporting to support management meetings, board presentations, financing discussions, and other strategic business decisions.

Frequently Asked Questions

Q1. What is an Outsourced CFO?

An Outsourced CFO provides CFO-level financial management and strategic support without requiring a company to employ a full-time CFO. Services may include management reporting, budgeting, forecasting, cash flow management, KPI analysis, and financial planning.

Q2. What is the difference between bookkeeping and Outsourced CFO services?

Bookkeeping focuses primarily on recording and maintaining financial transactions. Outsourced CFO services use financial information to analyze performance, forecast future results, manage cash flow, and support management decisions.

Q3. When should a company consider an Outsourced CFO?

There is no single revenue threshold. A company may benefit from CFO support when management needs regular financial forecasts, cash flow planning, profitability analysis, board reporting, or more sophisticated financial controls.

Q4. Can you prepare monthly financial reports for our Korean headquarters?

Yes. We can prepare monthly financial statements, management reports, budget-to-actual analyses, cash flow reports, intercompany reconciliations, and other schedules based on the reporting requirements of your Korean headquarters. We can also coordinate with the headquarters finance team to align the U.S. subsidiary’s accounting and reporting process with the parent company’s consolidation and K-IFRS reporting requirements.

Q5. Can Outsourced CFO services help with cash flow planning?

Yes. Cash flow forecasting can help management anticipate future cash needs, evaluate working capital, and identify potential liquidity issues before they become critical.

Q6. Can you support board or investor reporting?

Yes. Depending on the company’s needs, we can assist with financial analysis, management reporting, budgets, forecasts, and financial information used in board and investor discussions.

Q7. Can Dow & Sohn CPAs provide Outsourced CFO services for Korean companies in the U.S.?

Yes. Dow & Sohn CPAs provides Outsourced CFO and financial management services for Korean companies operating in the United States, with particular focus on coordinating U.S. accounting and financial reporting with the management and reporting needs of Korean headquarters.