Turbo Clarity

Fast-Track Financial Clarity
for Your Small Business

Achieve Clarity in 2 Steps

Step 1

8 Week Turbo Clarity

Sprint alongside an experienced accountant to get a foundation for clarity laid in only 8 weeks.

Leverage our proven process to go from a mess to a simple clarity in a very short time.

Step 2

Monthly Turbo Support

Done with 8-Week Turbo Clarity and looking for ongoing support?

Give your accounting a sustained “turbo” boost with help from our team of highly practical small business accountants.

Turbo Clarity is presented by

Be Your Own CFO

✅ Lunchbreak CFO – podcast

✅ Growing network of small business owners

✅ Instant access to question channels

✅ Access our growing library of accounting and tax tips.

Step 1

8 Week Turbo Clarity

How it Works

 

After acceptance, an experienced BYO CFO accountant lays your clarity foundation via the following steps:

 

  1. Creates a customized, streamlined chart of accounts and implements in QuickBooks.

  2. Anchors your balance sheet to your most recent tax return.

  3. Develops a month end closing process customized for your company.

  4. Uses that process to close the most recent month.

  5. Shows your team how to use the process on future months.

Once complete, the structure is there for your team to achieve Level 3 monthly clarity. If you want or need continued support, continue to step 2, Turbo Monthly Support.

 

Timeline

 

Week 1

 

  • 15-Minute Zoom Kickoff Meeting with BYO CFO accountant

  • Accountant access granted to QuickBooks.

  • Shared folder (e.g. Dropbox) set up to contain month-end folder structure.

  • Most recent corporate tax returns provided by you.

  • World-Class Chart of Accounts Questionnaire to be filled out by you and sent back to BYO CFO.

Week 2

 

  • First draft of new chart of accounts created and sent to your team for review.

  • Entries made to anchor your balance sheet to most recent corporate tax return.

Week 3

 

  • Chart of accounts review notes received from your team.

  • Changes implemented, and second draft of chart of accounts sent to your team for review.

  • Month-end folder structure and work papers set up in Dropbox (or other shared folder).

  • Work begins on closing out most recent month-end.

  • Mid-project 30-minute Zoom meeting to review progress and next steps.

Week 4

  • Chart of accounts finalized and implemented in your accounting system.

  • Initial month-end review questions sent to your team.

Week 5

  • Continue work on month-end.

  • Back-and-forth communication with your team.

Week 6

  • Continue work on month-end.

  • Back-and-forth communication with your team

Week 7

  • Most recent month-end closed and final.

  • QuickBooks locked through closed month.

  • Completed balance sheet and income statement sent to your team.

Week 8

  • One-hour Zoom meeting with your team to review/discuss:

    1. Completed month-end financial reports

    2. Ongoing month-end closing process.

    3. Suitability of moving to Monthly Turbo Support.

  • 8-Week Turbo Clarity complete!

 

Pricing:

Pricing is based on company revenue and BYO CFO membership status. BYO CFO members receive a 10% discount. See pricing chart below.

Regular Cost $2,500

BYO CFO Platinum member Cost $2,250

Regular Cost $4,250

BYO CFO Platinum member cost $3,825

Regular Cost $6,500

BYO CFO Platinum member Cost $5,850

Step 2

Monthly Turbo Support

How it Works


Upon acceptance, you are assigned a dedicated BYO CFO accounting advisor. The advisor serves as a guide and coach to keep your clarity efforts on track.

 

Here is included with the Monthly Turbo Support package:

 

Initial 1-hour Zoom kickoff meeting with your team to determine:

  • Who on your team will be responsible for each part of the month-end closing process.

  • Target date for month-end work to be completed (by your team) each month.

  • Target date for BYO CFO advisor to complete the monthly review and email any review notes or recommended changes.

 

Ongoing monthly support to help your team execute the above targets.

  • Your personal advisor will:

  • Send reminder emails/texts as target dates approach.

  • Do a high-level review of your team’s month-end work by the date agreed upon in Step 1.

  • After the review, send an email with any suggested changes or corrections.

  • Send a monthly wrap-up email with final financial statements and analysis.

     

Quarterly 45-minute Zoom meeting (pre-scheduled) to discuss:

  • Quarterly and year-to-date financial results.

  • Progress on clarity initiatives.

  • Any other applicable recommendations on pricing, bookkeeping efficiency, financial software, etc.

     

Access to a Direct Messaging (DM) channel monitored by BYO CFO accounting experts:

  • Privately ping the BYO CFO team with any accounting-related question.

  • Receive a reply within 1 business day, but generally much faster.

  • If necessary, the reply may be a live screen share or phone call.

 

Pricing:


Pricing for Monthly Turbo Support is based on company revenue. See pricing chart below.

Schedule a free 15 minute call today!