OUTSOURCED CFO

As restaurant companies grow, the internal financial requirements grow exponentially .

RDS’ Outsourced CFO Service is designed for emerging growth clients who seek the expertise of an in-house Chief Financial Officer but do not have the need or resources to hire one on a full-time basis. On a part-time/consultancy basis, RDS oversees daily, weekly and monthly financial functions, as well as one-time and on-going activities that fall under the CFO umbrella. As each client’s needs vary, RDS will customize a program to suit individual clients’ needs and budget.

THE FOLLOWING CFO SERVICES ARE OFFERED:

  • Set up systems and spreadsheets for inventory and payroll
  • Set up transfer system
  • Review sales tax procedures
  • Review/evaluate employee file system
  • Observe and evaluate an inventory
  • Observe and evaluate a store management shift, opening and closing
  • Evaluate banking system
  • Review leases and prepare overviews
  • Set up credit card receivables.
  • Management of cash (cash transfers, prepare / review cash worksheet).
  • Prepare weekly cash flow
  • Review A/P with recommendations on what to pay
  • Interface with vendors
  • Supervision of inventories
  • Oversee production of weekly P&L statements.
  • Receive and review bank statements
  • Review each bank reconciliation
  • Production of financial statements
  • Interpret and review financial statements with senior management
  • Review all first-of-the-month payments
  • Prepare monthly reports
  • Set-up and monitor systems
  • Oversee employee benefits programs, including insurance and 401(K)
  • Oversee preparation of tax returns
  • Oversee audits
  • Review of licenses
  • Oversee legal issues
  • Review credit card rates and contracts.

Back-Office Overview

The report analyzes more than 50 back-office functions and delivers a report with overview, comments and recommendations for each. Included are accounting / bookkeeping procedures, human resources, financial controls, legal procedures and tax savings.

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Restaurant Business Plans

The RDS business plan is a battle-tested document that combines strategy and tactics to achieve a desired plan for growth. RDS’ clients have used the business plans to acquire financing, gain landlord confidence and investor support.

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Outsourced CFO Services

This service is oriented to restaurant companies that cannot afford or justify the expense of a full-time CFO. Included are budgeting, lease negotiation, insurance, accounting oversight and project finance.

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Financial Services

In addition, RDS provides a wide array of financial services oriented to the restaurant industry. Included are debt placement, financial analysis, lease review, landlord representation and international restaurant development.

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