Cost Savings
Whether you realize it or not, your costs (in time and money) are likely more,
perhaps much more, than the monthly cyberCFO fee of $1050 ($1250 with the
optional payroll service)...particularly when you consider the cost of the time
you and your team spend on financial management and monitoring.
Below is how cyberCFO's cost compares to a traditional dental practice's
investment in time, energy and money.
Typical Practice Accounting Tasks (minimum)
Estimated MONTHLY Cost To the Practice
Stand-alone
cyberCFO
Monthly support with observations/recommendations of
accounting considerations from specialized eVisor
$180
Included
W-2 preparation (one time per year)
$40
Included
1099 preparation (one time per year)
$40
Included
Vendor tracking, prior payables, etc. (6 hrs x $25/hr team
member)
$150
Included
Monthly financial statements
$380
Included
Practice and industry-specific expense comparisons and
monitoring
$150
Included
Annual financial goals review with added monthly
accountability of year-to-date comparison
$150
Included
Timely bank reconciliation with comparison to month end
practice report
$92
Included
Team accountability (Doctor or professional monitoring: 3
hrs/mo x $250/hr)
$750
Included
Payroll (including quarterly, annual payroll tax return
filings)
$230
$200 (optional)
Total:
$2,162/month
$1,250/month
The direct savings is over $1,000/month regardless of which option you choose!
And this does not take into account the value of the cost savings and revenue
increases that will result from the consulting services provided by your
cyberCFO.
cyberCFO: A wise investment that pays for itself!