CFO Services Group
ACCOUNTING SERVICES
Overview
Raised: $60,450
Total Commitments ($USD)
Platform
SMBX
Start Date
08/30/2021
Close Date
11/30/2021
Min. Goal
$25,000
Max. Goal
$100,000
Min. Investment
$10
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/04/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$664
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2012
Industry
Business Services, Software, & Applications
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
CFO Services Group is raising funds on SMBX. The company provides management accounting solutions for businesses, including small businesses, startups, law firms, government contractors, associations, and non-profit organizations. The services offered help to save time, relieve pain, and provide insights to customers to run their businesses with a calm mind. The professionals of CFO Services Group handle customers’ books and give them valuable real-time feedback. Manny Cosme founded CFO Services Group in 2012. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for digital marketing development, contracting an outsourced marketing firm, and outbound email prospecting.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$550,864 |
$366,214 |
|
COGS |
$262,609 |
$235,377 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$31,324 |
$-82,317 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$63,602 |
$6,574 |
|
Accounts Receivable |
$40,089 |
$32,584 |
|
Total Assets |
$105,202 |
$40,668 |
|
Short-Term Debt |
$58,227 |
$55,486 |
|
Long-Term Debt |
$119,645 |
$56,776 |
|
Total Liabilities |
$177,872 |
$112,262 |
Financials as of: 08/30/2021
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.