My Own CFO provides artificial intelligence tools to Business Owners and their Advisors including: (a) real-time dashboards; (b) a bespoke Action List showing how to improve cash flow and profitability; and (c) a great free mobile App.
How it works with QuickBooks
My Own CFO synchronises effortlessly with QBO delivering intuitive, real-time KPI’s and CFO level feedback on any size or business type. No input required. Download the free My Own CFO app to keep in touch with your business when you’re on the move.
My Own CFO synchronises effortlessly with QBO delivering intuitive, real-time KPI’s and CFO level feedback on any size or business type. No data input required. Download the free My Own CFO app to keep in touch with your business when you’re on the move. Dashboards across 4 trading periods with comparatives - No data input required.
Free 30 Day Trial, no credit card required
|User Plan - Desktop Portal and Free Mobile App
||Desktop Portal, Free Mobile App (iOS and Android), Intuitive real time dashboard, 11 Smart KPI Drilldown screens, Multiple trading period comparisons, CFO level performance commentary, Targeted Action List, My Reports generator.
|ProAdvisor Client Plan
||Free for ProAdvisors. Features a 'White Label' ProAdvisor Portal - You see what your client sees in real-time. There's no data input required at all. Choose to pay the discounted subscription or simply bill Clients with your regular invoice.
If you need any help using My Own CFO, we'd love you to get in touch. Our Support Team is based in Australia and please contact the team by either phoning or sending an SMS to the number listed below (we'll call you back), or leave a message on the website Chat portal or please email email@example.com.
firstname.lastname@example.org +61 437 347 113
Online support: https://myown-cfo.com/faq
After I’ve activated the connection to my QBO account, what happens next?
Our servers grab your financial data using very carefully managed links with QBO and we run a bunch of really smart algorithms over the numbers that populate the My Own CFO Dashboard and Key Performance Indicator Drilldown screens. From there, we provide a commentary to explain each KPI and show you where cash can be improved. An Action List summarises the situation and points you in the right direction to improve cash flow.
I’m still getting up to speed with financial terms. Can you explain what each of the Key Performance Indicators in the Drilldown screens mean?
Debtor Days – is a ratio used to work out how many days on average it takes a business to get paid for what it sells. Creditor Days – is a ratio measuring how long on average a business takes to pay its suppliers for goods and services. Inventory Days – measures the average number of days goods remain in inventory before being sold. Current Ratio – is an indication of the ability of a business to meet short-term debt obligations; the higher the ratio above 1.0, the more liquid the company is.
What trading periods can I see in the Dashboard and Drilldown screens?
There are 4 options for trading periods to be analysed in the Dashboard and Drilldown screens. Assuming today’s date is 15th March, the data comparisons available are: (a) Month to date 15th March v. Month of February; (b) February v. January; (c) February this financial year v. February last year (d) Year to date February this year v. Year to date February last year.