A Virtual CFO for Law Firms That Are Growing Faster Than Their Numbers
Booxmax provides bookkeeping, payroll, and controller and CFO-level advisory.
Bookkeeping tells you what happened. A virtual CFO helps you decide what is next: whether you can afford the hire, the new practice area, the bigger draw. Backed by the numbers, not a hunch.
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When revenue grows but the bank account does not
A familiar pattern: billings are up, everyone is busy, and yet partner draws are flat and cash feels tight in months that were supposedly profitable. That is rarely a revenue problem. It is a visibility and timing problem: work tied up in unbilled time, invoices sent late, receivables aging, draws set by feel instead of by forecast. A virtual CFO names the cause, whether unbilled time, billing lag, or aging receivables, and forecasts cash month by month, so draws stop being a guess.
The questions a virtual CFO helps you answer
- Can we afford to hire another associate, and when does that hire pay for itself?
- Is this practice area actually profitable, or just busy?
- How large a draw can partners take this quarter without starving operations?
- Why was a profitable month still tight on cash, and how do we smooth it?
The numbers we put in front of you
- A KPI dashboard: realization, utilization, collection rate, work in progress, receivables aging, and profitability by matter and practice area.
- A rolling cash-flow forecast, so you see tight months before they arrive, not after.
- Practice-area and partner economics, so growth decisions rest on data.
Partner pay without the guesswork
Draw and distribution structures tend to grow informally until no one can explain or predict them. We model the cash impact of different draw, distribution, and year-end true-up scenarios, so the partnership can decide with eyes open. We model cash impact only. The tax treatment of any draw, distribution, or true-up routes to your tax preparer, and the partnership agreement and the legal terms of compensation stay with you and your counsel. We bring the numbers behind the decision.
What we do, and what we don’t
We provide bookkeeping, payroll, and controller and CFO-level advisory. We do not prepare tax returns, give legal advice, or give investment advice. We do not select securities or funds, and we do not set your partnership’s legal terms. Tax filing routes to your tax preparer. Legal and partnership terms route to your counsel. Our lane is your firm’s operating numbers and the decisions they inform.
Who this is for
Growing firms that have outgrown “the bookkeeper sends a report” but are not ready for a full-time finance hire. Advisory engagements are scoped to a written agreement and partner-reviewed before any work begins.
[ Book a 20-minute strategy call ]
FAQ
How is this different from bookkeeping? Bookkeeping records what happened. A virtual CFO uses those records to forecast, budget, and guide decisions going forward.
Do you replace our CPA? No. We keep and interpret your operating numbers; your CPA files the return. We hand them clean books.
Do you give tax or investment advice? No. Tax routes to your preparer, and we do not advise on investments at all. Our advisory is operational finance.
Are you local? Yes. Booxmax, Inc., Burbank, CA, serving the LA metro.
This page explains general financial-management mechanics. It is not tax, legal, or investment advice. Tax matters route to your tax preparer; legal and partnership terms to your counsel. Advisory engagements are scoped to a written agreement.
Booxmax, Inc. · 224 E Olive Ave, Ste 217, Burbank, CA 91502 · (818) 485-2669 · Info@booxmax.com · booxmax.com