A Virtual CFO is a Virtual Chief Financial Officer and plays the CFO role on a part-time basis for a fraction of the cost with the full capabilities and resources of a full-time CFO. The role of the Virtual CFO is generally outsourced to an accountant who is able to help you beyond tax and compliance. Essentially, a Virtual CFO is your trusted business financial advisor caring about the financial health and well-being of your business and acts as a sounding board to provide financial sanity so you can focus on what you do best – running your business.

What services does a Virtual CFO provide?

 

  • Management reports are generated to provide businesses with a financial view of how their business is performing and is regularly reviewed with the owner. Often industry benchmarking is used to compare against your business

 

  • Budgets are put in place to drive business’ future directions and goals. The information is used to compare actual results generated in a specific period to assist owners in determining how their business is performing

 

  • Cashflow is KING! It is critical to every business. A business’ success is dependent on its cashflow. Cashflow is regularly monitored with the owners to create appropriate strategies

 

  • Bookkeeping must be kept in order and up to date ensuring transactions are recorded, allocated correctly and reconciliations are performed.

 

  • Systems reviews are implemented to ensure current processes and policies operate efficiently and effectively. Just because we have always done it this way does not mean it is the best way!

 

  • Cloud solution is often considered when setting up a Virtual CFO service. Cloud technology enables real-time reporting and helps gain insight to the business’ financial condition. It also enables 24/7 access from anywhere in the world as long as an internet connection is available. 

 

We offer a range of affordable fixed price advisory packages tailored specifically to the requirements of your business so contact us today!

 

A Virtual CFO is a Virtual Chief Financial Officer and plays the CFO role on a part-time basis for a fraction of the cost with the full capabilities and resources of a full-time CFO. The role of the Virtual CFO is generally outsourced to an accountant who is able to help you beyond tax and compliance. Essentially, a Virtual CFO is your trusted business financial advisor caring about the financial health and well-being of your business and acts as a sounding board to provide financial sanity so you can focus on what you do best – running your business.