Virtual CFO Services

Offering virtual CFO services is a great way to help small businesses and start- ups manage their finances. By employing a virtual CFO, one can receive professional financial management services without leaving your business. Virtual CFO service is also known fractional CFO services, outsourced CFO services, or part-time CFO services. CFOs are responsible for overseeing and ensuring the financial health of an organization. They help CEOs to appraise their business decisions and make sure operations are meeting company goals, rather than getting involved in day-to-day operations and tasks. A virtual CFO may be a single person or an entity that functions just like the Chief Financial Officer of large organizations.
A CFO identifies and manage the bookkeeper or controller, to ensure that you have reliable data. They can then interpret the results and provide insight into your strategies and financial management. As a result, you'll have accurate data to improve your sales outcomes. This will tell you where your sales are coming from, the time it takes for goods to be shipped after an order, and how much money you're spending on marketing campaigns.

Benefits of a Virtual CFO Services 

 Virtual CFO offers traditional accounting services such as month-end financial statements, bank reconciliation, and management reporting
 vCFOs provides snapshot of financial insights and key performance indicators through monthly MIS and Adhoc reports 
 Virtual CFOs manages compliance in terms of corporate governance, income tax and TDS, GST, company law, and labour law
 VCFOs manages finance and preparing accounts like cash flow management, receivable management, payable and vendors, fund management, treasury operations, etc.
 Capitalizing on opportunities by preparing P&L budgets, Cash flow budgets, Cost sheet variance, Group level budgets, and variance analysis are also done by VCFOs
 Virtual CFO monitors departmental heads in agile decision making along with scenario planning, and decentralized decision making
 It also Providing guidance and advice to the CEO and board of the companies/start-ups on a range of other issues
 It also determines whether a start-ups/company’s business model and financial processes are fit for present and future purposes
 Restructuring, M&A, and succession planning
 Ongoing review of risk exposure
Services Virtual CFOs Offer
 Financial Strategy
 Budgeting and Forecasting
 Financial Reporting
 Board Meeting Preparation
 Implementation of financial systems and processes
 Maintain relationships with external parties
 Manage Cash Flow
 Debtor And Creditor Management
 Setting Up An Accounting System
 Growth Plan

Virtual CFO services usually DON'T offer: 

 Carrying burden of all things legal
 Management of HR/Admin (benefits, insurance, hiring/firing of non- finance staff)
 Daily, in-person participation with executive management team
 One-stop for all investor relations