Virtual CFO

As your company grows, hiring a part-time chief financial officer can help you create financial strategies that complement your business strategy, supervise your accounting and administrative tasks, and put in place protections to reduce risk. At a fraction of the expense of a full-time employee, our skilled employees meet your needs.

Business Planning

Your virtual chief financial officer turns your company’s business strategy and operational goals into comprehensive financial projections (Balance Sheets, Income Statements, Cash Flow Statements, Department Budgets) broken down by month throughout the planning horizon. These forecasts highlight the need for funding, personnel, facilities, and equipment, for which action plans must be created. They also consider tax planning techniques to reduce liabilities while allowing for quarterly payments. Once plans are made, your virtual CFO assists you in setting performance standards and gives you the tools to monitor progress (actuals vs. forecast). You can start corrective action and reduce the impact of variations with the assistance of expert counsel. Additionally, profitability analysis by service or product line can highlight the need to increase margins through repricing and/or cost savings or offer possibilities to refocus sales efforts.

Risk Management

The main components of your company’s risk profile can be understood and mitigated by your virtual CFO. Creating internal controls is just one aspect of this role, which also encompasses the following:

  • Ensuring that the business abides by all statutory and regulatory standards
  • Ensuring that the business abides by all statutory and regulatory standards
  • keeping adequate insurance coverage
  • keeping track of active legal matters that influence the business
  • Managing interactions with outside auditors and examining their conclusions and suggestions

Financial Management

All facets of your company’s financial operations can be overseen by your virtual chief financial officer. This comprises:

  • Putting in place robust internal controls to ensure precise transaction processing and reduce the risk of fraud and theft
  • Whether internally, through our firm, or through a third-party service, we train and manage the accounting and payroll employees.
  • delivering financial reports and performance metrics within 15 days of the month's end
  • locating resources to meet capital and operational needs and taking the initiative to negotiate advantageous deals
  • maximising investment returns through the selection of suitable investment opportunities and the maintenance of connections within the investment community
  • putting up a cash reserve that is suitable for your business strategy, projected growth, and market outlook
  • examining and approving each and every tax return filed with federal, state, and local authorities, as well as any SEC filings that may be necessary.