Virtual CFO

Small businesses now have so much choice that ordinary services like compliance, tax preparation, and basic bookkeeping are becoming commoditized. There's so little differentiation in this crowded market that the value of these services is being driven down.

Now more than ever, startups and corporates are looking for ways to run lean. There is pressure to make cuts to staff and outsource when possible, and this has led to a trend of hiring virtual CFO services over the more traditional in-house full-time CFO.

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The Virtual CFO is a new concept. It's a way for small businesses to get CFO support that they wouldn't have been able to afford previously.

Small businesses hire a Virtual CFO to get access to an experienced financial professional at a fraction of the cost of a full-time CFO. The services will differ from firm to firm, but usually, we will:

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• Handle all the duties of a traditional CFO, but work remotely and on a part-time basis.

• Monitor the financial health and well-being of the business.

• Offer financial insight and guidance on all company decisions and issues.

• Provide back-office functions such as managing accounts ledgers, depending on the client and their needs.

• Creates budgets and forecasts.

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