Virtual CFO Services
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 that hire a Virtual CFO get access to an experienced financial professional at a fraction of the cost of a full-time CFO.
Having access to a Virtual CFO can be a big benefit for a small business. Most of them can't afford an experienced, knowledgeable CFO on a full-time basis and may never consider hiring one. That's a problem, because many small businesses fail within the first three years. Reasons include failure to set themselves apart from the competition, and an inability to find a profitable business model. With an accounting professional acting as their Virtual CFO, they could keep their financial goals and realities clearly in sight.
A virtual CFO will:
- 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, usually with cloud technology.
- 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.
It will help in:
- Creating budgets and forecasts.
- Pinpointing problem spending by highlighting trends in the market.
- Validating or discouraging business decisions with financial well-being in mind.
Cloud solutions can share data, making it easy to synchronize and transfer data between different systems.
Cloud accounting software gives you real-time reporting and analytics features. These help you gain insight into a client’s financial condition.
Cloud accounting and business management solutions are accessible anytime, anywhere. This means you can offer Virtual CFO services to your clients from any location.
Our vision is to empower businesses - big and small - take better financial decisions, every single day. To know about RealBooks in detail Click Here