Choose your country to see content specific to your location   United States

What is a Virtual CFO?


There is a constant rise in small and medium businesses in Australia, indicating how the segment is growing. There is a manifold growth in responsibilities that keep adding to your workload when there is business growth, leaving your business porous at many places. Also, there is an ever-increasing need for having expertise on board with the business growth, but you might not want to hire a full-time CFO because of the cost or long term implications. This is where the role of Virtual CFO come to your rescue. Virtual CFO is also known as VCFO or outsourced CFO. It is a great way to get access to experienced individuals' guidance without incurring the high cost of hiring on the same full-time basis.

Having an outsourced CFO can be very beneficial for small businesses and startups alike. While hiring an outsourced CFO, you must ensure that they are well versed with the financial nitty-gritty of the industry your business belongs to. Also, as the service itself is virtual, you can hire global expertise who provide virtual CFO services in Australia. Doing so will also enable you to expand your business in different geographical boundaries. Virtual outsourced CFOs tend to have knowledge and experience of financial know-how from a global perspective.

If you are searching for an outsourced CFO services provider for your Australian business, you are in the right place. Whiz Consulting has provided outsourced CFO services for many industry businesses with their unique share of issues and problems. Our experienced virtual CFO has helped these businesses to overcome their problems and guided them in achieving their business goals. Whether you want an outsourced CFO in Sydney, Adelaide, Brisbane or Parramatta, we have got you covered. We provide the following Virtual CFO services:

  • Accounting & Bookkeeping
  • Implementing best financial practices for your business
  • Financial Analysis
  • Tax Planning
  • Tax Filing
  • Business Valuation
  • Funding Evaluation
  • Business Acquisition & Mergers

Star Qualities of our Virtual CFO


Educated & Qualified

We have experts who are qualified CPA, Chartered Accountant or Post Graduate in finance from an elite educational institute.

Industry Experienced

Our experts have over a decade of experience in accounting & bookkeeping outsourcing services in various industries.

Vision and Foresight

Our Virtual CFOs will help forecast and provide strategic recommendations to improve the outcome.

Big Picture Thinking

Our Virtual CFOs will arm your team with guidelines that help achieve final goals while improving efficiency in the smaller task.

Results-Oriented Mindset

Our Virtual CFOs with a result-oriented mindset are focused on getting what needs to get done.

Knowledge Expert in The Field

Our Virtual CFOs are experts in what they do and can help you better perform a finance department.

Adaptability

Our Virtual CFOs embrace change, and they find a better way to reach a goal. They learn more about the change and then pull the trigger without delay.

Leadership

Our Virtual CFOs are backed by our team of finance & accounting experts, which will equip your business with vast financial resources.

Need for Hiring a Virtual CFO Services


When your business is ready to move to the next level of growth, hiring Virtual CFO services provides your company with the strategic advice it needs; without the financial commitment or risk. Few other reasons why you need to hire Virtual CFO services are -

  • Cost-effective, outsourced instead of hiring a full-time employee
  • Highly experienced in accounting & financial function
  • Experience in diverse industry verticals
  • Experience in meeting the funding needs of the business
  • Experience in business planning and execution
  • Experience in implementing best financial practices for business
  • Extensive team leading experience

Our Process

Achieve effective consultation and outsource your bussiness hassle-free with online accounting services.

  • Establish
    Contact

  • Understanding
    Requirements

  • Work
    Proposal

  • Pricing and
    Contracting

  • Start
    Delivering

Frequently Asked Questions (FAQs)


Virtual CFOs can offer a wide range of services. However, the primary benefit is to supervise the financial planning, maintain and report on the financial activities, while managing the financial risk of the business. Other services may vary as per the need of the business. A business might require minimum virtual CFO services. At the same time, some businesses might require the virtual CFO to oversee the overall accounting and bookkeeping service.
Engaging a VCFO is not a necessity; however, it is an easy way to make sure your business gets financial advice while ensuring you do not burn a hole in your pocket. Having a Virtual CFO will ensure that your business financial risk is consistently managed and you can scale up your business to its maximum potential.
Virtual CFO is easily accessible by startups and small businesses. VCFO is hired primarily by startups and small businesses. The price of hiring a virtual CFO is a fraction of what it is to hire a full-time CFO. It is perfect for businesses and startups seeking financial advice but who are tight on budget.

Get 30 Mins Free Personalized Consultancy