Virtual CFO Services  

The role of the company’s Chief Financial officer is to help the company reach its objectives.    Whether that is to report the most profit possible, save the most money on taxes, improve cash-flow, or obtain capital the CFO should be able to develop and implement a plan to successfully achieve your goals. 

The CFO relies on financial transaction data recorded over time to view the past, analyze the financial trends and predict the future.   These cannot be accomplished without having the proper systems in place.  CFO’s receive their data from bookkeepers and accountants.

Bookkeeping –The skill or practice of keeping books or systematic records of financial transactions.  

Accounting always relies on this first step. Bookkeeping is data entry of financial transactions. While data entry is a simple and routine task; a bookkeeper must have some knowledge of the company’s chart of accounts, operations, and basic accounting principles.   

It is true most people can perform data entry tasks. However, it is important that a bookkeeper have a strong working knowledge of your accounting software (example: Quickbooks Online), and a good grasp of beginner accounting principles.

We work with your in-house bookkeeper to ensure that systems are in place to ensure that data entered accurately reflects the transactions of the company.  We will train your bookkeeper in best practices for your industry, payroll procedures, and understanding of financial concepts. 

One of our first steps as your Virtual CFO is to ensure that you have a strong bookkeeper.  Remember, garbage-in results in garbage out.   While anyone can do data entry not everyone can be a good bookkeeper. 

Accounting –  The process of summarizing, analyzing and reporting financial transactions pertaining to a business under Generally Accepted Accounting Principles (GAAP). 

GAAP is a collection of accounting principles, procedures and standards set forth by The Financial Accounting Standards Board, a regulatory body that ensures standards for reporting on financial statements.

Financial statements are used to obtain vendor credit, secure loans, attract investors, determine taxes and report the financial performance of the company.

An accountant will perform a COMPILATION of your financial statements and issue an accountants report that the statements were prepared under GAAP.  

One of our first steps as your Virtual CFO is to ensure that you have a strong accountant.  Your accountant prepared financials reflect your company and you are responsible for their work.

Qualified CFO’s are responsible for financial reporting, maintaining relationships with creditors and investors, analyzing large capital transactions, Investment and tax planning, and employee benefits such as health care, insurance, stock options and qualified retirement plans.  Additionally, as discussed earlier, the CFO oversees all the accounting functions and even the human resource functions.

CFO’s salary’s average $120k in the U.S. and the 10 highest paid exceed $15 mil a year (  


These functions are very important to a growing enterprise. But, it’s not always feasible for small business to hire a full-time CFO.


We provide CFO services on a pay as you go, on demand basis.


Is a Virtual CFO right for your business?