Who is a CFO?
A CFO is typically responsible for managing the day-to-day activities related to the accounting, finance and tax aspects of a business. A good CFO is forward-looking, strategic, constantly forecasting future cash flows and financial performance so that resource requirements, including financing facilities, can be identified and addressed well in advance of their requirement.
As part of your senior management team, the vCFO is a strategic partner as well your business advisor, agent for change and, in some instances, mentor. He/she will of course be hands-on, getting to grips with all aspects of the finance and administration of the business and other areas you may wish them to be involved in.
Why hire 24A Plus vCFO?
When you hire 24A Plus Consultants for virtual CFO Service, you tend to gain several benefits. We can provide this service at a cost-effective rate to start ups looking to put in place a budget process and new systems, to a medium size firm looking for a finance team restructure, looking to raise debt or equity capital or ERP system implementation.
- Our Virtual CFO Service is cost effective to clients’ business
- Our CFO has over a decade’s experience across various industries
- Our outsourcing model allows companies to hire talent for only the hours needed to fill a particular role or achieve a particular goal.
|No. of employees in the office||< 10||10 to 20||20 to 50||50+|
|Scheduled meetings with the management||1 per month||1 per month||2 per month||1 per week|
|Monthly accounts review||Yes||Yes||Yes||Yes|
|Assistant in monthly accounts review||No||Yes||Yes||Yes|
|Preparation of annual budget||No||No||Yes||Yes|
|Preparation of JD for accounting staff||No||No||Yes||Yes|
|Preparation of JD for all staff||No||No||No||Yes|
|Staff Incentive Plan||No||No||No||Yes|
|Cash Flow Preparation||No||No||Yes||Yes|
|Payroll preparation and execution||Extra Cost||Extra Cost||Extra Cost||Extra Cost|
|VAT Accounting||Extra Cost||Extra Cost||Extra Cost||Extra Cost|
|VAT Tax Planning||Extra Cost||Extra Cost||Extra Cost||Extra Cost|
|VAT Return Filing||Extra Cost||Extra Cost||Extra Cost||Extra Cost|
|On the job training to accounting staff||Yes||Yes||Yes||Yes|
|Any Specific training||Extra Cost||Extra Cost||Extra Cost||Extra Cost|
|Performance Monitoring with budgets||No||No||Yes||Yes|