Take your tech or creative startup to new heights
At Virtual CFO Solutions, we work closely with your business (and startups!) because we understand them. Our number one goal is to accelerate growth so owners and founders can take their business to the next level. We’ll help manage cash flow, keep investors happy, and create strong efficiencies in the operations and business processes.
| Service | Start Up | Early Stage | Growth |
|---|---|---|---|
| Automation Plan | Lite Plan | Full Plan | Full Plan |
| Bookkeeping | Monthly | Monthly | Semi-monthly |
| Accounts Payable | Monthly | Monthly | Semi-monthly |
| Payroll | Support Only | Full Management | Full Management |
| Month End Reporting | 30 Days After Month End | 20 Days After Month End | 15 Days After Month End |
| Sales Tax Compliance | Quarterly or Annual | Quarterly or Annual | Monthly, Quarterly or Annual |
| Year-end Close Support | X | X | X |
| Budget Prep and Review | N/A | Annually | Quarterly |
| Cash Flow Forecast and Review | N/A | Quarterly | Monthly |
| KPI Metric Review | N/A | N/A | Monthly |
| CFO Growth Calls | N/A | Quarterly | Monthly |
| Support | Start Up | Early Stage | Growth |
|---|---|---|---|
| Account Manager Email Questions | Unlimited | Unlimited | Unlimited |
| CFO Email Questions | 2 Quarterly | 2 Monthly | Unlimited |
| Tech | Start Up | Early Stage | Growth |
|---|---|---|---|
| Xero | x | x | x |
| HubDoc | x | x | x |
| DataDear | Monthly | x | x |
Looking for something different?
We are happy to customize our packages to meet your unique business needs, including Virtual CFO advisory only options. Send us a message!
FAQs
What services does Virtual CFO Solutions offer?
We offer anything from bookkeeping and day-to-day accounting support up to CFO consulting, which includes cash flow, budgeting and forecast planning. Our packages can be customized to fit your company’s needs and can be adjusted up or down as you grow!
We also offer the option to “hire” a part-time contract CFO or Controller if you need someone more hands on for your business.
What is your pricing?
Pricing is something we usually determine after our initial consultation. Since our packages are customized based on each size and nature of business it isn’t something we can quote until we have an initial conversation to determine what you are looking for on a monthly basis. See our 3 main packages here to see where you might fit before our consultation!
What is a Virtual CFO?
A Virtual CFO has various terms. However, in our words, it’s simply a part-time Chief Financial Officer, or Controller who manages the finance and accounting function of a business virtually. The tasks include but are not limited to bookkeeping and day-to-day work, financial review and reporting, strategic planning and forecasting, and cash management.
When do I need a Virtual CFO?
It all depends on where you are at with your business. The idea is to take away the tedious accounting work from business owners so that you can focus on doing what you do best – growing your business! At the same time, understanding where your business is financially is so important when you are looking to grow or plan for the future. We’ve had clients come on board within the first few months of incorporation! The benefit of this is that all the accounting apps and processes are set up right away to create a strong foundation as they grow.
What's the difference between a bookkeeper, a controller, and a CFO?
We think of a “Virtual CFO” as almost everything in one. The benefit of having a virtual CFO is that you are technically getting someone (or a team) that will provide each level of service for you. Typically, a full finance team would look like this:
- Bookkeeper: manages the day-to-day bookkeeping, runs payroll, processes payments, and closes the books each month.
- Controller: manages the bookkeeper, reviews and oversees the financial processes, manages cash, and has full control of the finance function of the business
- CFO: manages the Controller, reviews financials, offers strategic support on budgeting, forecasting, and growth opportunities
Depending on the Virtual CFO package you go with, you could potentially get a small piece of each one of these roles. However, usually clients will start with a bookkeeper/controller role until they are ready to grow and require more strategic CFO advice.