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Virtual CFO

The role of the Chief Financial Officer (CFO)

The Chief Financial Officer (CFO) of a company is responsible for the planning, implementation, managing and running of all the finance activities of a company, including business planning, budgeting, forecasting and negotiations. As part of an executive management team, the CFO will interact with various members of a company.  A CFO job includes:

  • Providing leadership, direction and management of the finance and accounting team
  • Providing strategic recommendations to the CEO/president and members of the executive management team
  • Managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting
  • Advising on long-term business and financial planning
  • Establishing and developing relations with senior management and external partners and stakeholders
  • Reviewing all formal finance, HR and IT related procedures

Why hire an outsourced / virtual CFO instead of hiring a full-time CFO?

A CFO makes an average of $136,000 per year. In addition, you also have to account for another 15%-20% of their salary for the related payroll taxes, insurance, and benefits.

Why risk hiring a full-time CFO not knowing if you can find a qualified candidate while you can hire a virtual CFO from us for a fraction of a cost.  All our virtual CFOs are experienced CPAs who possess the following skills and qualifications:

  • Ten or more years of work experience in an accounting or finance role
  • Master’s degree or higher in accounting, finance or a related field
  • Experience with hiring, training and supervising employees
  • Great interpersonal and verbal communication skills
  • Thorough knowledge of Generally Accepted Accounting Principles, standards and regulations
  • Experience with QuickBooks and most accounting software, ERP systems and databases
  • Strong understanding of tax codes and laws
  • Superior data management and data analysis skills
  • Strong time management and organizational skills
  • Ability to manipulate and analyze large data sets using advanced Excel skills
  • Excellent analytical and organizational skills
  • Strong attention to detail

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About Us

With over 20 years of industry experience and our state-of-the-art technology, our team can remotely handle all the accounting, payroll and administrative function for your company at a fraction of the cost of having an in-house employee or team. 

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  • Your Virtual Back Office
  • 800-567-1925