Question
What would a Virtual CFO do for my company?
Answer
It depends on your company’s needs. The short answer is that which your own CFO or controller would do. The difference is we have more experience and expertise on which to draw, and we only charge you when we are there.

Question
Does “virtual” mean that Virtual CFOs are only available online or over the phone? What if I need someone onsite?
Answer
The “virtual” in Virtual CFOs actually refers to the fact that we are not full-time employees. Otherwise we are very real. We work almost exclusively onsite at the client’s location where we can be most effective.

Question
Why do I need a Virtual CFO if I have a Public Accountant?
Answer
Virtual CFOs are professionals in financial management. That is all we do. Public Accountants are professionals in taxes, financial statement preparation, and auditing. Asking your Public Accountant to assist your company in financial management and strategic planning is a little like asking your architect to build your building.   (For more on this topic, see the Articles section of this website.)

Question
Why do I need a Virtual CFO if my company has a controller?
Answer
You probably do not need a Virtual CFO if your controller:  provides you with timely, accurate, and insightful financial and operational information about your business; is the person you trust to help you create and update your strategic plans; can help you assess your organizational efficiency; is helping you lead your company to the next level; has assembled a talented and professional accounting staff; can put together a financial package, effectively present it to your banker, and get the financing you need. If your controller cannot do these things, a Virtual CFO can.

Question
Is having a Virtual CFO expensive?
Answer
The idea of having a Virtual CFO is that your company only uses him for things that do not occur every day. Your staff is (or should be) able to handle day-to-day activity. (See our list of services on this website for areas in which your Virtual CFO can be used most effectively. For these areas you should be looking for quality financial management, not quantity. One key decision based on the right information can make all the difference to your company.) A Virtual CFO only works for you when you need him. It might be a day a week or a day a month. The cost at a day a week is less than half of the cost of a full-time controller.

Question
What if I don’t think I need a Virtual CFO every week? What if I just have a project I need completed?
Answer
Virtual CFOs will complete the projects your staff cannot.