FAQs

What we can do for your company

Are you confident in your strategic planning process?

Frequently Asked Questions

Virtual CFOs can help your business be more profitable and efficient.

Q:

What would a Virtual CFO do for my company?

A:

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.

Q:

Does “virtual” mean that Virtual CFOs are only available online or over the phone? What if I need someone onsite?

A:

The “virtual” in Virtual CFOs actually refers to the fact that we are not full-time employees. Otherwise we are very real. We work onsite or remotely, depending on where we can be most effective. 

Q:

Why do I need a Virtual CFO if I have a Public Accountant?

A:

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.

Q:

What is the difference between a Virtual CFO, a part time CFO, a fractional CFO, and a financial management consultant?

A:

They are all terms used to describe a highly skilled financial professional who can provide a company with financial expertise and leadership that they would not have unless they had a full time CFO.

Q:

Why do I need a Virtual CFO if my company has a controller?

A:

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.

Q:

Is having a Virtual CFO expensive?

A:

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.

Q:

What if I don’t think I need a Virtual CFO every week? What if I just have a project I need completed?

A:

Virtual CFOs will complete the projects your staff cannot.

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Are you ready to take your business to the next level? Contact us today to hear more about Virtual CFOs innovative solutions to help your business.

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