You need a company with the right combination of skills and experience to support your outsourcing needs. However, it is possible to find a company that offers a solution for your virtual needs. They can help both in the beginning and in a growing business, and only for as long as you need it.
It can help you with accounting, outsourcing, controlling, as well as virtual CFO services and part-time CFO consulting services. All of these services include products that can help you with your business needs.
A virtual CFO can provide you with asset tracking, audit assistance and preparation, tax return assistance, and sales tax compliance. You will also receive support with assistance with sales tax audits, checks, and payables, invoicing, and A/R billing. The reporting department will have support with onboard packages, management reports, corporate boards, company metrics, and variance analysis reports.
It is also part of the virtual CFO service to assist you with 409A reviews for cash investment evaluations, and money management guidelines. You will also receive assistance in managing banking relationships and managing audit relationships.
Virtual CFOs include financial management, operational financial plans, strategic business plans, revenue recognition strategies, profit improvement plans, and investor management. They can also provide assistance with licensing agreements, efficiency benchmarking, capital raising and execution, venture capital financing, and private equity financing.
A virtual CFO service can also assist you with services such as hiring, salary, and benefits, as well as new hiring requirements such as job descriptions and salary adjustments and processing. If you need help with a specific project, there are part-time CFOs who can give your company a growth structure.