Virtual CFO Services
Ongoing financial management for Calgary businesses that need regular reporting, forecasting and budgeting but are not ready for a full-time finance hire.
As a business grows, the owner needs more than a set of books and a tax return each year. Decisions about hiring, pricing, equipment and borrowing depend on current numbers and a view of what is coming. Larger companies have a chief financial officer for that. Many growing businesses do not yet have the volume of work to justify a full-time hire, and a Virtual CFO service fills the gap on an ongoing, part-time basis.
The service runs on a regular cycle. Each month or quarter we prepare management accounts from your bookkeeping, compare results against budget, and report on the key performance indicators that matter to your business, such as gross margin, receivables days or revenue per employee. We maintain a rolling cash flow forecast so you can see pressure points before they arrive, and we prepare the annual budget with you and track it through the year. You get a regular review meeting to go through the numbers and the decisions in front of you.
Virtual CFO is different from Business Advisory. Business Advisory is project-based guidance on a specific question, such as a financing application or a pricing review, with a defined start and end. Virtual CFO is ongoing financial management: the same reporting, forecasting and review, every period, built on your current records.
What's Included
- Monthly or quarterly management accounts and financial reporting
- Rolling cash flow forecasting
- Annual budgeting with budget versus actual reporting
- KPI reporting tailored to how your business operates
- Regular review meetings on results and upcoming decisions
FAQ
How is this different from Business Advisory?
Business Advisory addresses a specific question or project and ends when that work is done. Virtual CFO is an ongoing engagement that provides regular reporting, forecasting and review every month or quarter.
Do I need A4SB to do my bookkeeping as well?
Management reporting depends on current, accurate books. If your bookkeeping is kept up to date elsewhere we can work from it. If it is behind or inconsistent, we would recommend bringing it up to date first, and A4SB can do that work.
Is Virtual CFO a replacement for a full-time CFO?
It provides regular financial reporting and review for businesses that do not yet need a full-time finance hire. If the business reaches the point where a full-time role is justified, the reporting and processes already in place make that transition easier.
Need help with Virtual CFO Services?
Tell A4SB about your accounting needs and we can discuss the support that may be relevant to your situation.