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Virtual CFO services are provided to the businesses who have not appointed an in-house CFO (Chief Financial Officer). In the present scenario, many challenges are being faced by the organizations in terms of growth, financial aspects, accounting as well as management.
For this an officer is required to be appointed who can be primarily responsible for managing the financial risks, financial reporting and record keeping as a higher management of the Company. Thus a virtual CFO shall be there to meet the challenges effectively by providing the financial and professional advice, analysis and support to the management.
CFO is a recognized management authority which is sometimes out of budget for small enterprises, startups and SMEs. Therefore there is a requirement to have a virtual CFO.
- Preparation and explanation of management accounts
- Cash flow projections
- Budgeting – interim and annual
- Overview of Bookkeeping and Month end closes
- Debtor and creditor management
- Project management of the financial component of new ventures
- Compliance management – Corporate, Taxation and Listing laws
- Review and assessment of internal controls
- C-Level Recruitment support and guidance
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