How about a virtual CFO for your small business?

People usually think of a Chief Financial Officer (CFO) being a role fit for a large corporation and that it shouldn’t be considered for small businesses. This is technically correct as cashflow can be tighter in small businesses however, why not consider the next best thing? A management accountant…

CFO vs Virtual CFO (Management Accountant)

CFO Management Account
Tracking Cashflow ✔️ ✔️
Financial Planning ✔️ ✔️
Identify Trends ✔️ ✔️
Budgeting ✔️ ✔️
Tax Compliance ✔️ /✖️ ✔️
Reporting Compliance ✔️ /✖️ ✔️

It is clear from the table above that a management accountant becomes your virtual CFO and usually at a fraction of the cost.

Even for large business it can be difficult to find a CFO that keeps you tax compliant as well as keeping up with the annual reporting requirements .. this is where your accountant shines by being able to provide the expertise in all areas.

You will already paying your accountant to produce your year end accounts and tax returns but by seeking out the management accounting services in addition, you can get much more value from your accountant.

Here at NealFord we can help you if you think it’s time to refocus and are ready to grow your business to the next level with the help of a virtual CFO. Let’s have a quick chat and see if this service is suitable for you. 

Contact us on: 0162544821307479023080 or email us at: admin@nealford.co.uk

Published
4th August 2021