A vCFO does exactly the same thing
as an in-house CFO does. The difference
is in the cost. In-house CFO's can make up
to $500,000 per year. Not to mention he is
going to need an office, an executive assistant, taxes will have to be matched. Let's not forget Bonus money either. There are a lot of costs involved to hire a CFO full time. Most companies simply can't afford that.
Say hello to the new standard, the Advanced vCFO and Premium Bookkeeping Firm. The new standard is a vCFO and vBookkeeper as well. We offer both services here at Innovative Calculations. A vCFO operates as a bookkeeper and a financial expert on company matters.
The primary duties of a CFO include overseeing and managing a business’ financial operations and making giving key information to the CEO/Owner so he can make informed decisions. The vCFO services allow you the flexibility to agree to terms on services provided and the monthly fee.
The vCFO has lots of responsibilites, and one of his main concerns, is the Cash Flow Management. This encompasses a lot of the books that are being kept. It is necessary to let the vCFO be in charge of the books to ensure that all records are being kept correctly and accurately. Without Premium Bookkeeping, the vCFO numbers will be skewed.
Cash Flow Management and the Cash Conversion Cycle need to running as efficiently as possible in order for the company to meet its financial responsibilities for the month, year, and the future of the company as well.
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