What can a Virtual CFO do for your business?
                     What can a Virtual CFO do for your 
business?
What is VCFO?
VCFO is an acronym for Virtual Chief Financial Officer. Put simply, we are on-call CFOs, an efficient 
way  for businesses to achieve solid funding without the commitment and price of a full-time CFO.
But how is a VCFO different from an accountant or bookkeeper? I hear you ask. We help businesses  
strategize and operate to maximize their financial advantages. We glance behind the numbers and  
ensure business owners understand all their financial information in order that they can make informed 
 decisions. We are able to even sit in on planning and management meetings so we are across all 
aspects  of your business.
What services does a VCFO provide?
Most VCFOs offer subsequent services:
Management reporting and dashboard reporting
Management reporting gives businesses a financial view of how they're performing. A VCFO puts  
systems and tools in situ, including dashboard reporting – a visible representation of business key  
performance indicators (KPIs) – to live and generate this information, which is frequently reviewed 
with  the owner.
Cash flow modeling, reporting, and management
Cash flow is critical to business success. A VCFO will implement, update, and monitor cash flow  
forecasting and modeling, and work hand-in-hand with business owners to make strategies to 
manage  cash flow and assist in business growth.
Budget and forecasting preparation, analysis, and tracking
A VCFO will review and analyze a business’s prior financial results along with their strategic plans. They  
work with business owners to confirm their budgets drive towards the businesses’ future directions 
and  goals.
Finance process reviews
A VCFO will review current finance processes and policies and implement improvements to permit 
the  companies to work more efficiently and effectively.
Cloud accounting advice
A VCFO will find the foremost suitable provider and solution to suit a business’s needs and help with  
integration and implementation. For more information a couple of moves to cloud accounting 
please  click here.
More specialty services
So how can a VCFO help your business?
1. Help me! My business has no finance support…
A start-up has been managing its own finances, grappling with its financial records, and no time to 
plan  future growth.
A VCFO will:
a)Take charge of finance requirements to eliminate concern about who is answerable for their  
accounting function
a) Implement processes to streamline their accounting function
a)Implement cloud accounting to enable the business owner to access their accounting records on any 
 device, at anytime, anywhere
a) Implement basic reporting, that the owner understands how the business is performing.
2. But I already employ a bookkeeper
A thriving small business employs a bookkeeper, who is overseen by the business owner. because 
the  business grows, the owner needs advice about their increasing financial responsibilities and 
business  direction.
A VCFO will:
a)Review accounting systems and processes and make sure the correct systems and processes are in  
situ for a streamlined accounting function
b)Implement a reporting framework including a KPI dashboard to help in monitoring business  
performance
a)Implement a cash flow forecasting model to make sure the business stays on top of cash flow, given 
 increased expenditure and monitor regularly
a) Review payroll compliance and ensure all record-keeping is in situ.
3. I’m sorted. My business already employees a bookkeeper and accountant
A national business has engaged a bookkeeper to keep up its income statements and balance sheets 
and  an accountant to assist with tax and compliance. The owners want to expand but feel they have 
extra  support to try to so.
A VCFO will:
a) Implement and expand on all tasks for businesses with a bookkeeper outlined above
a)Work with the business and build a budget/forecast for the financial period. This budget would come  
with a profit and loss, record, and cash flow (three-way model).
a)Assist in developing their financial strategic plan during expansion, which might include a three- to the 
 five-year financial model. This model is going to be supported by key business metrics.
b)Work with the business to source finance via banks or potential investors and act as their advisor in  
these transactions.
Virtual CFO services Scottsdale
Searching for the best Virtual CFO services Scottsdale? Then, you are at the right place. At 
Nationwide  Management Consultants LLC, we provide Virtual CFO services to business owners who 
need the  expertise of a professional financial manager to guide daily business operations to success.