Virtual CFO

Who is a Virtual CFO?

A Virtual CFO provides high skill assistance in financial requirements of an organization as like a Chief financial officer does to an organization.

Why Virtual CFO?

Startups and SMEs often prepare accounts only to comply the law like filing IT returns of GST returns etc. They do not prepare accounts to see whether their business is running profitability and where are the profits if any. They do not have the expertise of a professional who can look at their accounts and guide them to take right decisions by interpreting the data. In large companies they have a team of professionals headed by a CFO who does these activities. Small entities cannot afford to hire a full time CFO as their pay package would run in several lakhs, moreover such companies wouldn’t require someone full time. To bridge this gap we offer a virtual CFO Service wherein an experienced CA will look into your accounts on a monthly basis and guide you in the right direction by giving various reports periodically.

What we do?

We provide various types of services as a virtual CFO as follows based on the client’s need. Some of them are listed below:

1. Providing various MIS reports to management on a timely basis.
2. Inventory management
   • ABC analysis of stock items
   • Analysing Inventory turnover ratios
3. Debtors Analysis
   • Age wise analysis of Debtors
   • Review of credit policy
4. Analyzing,product wise/ service wiseprofitability
5. Working capital forecasting
6. Efficient management of funds
   • Preparing cash flow statements
   • Preparing fund flow statements
7. Location/ Branch wise profitability
8. Arriving at Cost of products or services
9. Estimation of cost of new products
10. Pricing for competitive bidding
11. Preparing CMA reports for banks
12. Preparation of various budgets and variance analysis