A part-time virtual CFO service may offer smaller businesses credentialed and experienced financial advising more cost competitive than an in-house CFO.
Generally, owners of startups and recently established businesses take on financial duties including accounting, budgeting, reporting, cash flow strategy and tax compliance. A part-time CFO may be helpful for any business. A CFO may provide insights to improved operations, contracts, or vendor relations, resulting in better profit margins and cash flow; strategy in balancing debt and equity funding; and maximizing tax savings. These duties are generally too much for a CEO as a business expands.
- Bookkeeping: starts at $430 per session or monthly
- Tax Strategy Advisory: starts at $400 per session or monthly
- Chief Financial Officer (part-time): $1500 monthly (incl. tax advisory)
- Tax Preparation: TBD based on complexity and existing services