Direct Tax Services
Audit
Consulting
ESG Advisory
Indirect Tax Services
RBI Services
SEBI Services
IRDA Registration
FEMA Advisory
Compliances
IBC Services
VCFO Services
Developed
Developing
BOTs
American
EU-1
EU-2
South East
South Asia
Gulf
ME
Select Your Location
The businesses nowadays want to float lean because of their limited resources. Efforts are being made by the management to cut down the permanent staff and outsource the work wherever possible. This has resulted in the rising trend of hiring virtual Chief Finance Officer (CFO) services over the more traditional in-house full-time CFOs. The advent of Virtual CFO services has allowed the small businesses and Small and Medium Enterprises to avail the services of a CFO at substantially lower remuneration. This article discusses the Virtual CFOs scope of work.
Table of Contents
The person who discharges the functions of a Chief Financial Officer of a company virtually is called a Virtual CFO. The main function of a Virtual CFO is to handle the company’s finances in a virtual mode and part time basis without the need to appoint such person on a full time basis. Virtual CFOs scope of work involves a variety of tasks which have been provided below.
The following services are included in the Virtual CFOs scope of work:
The biggest benefit of having a Virtual CFO is the kind of work that it does for small organisations and SMEs such as accounting, budgeting, maintaining cash flows, internal control, debt planning, corporate governance etc. It is the extensive Virtual CFOs scope of work that allows the small business owners to focus more on other important tasks of the business and leave the hassles of secretarial work to Virtual CFO.
The World Trade Organisation defines e-commerce as ‘distribution, production, sale, marketing...
Hotel Industry is one of the fastest-growing industries in India. This is one special type of i...
Before proceeding to understand how the internal audit of laboratories is done, I am sure that...
NBFC (Non-banking Financial Company) is a company which is registered under the Companies Act,...
Internal Audit is an investigation into the company's internal controls, which includes the cor...
Are you human?: 4 + 7 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
One of the top methods many business executives use is outsourcing financial accounting services. Being competitive...
21 Jul, 2023
The concept of Sandbagging means a situation where a party has a strength or an advantage or is in a powerful posit...
30 Jan, 2021
Chat on Whatsapp
Hey I'm Suman. Let's Talk!