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To fully understand why let’s look at the difference between a bookkeeper and a CFO.Ī bookkeeper’s job responsibilities consist of preparing financial statements for you to review. Now, the word “CFO” is incredibly important here.

You’d partner with a consultant, which we’d call your CFO, and they’ll work with you to manage your business to hit your business objectives. Virtual CFO services are basically financial consulting services for businesses. In this post, we’re going to answer the question of… And that led to astronomical results in her business.

Working with a virtual CFO was one of the first times she had someone to focus on what she wanted for herself and her company. And what we needed to manage inside of her business to make her goals a reality.Īs a business owner, she always focused on what everyone else wanted – her clients, vendors, and her employees. We wanted to know what she wanted to accomplish in her business. Our CPAs came in and focused on her goals, specifically. So eventually, she hired our company for virtual CFO services, and we started adding value immediately. And as the sole owner of her company, she had to make these hard decisions all by herself. These were just extremely hard decisions that anyone would stress over. In no way, shape, or form, was she financially illiterate.

deciding to keep certain expenses on her Profit & Loss.

This client was extremely good at what she does, but she had a hard time making decisions around… Now, our client is on track to gross their highest revenue and profit ever in a calendar year. Meanwhile, we just helped a client flip a $30,000 net operating loss into a $40,000 net operating profit within just 5-months through our virtual CFO services. But you have absolutely no idea what this means, and if you even need it in your business. So you’ve heard of “virtual CFO services”.