Virtual CFO Services

CFO Services: A Budget-Friendly Option for Your Company

Hiring a Chief Financial Officer (CFO) or controller is beneficial to businesses of all sizes. However, many small business owners are concerned that they will be unable to afford it. Maybe you’ve been trying to take care of your business finances in your spare time (or neglecting them entirely), but you’ve quickly recognized it’s a lost battle because your skill lies elsewhere unless you’re an accounting professional.Fortunately, there is a cost-effective solution: outsourced CFO services on a part-time basis.

We’re in your corner because we’re experienced, knowledgeable, and trustworthy. When you use our outsourced CFO services, you get a dedicated, experienced financial professional who can assist you in making the difficult business decisions that will lead to your company’s future success. You’ll also have a better understanding of your company’s financial side thanks to hard numbers. No more wondering if you’ll be approved for that loan to acquire new equipment, or why you’re perpetually short on cash.

Services of a Dedicated CFO

Every firm, no matter how big or small, needs a CFO. We offer the skills — and experience — you need, whether you’re a start-up, have been in business for five years, or are ready to expand. Do you want to learn more about our CFO Services? Please use the form below to contact us. You’ll be glad you took the time to do so.

Talk to us
Our CFO Services
  • Prepare financial statements on a weekly, quarterly, or annual basis
  • Cash Flow forecasting
  • Payables and receivables analysis
  • Provide advice on improving cashflow and profitability
  • Tax planning that is strategic to your business goals
  • Observance of tax laws (Vat and payroll taxes)
  • Setup an accounting system with checks and balances
Our Specialties
Industries
  • Construction
  • Doctors, Dentist, Medical Services
  • Hospitality
  • Law firms
  • Manufacturing
  • Retail industry
  • Real Estate
  • Farmers
  • Service businesses
  • Local government
  • Sole proprietors

CFO Services Monthly Packages

Standard CFO Package

4 Sessions

/month

  • Budget preparation and review
  • Cash flow management & forecast
  • Weekly reporting on key financial indicators
  • Monthly Variance reporting
  • Financial Management
  • Reporting on Management Accounts
  • Support
Free Quote
Premium CFO Package

6 Sessions

/month

  • Budget preparation and review
  • Cash flow management & forecast
  • Weekly reporting on key financial indicators
  • Monthly variance reporting
  • Financial Management
  • Reporting on Management Accounts
  • Project based support
  • Capital fund raising
  • Financial contracts
  • Priority support
Free Quote
Elite CFO Package

8 Sessions

/month

  • Budget preparation and review
  • Cash flow management & forecast
  • Weekly reporting on key financial indicators
  • Monthly Variance reporting
  • Financial Management
  • Reporting on Management Accounts
  • Project based support
  • Capital fund raising
  • Financial contracts
  • Business plan development and implementation
  • Priority support
Free Quote

Learn more about our

monthly Virtual CFO Services

Growing or small businesses often reach a point where they need professional financial advice but simply can’t afford to pay for a full-time CFO services or Financial Management services. If you’re fortunate enough to be in this position then we have the perfect solution for you.  Our Virtual CFO services gives you a professional financial manager who works with you to help guide your business to success.The cost of hiring a full-time CFO can range anything from R540,000 to over R1200,000 per year plus bonuses and benefits. Our Virtual CFO services provides you with professional and experienced support at a small fraction of that cost

Our Virtual CFO services include: Better understanding of your business’ finances and cash flow, Experienced professional guidance for your business decision-making and planning, Training and support for your accounting staff, Improvement of company accounting procedures, Budget preparation and monitoring, Profitability analysis by service or product line, Tax saving strategies, Improved cash management, Liaison and negotiation with bankers, attorneys, and other associates.

CFO Services

How we work

1

Meet and greet

First lets setup a meeting to discuss your business needs by making an online booking.
2

Deep analysis of your financial position

We will take a snapshot of your financials and your current position, make recommendations and set benchmarks.
3

Weekly performance reviews

Weekly updates on how your business is performing including planned cashflow allocation and cost vs budget reporting.
4

Monthly Review

Strategic review of your monthly results to see if we are still on track to achieve our benchmarks. Actual cost vs Budget, YTD vs Forecast, Cashflow analysis with charts and trends.
5

Continued monitoring and support

We provide ongoing support through regular phone calls, emails and meetings. You can also book sessions with us at any time to discuss your financials.

Got a question?
No problem.

Ask away if you have any questions before switching to Petersen Business Solutions’ virtual bookkeeping and online accounting services. We’ll be pleased to answer any queries you may have.

There are a few common questions we get about our virtual cfo services. See if your question has been answered in the section below. If not drop us a line and we will be happy to assist.

Customer Service

Frequently Asked Questions

What are Virtual CFO Services?

Virtual CFO services provide growing or small businesses with professional financial advice and guidance without the need to hire a full-time Chief Financial Officer (CFO). It offers a cost-effective solution by providing a virtual financial manager who works with you to help guide your business to success.

How do Virtual CFO services benefit my business?

With Virtual CFO services, you gain access to professional and experienced support at a fraction of the cost of hiring a full-time CFO. The benefits include:

  • Better understanding of your business’ finances and cash flow.
  • Experienced professional guidance for your business decision-making and planning.
  • Training and support for your accounting staff.
  • Improvement of company accounting procedures.
  • Budget preparation and monitoring.
  • Profitability analysis by service or product line.
  • Tax saving strategies.
  • Improved cash management.
  • Liaison and negotiation with bankers, attorneys, and other associates.

How do we start working together?

To get started, we will schedule a “Meet and Greet” meeting to understand your business needs and discuss how our virtual CFO services can be customized for your specific requirements. This can be done by making an online booking through our website.

What is involved in the deep analysis of my financial position?

Once we understand your business needs, we will conduct a thorough analysis of your financial position. This includes reviewing your financials, current position, and making recommendations based on your goals and objectives. We will also set benchmarks to track your progress.

How often will I receive updates on my business performance?

We provide weekly performance reviews to keep you updated on how your business is performing. These updates will include planned cashflow allocation and cost versus budget reporting, giving you real-time insights into your financial performance.

What information is included on your Management Accounts?

We will provide you with a full set of Management Accounts that will enable you to make objective and clear decisions regarding your business and financial position. Included in your Monthly Management Pack:

  • Executive Summary
  • Balance Sheet with results for prior year, current year to date, forecast to budget,
  • Detailed Statement of Profit and Loss with results for prior year, current year to date, forecast to budget
  • Statement of Equity
  • Cash Flow Statement and Forecast
  • Debtors and Creditors Age Analysis
  • Financial solvency and Liquidity ratio’s
  • Human resource information (if applicable)
  • Notes and supplementary information
  • Tax Pack

What can I expect from the monthly review?

The monthly review is a strategic review of your monthly results to ensure that we are on track to achieve our benchmarks. We will analyse actual costs versus the budget, year-to-date versus forecast, and provide cashflow analysis with charts and trends. This review helps us identify areas that require attention and make informed decisions.

Can I continue to receive support after the initial setup?

Absolutely! We provide ongoing support through regular phone calls, emails, and meetings. You can rely on us for continued monitoring of your financials and to address any concerns or questions that may arise. You can also book additional sessions with us at any time to discuss your financials in more detail.

If you have any further questions or concerns, please feel free to contact us through the details provided on our website. We are here to support your financial needs and help your business thrive.

Managing Your Account

How do I manage my account?

Upon acceptance of your quotation you will have the option to prepay for the service in a month in advance after which a recurring monthly invoice will be sent with a payment link.

How do I cancel my account?

All our accounts run on a month to month basis, since you prepay for the service in advance you can cancel at any time.

Your turn to make a move

Like Nothing You've Seen. Sign Up Today & Experience our Service

Make a move