Virtual CFO stands for Virtual Chief Financial Officer. Virtual CFO being a new concept is being used rapidly by Small Business to take care of all the financial fun A virtual CFO is an outsourced service provider offering high-skill assistance in the financial requirements of an Organisation. A Virtual CFO provides strategic, value add services to a startup that cannot be provided by an accountant.

Virtual CFO plays the following role and hence hiring a virtual CFO has the following advantages.

•  Oversee the financial planning, maintain and report on the financial activities, and manage financial risk of the business.
• Most of the time small business need a controller on a weekly or a fortnightly basis to oversee the happenings of the accounting, financial and other business processes are in system.
• Virtual CFO also offer one time help for the start-ups assisting with the strategic transactions, financial processes, business plans, and budgeting, so that the start-ups can focus on their core ideas leaving behind the finance and accounts to the well experience technical persons.
• By hiring the virtual CFO business can get the benefit of value-added services at reasonable costs and hence save time and money.