Looking for Best Virtual CFO Services

If the COVID-19 pandemic has taught businesses anything, it’s that they must be prepared at all times.

That’s why, in addition to preparation, you should have a high-level defensive strategy to deploy when unexpected events hit your business and cause financial stress.It’s no secret that businesses all over the world are facing financial stress as the pandemic continues to loom large.

This is often the first step in dealing with financial stress because it can show you where you are and where you want to be.

Then, the CFO creates strategies that help you get to your goals.Without strong financial systems and processes in place, your company can’t develop the right roadmap that will allow you to alleviate the financial stresses you’ve faced.Tax Planning and Compliance AdherenceCFOs are trusted advisors who help businesses maintain compliance with the latest rules and regulations.

Your CFO will be in charge of preserving compliance with government policies for your business during every transaction and funding round and can provide guidance during tax planning periods.Although this may not seem like a primary concern when your business faces financial stress, keep in mind that accusations of noncompliance can be time-consuming and costly.

They identify which business activities drove the change, such as inventory turnover and sales, to track how the company is doing and identify actionable insights.Your CFO should be able to ensure and assess the quality of the financial and operational data drawn from various sources.

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Virtual CFO.Growing businesses often reach a point where they need professional advice, but can’t afford a full-time CFO or Controller.

BlueSky Virtual CFOs help assist our clients in taking their businesses to the next level, providing quality advice on a regular basis at a fraction of the cost.Grow your BusinessEven if your accounting transactions are well-handled, a lack of senior level financial oversight may be preventing business growth.

A BlueSky Virtual CFO gives you the senior level advice and oversight that your business needs without the cost of a full-time hire.

BlueSky Virtual CFOs function within your management team and provide business advice through a financial lens.

This gives balance and strength to the management of your business.CostThe cost of hiring a full-time CFO can range from $100,000 to over $200,000 per year plus bonuses and benefits.

Our Virtual CFO services provide you with experienced support at a small fraction of that cost.BlueSky knows that as a small or medium sized organization, you may not have the resources available to hire a senior finance resource, despite needing access to that level of expertise.BlueSky Virtual CFO Services Include:  • One-on-one consulting (on or off site)• Setup of financial systems and controls• Financial modeling• Forecasts and budgets• Analysis of pricing and product decisions• Training and supervision• Inventory management• Accounts management• Forecasts and budgets• Industry benchmarking• Financing proposals for banks• Check writing for your approved bills• Disbursement of those bills with checks• Any other financial or accounting serviceFor More Detail: Virtual CFO Servcies USA