A high-level executive in an organisation who is in charge of managing a company’s financial operations is known as a virtual CFO. In most cases, the CFO oversees cash management, investment strategy, risk management, cash flow planning and analysis, accounting, and financial reporting, among other finance-related tasks.
A CFO is in charge of all daily operations pertaining to the accounting, financing, and tax aspects of a company. An effective CFO is a forward-thinking, strategic individual who continuously projects future cash flows, financial performance, and resource needs far in advance of those needs.
The CFO, being a senior executive, serves as your business counselor, change agent, and, in certain cases, mentor in addition to being a strategic partner. If you want them to be involved, their job may also be to get hands-on or to grasp every facet of the business’s finances and management, among other things.
Hiring 24APlus for virtual CFO services has several advantages. We offer this service at an affordable price for start-ups wishing to deploy new systems and a budget process, medium-sized businesses needing to restructure their finance teams, raise loan or equity capital, or implement ERP systems.
| Services | Basic | Transactional | Controller | Virtual CFO |
|---|---|---|---|---|
| No. of employees in the office | < 10 | 10 to 20 | 20 to 50 | 50+ |
| Scheduled meetings with the management | 1 per month | 1 per month | 2 per month | 1 per week |
| Monthly accounts review | Yes | Yes | Yes | Yes |
| Assistant in monthly accounts review | No | Yes | Yes | Yes |
| Telephonic support | Unlimited | Unlimited | Unlimited | Unlimited |
| Preparation of annual budget | No | No | Yes | Yes |
| Preparation of JD for accounting staff | No | No | Yes | Yes |
| Preparation of JD for all staff | No | No | No | Yes |
| Staff Incentive Plan | No | No | No | Yes |
| Cash Flow Preparation | No | No | Yes | Yes |
| Payroll preparation and execution | Extra Cost | Extra Cost | Extra Cost | Extra Cost |
| VAT Accounting | Extra Cost | Extra Cost | Extra Cost | Extra Cost |
| VAT Tax Planning | Extra Cost | Extra Cost | Extra Cost | Extra Cost |
| VAT Return Filing | Extra Cost | Extra Cost | Extra Cost | Extra Cost |
| On the job training to accounting staff | Yes | Yes | Yes | Yes |
| Any Specific training | Extra Cost | Extra Cost | Extra Cost | Extra Cost |
| Performance Monitoring with budgets | No | No | Yes | Yes |
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Established in 2008, we have been providing consultancy services in Dubai for more than a decade. Our firm is the leading provider of accounting and bookkeeping services in Dubai.
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