What is a Virtual CFO?

A virtual CFO has many of the same duties as a traditional chief financial officer, but they work remotely as a third-party provider. They typically deal with smaller organizations that don’t have an executive in this position or the budget to hire one. They handle the financial dealings of a business, often using cloud applications to manage their affairs. They typically offer a suite of services ranging from financial planning to bookkeeping to budgeting. Some virtual CFOs work on an ongoing basis for a client whereas others work on a single project.