The scope of work for a Virtual CFO (Chief Financial Officer) is highly customized depending on the particular financial needs of your business. As your new Virtual CFO, JVMA Financial will oversee the financial planning and reporting of all financial activities of your business will allow for cash flow forecasting. In addition, JVMA will manage your company's financial risks of the business.
A few of the services that you will receive with JVMA Financial acting as your Virtual CFO:
Tax planning for the current fiscal year
Bookkeeping
Data Processing
Bank Reconciliation
Invoicing
Accounts Receivable
Accounts Payable
Financial reporting
Cash flow management
Debt reduction
Financial risk management
Cost management
What are some of the benefits of hiring A Virtual CFO?
1. The duties of the position can evolve as your business grows. The financial needs that you have as a business earning $300,000 per year will be much different than when you are earning $1,000,000 or $5,000,000 per year. JVMA Financial will continue to provide superior services and financial advice as you navigate through every phase of your business growth.
2. Hiring a Virtual CFO is less costly then hiring a full time employee. Did you know that the average salary of a Chief Financial Officer (CFO) in the United States is $364,000?! If you are a startup or a business earning less than $5,000,000 per year, then hiring a full time CFO is cost prohibitive. It is simply not an option. But, you still need to have the knowledge and expertise of a trusted and experienced professional who can provide the financial perspective that your company needs. That is where JVMA Financial Services comes in. Our Virtual CFO services provide the financial expertise that you need at a fraction of the cost.
3. A Virtual CFO can help your business to grow. A Virtual CFO does much more than crunch numbers and balance ledgers. She provides expert advise and knowledge to ensure that your business:
are being paid on time and in full,
you remain in the good graces of your vendors,
meet federal, state, and local financial deadlines,
provides the necessary information to make cash flow projections,
and the list goes on and on.
And, the best news of all: all of this is provided with little to no input from you which saves you time and frustration!
What is the investment for your Virtual CFO?
The investment for a Virtual CFO starts at $2,000/month.
To learn more about our Virtual CFO services, click the button below to schedule your free consultation or call our office today at (214) 586-0323.