Virtual CFO Services

All businesses need expert financial advice in order to thrive. But if you’re a smaller or new business, you may not be able to afford a full-time Chief Financial Officer—which means you’re missing out on vital expertise when you need it most.

 

Virtual CFO Services to the rescue. 


Virtual CFO, sometimes called “fractional CFO,” is a remote consultant who provides high-level outsourced CFO services without the full-time price tag. 

Our virtual CFO service help you grow your business with a combination of data-based financial advice, business strategy, strategic relationships, assistance with debt and equity funding, and more.

Does Your Small Business Need a CFO? 

An accountant’s job is to prepare timely and accurate financial reports to determine your tax liabilities and current financial health. 


A virtual CFO does that and a whole lot more. 


By analyzing profitability, planning for business expansion, increasing market share, developing new products and services, and more, a virtual CFO helps you create a financial strategy that will pave a path to future success. 

When do you need a fractional CFO?

  • If you are looking to grow your business profitably and sustainably
  • If you need an expert to lay the groundwork for sound financial systems
  • If you want to mitigate risk and ensure the right processes are in place from the start

As your partner in finance, a virtual CFO is an investment in the future health of your company. 

Schedule your free consultation today

Straight Talk’s Virtual CFO Services

Our fractional CFO services play an important role in helping our clients reach their goals. 


Services include:

  • Financial forecasting: By studying your financial data, industry trends, projections, and business goals, we’ll create projections to help you meet your short and long-term targets. 
  • Profitability analyses. We identify ways to optimize your profitability by analyzing the various revenue streams of your business.
  • Customized KPIs dashboards. We create interactive, at-a-glance charts and graphs that show how your business is performing against your key performance indicators (KPIs). 
  • Business strategy advising. Bringing an objective, agenda-free perspective, we assess your business goals and challenges and provide with clear guidance for continued growth. 
  • Cash flow analysis. We perform cash flow analysis and offer solutions if it’s not sufficient to meet your operating expenses.
  • Expense management. We create systems to track employee-initiated expenses and implement technology to analyze data for less waste and more efficiency.
  • Internal controls consulting. We provide an independent assessment and set up controls that promote accountability and minimize the risk of errors, omissions, delay, and fraud.
  • Team training. We provide internal training to ensure that you and your team are united in goals for achieving growth and profitability. 
  • Other. Our CFO service can also include financial statement audit support, assistance with debt and equity financing, due diligence support, cap table creation and maintenance, accounting staff placement, and accounting software implementation and migration.

Why Choose Straight Talk CPAs?

Our unique approach is based on over three decades of entrepreneurial experience running our own businesses, advising other businesses, and investing substantially in self-education. We have experience on both sides of the table, working as owners and senior executives as well as CFOs in small to mid-size companies.


Our secret sauce is called The Straight Talk Trifecta. We get our clients measurable results by combining and integrating three important principles: real-time financial data, forward-looking advice, and total client focus.


When your entrepreneurial business doesn’t yet need a full-time CFO, Straight Talk’s fractional CFO services can bridge the gap. 

FAQ

  • What is included in virtual CFO services?

    Our virtual CFO services typically include financial analysis, strategic planning, budgeting, forecasting, cash flow management, financial reporting, and advisory services. They are designed to provide comprehensive financial support to businesses without the need for a full-time, in-house CFO.

  • What is the difference between a virtual CFO and a CFO?

    A virtual CFO provides remote financial services on a part-time or project basis, while a traditional CFO is a full-time, in-house executive responsible for the financial management of a company

  • What are your fees for virtual CFO services?

    Our fees for virtual CFO services vary based on the complexity of your business needs and the scope of services required. Virtual CFOs often offer flexible pricing models tailored to your specific requirements.

  • Why (or when) do I need a Virtual CFO?

    You might need a virtual CFO if you require expert financial guidance, strategic planning, and financial oversight without the cost of hiring a full-time CFO. They can be especially valuable during periods of growth, financial challenges, or when specialized financial expertise is essential.

  • What are the 5 functions of a CFO?

    The five main functions of a CFO are financial planning and analysis, financial reporting and compliance, cash flow management, strategic planning, and risk management.

  • What industries does your CFO work with?

    Our CFO services cater to various industries, including real estate, professional practices, growth companies, home healthcare, startups, and eCommerce. Our team has expertise across diverse sectors to meet your specific business needs.

  • What size of businesses do you help?

    Our CFO services are designed to assist businesses of all sizes, from startups and small businesses to medium-sized enterprises.

  • What does a CFO do?

    A CFO is responsible for managing a company's financial strategy, analyzing financial data, overseeing budgets, ensuring compliance, and providing valuable insights to drive business growth and profitability. Hiring a CFO offers advantages such as improved financial decision-making, better risk management, enhanced profitability, access to financial expertise, and the ability to align financial goals with overall business objectives.

  • How do you handle data security if I were to give you my accounting infrastructure?

    We take data security seriously. Our team follows industry best practices to safeguard your sensitive financial information, employing secure technologies, encryption, and confidentiality protocols.

  • How can I schedule a consultation with you?

    Scheduling a consultation is easy. You can call us, email us, or use the contact form on our website to request an appointment. We will get back to you promptly to set up a convenient time.

A pair of black quotation marks on a white background.

I cannot recommend Straight Talk CPA’s enough! They’ve been an absolute game-changer for my business this year. Their close collaboration and detailed analysis showed me that switching to an S-CORP would be far more advantageous for my business structure, and they guided me through every step of the process with expertise and care.


What truly sets them apart is the personalized support and genuine investment in my success—it feels like working with family. Anytime I’ve had a question or needed guidance, they’ve been there with clear answers and quick support. Their dedication and approachability have made a potentially overwhelming process very straight-forward.


If you’re looking for a team that truly cares about your success and goes above and beyond, Straight Talk CPA’s is the one. I’m very grateful for their support and highly recommend them to any business owner.


Tyden Rickard

Want to know more about our fractional CFO service?


Simply schedule your free consultation. There is no charge and no obligation.

Sign up for a free consultation today!