Get the right financial guidance to keep going strong.

Hiring a virtual CFO can be a game-changer for businesses that are not in need of a full-time CFO. By bringing in an experienced professional, you can gain access to valuable insights and guidance at a fraction of the cost. A virtual CFO can help you with strategic advice when you need it such as navigating complex financial matters, budgeting, forecasting, and making informed decisions that align with your business goals to help you understand the financial impact of your business opportunities and risks.

At Breathe Accounting, our virtual CFO services are designed to provide comprehensive business support and strategic guidance tailored to the unique needs of your business. Our virtual CFOs act as your trusted advisors, combining the roles of a CFO to ensure your business’ success.

1. 1. Provide strategic advice in planning around growth & expansion:
      Our team will work closely with you to develop strategic plans that will align with your business goals and objectives. By providing valuable insights and our expertise we can help you make informed decisions about growth opportunities. 
   2. Helping you manage & forecast your cash flow assumptions and needs:
      Cash flow is the lifeblood of any business. At Breathe Accounting we’ll assist you in effectively managing your cash flow based on analytical data, forecasting your future cash needs, and identifying any potential risks and opportunities. 
   3. Manage and ensure effective bookkeeping & reporting:
      Our team of accounting experts at Breathe Accounting have got you covered. We’ll take charge of overseeing your accounting platforms, ensuring that your bookkeeping is accurate, up-to-date, and reliable. With our meticulous attention to detail, you can trust us to deliver accurate reporting that gives you a clear picture of your business’s financial health.
   4. Monitor & analyse the financial health & well-being of your business:
      Our virtual CFOs take a proactive approach to monitor and analyse the financial health of your business and keep you up to date while you focus on what you do best. We regularly review key financial metrics, identify trends, and provide you with valuable insights into your financial performance. By closely monitoring these financials, the team at Breathe Accounting will help you identify areas for improvement, optimise resource allocation, and mitigate risks.
   5. Budgets and forecasts to help measure business performance:
      Accurate budgeting and forecasting are crucial for measuring business performance and planning. Our virtual CFOs will collaborate with you to develop realistic budgets and forecasts based on your business goals and objectives. The team at Breathe Accounting will continuously monitor your actual performance against these benchmarks, providing you with ongoing analysis and recommendations to drive your business success.
   6. Costing Analysis:
      Do you know the true cost of your employees or your true actual hourly cost of operating. Quite often the on-costs and additional costs are not correctly accounted for. This leads to an incorrect break-even analysis, and for service-based business, it can result in a non-profitable hourly rate being charged to their customers.
   7. It’s not all about the financial numbers:
      We also ensure we are reviewing and constantly looking to improve the non-financial metrics as these can often be the leading indicators of a business’s success and improvement. There are some very powerful platforms, such as Microsoft Power BI, and you can never underestimate the importance of an organisation’s culture and the customer experience your business creates.

While both virtual CFOs and traditional CFOs share similar responsibilities, there are key differences in their approach and arrangement. A virtual CFO works externally and on a needs basis, leveraging technology and cloud-based tools to deliver their services. This flexibility allows them to provide affordable business expertise to small businesses that may not require a full-time CFO. On the other hand, a traditional CFO typically holds an in-house, full-time position and is physically present within the organisation.

1. Cost-Efficiency.
   The true-cost of a full-time CFO can be significant, once you factor in salary, superannuation, insurance, payroll tax, leave entitlements, the total cost to your business can add up quickly. With our vCFO service, you are not locked into a long-term contract and there are no additional costs to consider. You will still have all the benefits of a CFO, tailored to your business, without the full-time salary.
2. Developed Expertise & Experience:
   Our vCFO’s have various and developed experience and expertise across multiple business industry types and with all types of business structures. Also with this diverse experience, our vCFO’s have a great referral network and partners to cover all areas of service that a business needs – such as Marketing, HR, Legal and Insurance, this can be packaged into the ultimate experience for businesses. This wide-ranging expertise is a huge benefit for any organisation looking to excel and make accurate informed decisions for their future success.
3. Flexibility:
   Businesses never follow a straight line; the needs of businesses will always be changing. There will be times, such as growth phases or new projects, when a lot of support will be required from a CFO, while at other times, this demand will be lower. With a vCFO rather than a CFO – a vCFO can adjust their level of involvement and service based on your business needs and requirements at any time, to ensure you have the exact level of support at the exact time you need it!