Sometimes it takes time for the cash to drop into the tin from extra sales, but the costs come in well beforehand. You need to be confident you’ve got the funds in place to handle this gap well before it becomes a problem.
A Growth Planning Specialist CFO works with you to:
Long-term commercial growth is a journey — and not a destination. Regardless of your industry, managing business cash flow correctly is absolutely vital to strategic planning for business growth. You certainly need a plan that is both sustainable and long-term, but you may not necessarily need full-time staff to get you from point A to point B.
Virtual CFOs are a perfect solution to the growing pains of successful Australian businesses. Our highly skilled experts will prepare you and your lenders/investors with a unique business growth and development plan. Start off on the right foot with detailed advice from CFOs who hold real experience in your industry — without the expense of another full-time employee.
With the help of Virtual CFOs in Australia, you’re free to think bigger than ever.
Remote areas are no problem for our Virtual CFOs Australia Wide. Whether your business is in Mackay, Melbourne, Brisbane, Sydney, Perth, Newcastle or any regional area, we can provide an outsourced CFO service to meet your needs.
A CFO On-Call can work with you online when it makes sense and in person when you need it.
Accurate and detailed forecasting will help you and/or your lender/investor to be confident and well informed. It needs to be constantly reviewed against actual results and questions asked if things are ‘off track’. To ensure you reach your goals this is vital. Swift investigation of variances and immediate rectification will avoid you missing your profit targets and enduring cash flow problems.
Presenting your business properly to a lender/investor will make a big difference to your ability to secure their confidence and the funds you need. Getting help with the presentation is vital if you’re not an expert at this. Being able to provide financial information in the right way and answer their questions intelligently makes a big difference to the outcome.
Virtual CFOs are the perfect option for the budding small business, with solutions that provide SMART goals toward a future of your own making.
Our highly trained financial experts provide all the services you need to take your small business to the next level:
Do you need help with planning for growth and investor funding or business loans? SMEs who could only dream of hiring a CFO are now able to take advantage of a CFO On Call.
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Prepare Cash Flow Forecast and/or 3 Way Forecast
Prepare accurate financial statements for lenders/investors
Provide ongoing reports to lenders/investors to enhance relationships and confidence
Guidance on the best and most cost effective finance options for your business
A Virtual CFO for hire is a corporate gun; an elite financial freelancer available 24/7 to meet any business’s needs as they arise. These CFOs engage with clients in the most effective way, accessing accounts and spreadsheets via cloud-based programs and dispensing their advice over video streaming services like Skype or WhatsApp, as well as in person. In this way, duplication is cut, along with transport costs and time spent travelling to and from face-to-face meetings.
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Virtual CFO’s Australia Wide. Tell us about your financial challenges. We can talk by phone, online or in person.
Call 1300 36 24 36This is a report that includes a Profit & Loss Budget, Cash Flow Forecast and Balance Sheet Forecast. Most lenders/investors want to see these to be confident the business is on track to be profitable, cash flow positive and solvent. A Profit & Loss Budget showing great sales and profit at the end of the financial year is no use, if the business goes bust in the middle due to poor cash flow and Balance Sheet management.
Accounting systems are often set up to handle tax obligations e.g. GST/PAYG etc. and for keeping track of supplier payments. In our experience they are often also not very well set up i.e. there are mistakes in data entry that compromises the quality of the information. If reports are being used that are inaccurate for lenders/investors this will give a bad impression and reduce their confidence.
When a business is in severe Cash Flow stress, this is a very useful tool. It enables you to manage the situation on a daily basis. You can see when you are able to pay people based on the daily balance. It shows where you need to speed up funds coming into the business e.g. chase customers for payment or inject funds from shareholders or outside lenders/investors.
Lenders/investors have their own way of looking at business results. They analyse financial information in a particular way that meets their need to feel confident in the ability of the business to meet its obligations and be profitable and sustainable. A good CFO understands their needs and can supply them seamlessly as well as providing the management information useful to the business owner.
You then need to put in place a process for proactively managing these ‘levers’. Each one needs a project of its own and someone in charge of it to ensure it happens and they are accountable.
Your Cash Flow Forecast is your ‘bible’ for improving Cash Flow. It’s the proof in black and white on how things are progressing.
Lenders/investors have a particular way of looking at business opportunities. Their view will be very different from that of the business owner. They have no emotion in their decision making… they just want cold hard facts and to be confident the business can meet its commitments and repay loans/dividends. It’s better if an unbiased third party does this to alleviate inefficiency and frustration. It also gives a good impression that the business owner has professional financial control in place.
We often find money sitting in the wrong place i.e. not in business bank accounts. There are quite a few places it can be. We’re happy to discuss them with you and help you to move the funds more quickly into your business bank account, so that you can more easily pay all your expenses and grow your business more efficiently.
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