Outsource CFO services to Octa Accountants to take your business to new heights. Our virtual CFOs are available at the fraction of the cost of a full-time on-site CFO. Book a meeting with our team or request a free quote to uplift your financial strategy.
Outsource CFO services to Octa Accountants to take your business to new heights. Our virtual CFOs are available at the fraction of the cost of a full-time on-site CFO.
Want to Outsource CFO Services?
Book A Free Meeting
You can just give us a call or book a free meeting from our calendar to initiate the process.
Discuss Your Needs
Discuss your requirements with our team and we will come up with a solution.
Meet Your Accountant
Your dedicated accountant handles everything while you work on making more business.
Service Features
Octa Accountants’ virtual CFOs do much more than standard accounting and finance management.
Bookkeeping & Accounting
We optimise the books and accounts digitally to keep updated company records.
Forecasting & Budgeting
You receive realistic finance estimates to assist you with future-proof business planning.
Cash Flow Management
Our expert monitors the entire cash flow system, including monthly income and expenses.
Tax Planning
Optimises the tax strategy and meets due deadlines to keep the company in compliance with legal authorities.
Management Reports
Virtual CFO will conduct monthly financial health checks and present regular snapshots/reports.
Risk Advisory
Provides finance consultancy and mitigates the risk with cost-benefit analysis to full contingency planning.
Financial KPI Planning
Defines and measures the right key performance indicators (KPIs) for your company’s financial success.
Stakeholder Relations
Receive timely reports about Profit & Loss, Balance Sheets, and Payables & Receivables to know your business’s financial position.
Strategic Planning
Assists with the strategic planning to implement the best practices, plans, and systems to win opportunities.
Virtual CFOs Help You Boost Financial Stability
Service Benefits
Due to the latest communication technologies and remote working trends, hiring a virtual CFO is the most cost-effective solution for many startups and SMEs. Our outsourced CFOs help you with fundraising, business plans, cash flow management, cost management, tax planning, and many other tasks. Here are the key benefits of a virtual CFO:
Cost-effective
Virtual CFOs are a cost-effective solution than hiring traditional CFOs. You can save on-site admin & HR Costs.
Diversely Experienced
Virtual CFOs are working with many organizations at a time; they possess more diverse experience of various industries.
Data-driven Planning & Execution
A dedicated CFO manages your financials and creates sustainable strategies aligned with your business goals.
Choose Your Virtual CFO Plan!
Do you need someone to manage the “numbers” part of your business? Our virtual CFO packages are bundled with multiple services, such as accounting, corporate secretarial, tax advice, and business advisory. Decide the best Virtual CFO pricing plan suited to your needs.
Our virtual CFO services are available for small businesses, SMEs, and growing companies in the United Kindom – at affordable rate.
Basic
£450
monthRevenue &Transaction Threshold:
- Up to GBP 5000 / month
Accounting Services:
- Bookkeeping Basis: Monthly
- Unlimited Bank Connections
- Single Currency Support
Invoice ManagementMonthly Management ReportsBusiness Growth & Tax Advice
Corporate Secretarial Services:
- Сorporation tax return (Form CT600)
- Сonfirmation statement filing
- Statutory Accounts to Companies House
Taxation Services:
- VAT returns filing
Advisory Services:
- Forecasting & budgeting reports
- Cash flow management reports
Starter
£700
monthRevenue & Transaction Threshold:
- GBP 5001-25000/ month
Accounting Services:
- Bookkeeping Basis: Live
- Unlimited Bank Connections
- Multi-Currency Support
- Invoice Management
- Monthly Management Reports
- Business Growth & Tax Advice
Corporate Secretarial Services:
- Сorporation tax return (Form CT600)
- Сonfirmation statement filing
- Statutory Accounts to Companies House
Taxation Services:
- VAT returns filing
Advisory Services:
- Forecasting & budgeting reports
- Cash flow management reports
Booming
£1,250
monthRevenue & Transaction Threshold:
- GBP 25001-50000/ month
Accounting Services:
- Bookkeeping Basis: Live
- Unlimited Bank Connections
- Multi-Currency Support
- Invoice Management
- Monthly Management Reports
- Business Growth & Tax Advice
Corporate Secretarial Services:
- Сorporation tax return (Form CT600)
- Сonfirmation statement filing
- Statutory Accounts to Companies House
Taxation Services:
- VAT returns filing
Advisory Services:
- Forecasting & budgeting reports
- Cash flow management reports
Enterprise Plan for Virtual CFO Service
A customised Virtual CFO service plan dedicated for larger business or ones with custom needs. The Virtual CFO Enterprise Plan includes ALL THE FEATURES from the Booming Plan along with MORE customized features & pricing!
Frequently Asked Questions
Here’s a list of frequently asked questions about virtual CFO services from our web visitors.
What does a virtual CFO do?
A virtual CFO performs various finance-related tasks to boost a company's financial health. Here are the core duties of a remote CFO:
- Bookkeeping & Accounting
- Preparation of Management Reports
- Cash Flow Management
- Budgeting & Forecasting
- Business & Risk Advisory
- Tax Planning
- Strategic Consultation
- Financial KPI Planning
Know More: "What does a virtual CFO do?"
What are "outsourced CFO services"?
You can hire a third party to manage the CFO operations. Hiring an on-site CFO is quite costly for startups and SMEs, so it is better to find a virtual CFO to save up your admin and HR costs.
But you cannot ask any accountant or freelancer to be your CFO as it requires solid expertise and experience to be an efficient CFO. The best solution is to look for an accounting & finance firm like Octa Accountants to provide you with a dedicated Virtual CFO.
Difference between virtual and traditional CFO?
The core duties of virtual and traditional CFOs are the same. A virtual CFO works remotely and part-time, while a traditional CFO manages things on-site. But the virtual CFOs are more cost-effective for small and medium-sized businesses as most on-site CFOs demand fairly handsome salaries.
A bookkeeper may perform many other tasks for a business:
- Invoice management
- Payables (bills & expenses)
- Preparation of Tax Returns
- Monitoring KPIs
Who needs a virtual CFO?
Any growing business needs a finance expert more than anyone who can update their books & accounts and provide financial consultation. If you are a small or medium-sized company, then an on-site CFO can be quite hefty for your budget. You should hire a remote CFO to save your time and cost to work on growing your business. Virtual CFOs are ideal for small companies, startups, and SMEs with increasing financial compliance needs.
But Octa Accountants understand the client's needs first before charging them. Discuss your requirements with us, and we will try to bring the best accounting rates to the table.
Benefits of hiring a virtual CFO?
The benefits of hiring a virtual CFO are far more than a traditional CFO. That’s why many companies outsource their books and accounts management to third parties. Here are the key benefits of outsourcing CFO services:
- Cost-effective solution
- Diverse experience (as they have worked with more companies than a traditional CFO)
- Shorter learning curve (the diverse experience simplifies the learning curve to understand a business)
- Work flexibility
- More Credibility
- Better client support
When should I outsource CFO services?
A business should outsource CFO services as soon as they realise the overwhelming burden of managing the company's financial matters. You can let us handle the financial work and do what you do best, i.e., growing your business.
Every business has different needs when it comes to managing finances. That’s why we prepare bespoke plans for outsourced CFO services.
Book a Meeting to discuss your needs and get a fully personalised plan!
Meet Our Clients
Ready for next step?
Are you ready to take your business to new heights? Contact the experts today to hire dedicated accountants for your business.