Virtual CFO and Financial Reporting Service
At Accounting Hands, our Virtual CFO services provide part-time or on-demand financial expertise tailored to small and medium businesses. By working remotely via email, telephone, or video call, we provide financial strategy, planning, and analysis without requiring a full-time CFO.
Our Virtual CFO services include, but are not limited to:
- Budgets and Cashflow Forecasts: Creating financial roadmaps to maintain stability and plan for future growth.
- Management Reporting: Providing regular, actionable insights into business performance to support decision-making.
- Benchmarking: Assessing business performance against industry standards to identify areas for growth and improvement.
- Due Diligence: Conducting detailed financial analysis to facilitate informed decisions in key business transactions.
- Business Valuations: Determining your business’s value for sales, investments, or strategic planning purposes.
- Generating monthly financial reports, including budget vs. actual variance analysis, cash flow comparisons, and ratio analysis.
- Offering actionable financial insights to business owners and addressing strategic financial queries.
- Reviewing accounts and conducting monthly general ledger (GL) reconciliations to ensure accuracy and compliance.
Bookkeeping and Payroll Service
We provide comprehensive bookkeeping and payroll solutions designed to keep your business finances organized and compliant. Our services include:
- Setting up and customizing Xero or other accounting software.
- Preparing budgets and forecasts to aid financial planning.
- Managing invoicing, receipts allocation, and debtors.
- Handling accounts payable and payroll, including payment summaries.
- Reconciling bank accounts and managing superannuation contributions.
- Assisting with workers’ compensation and other compliance requirements.
- Preparing and lodging BAS and IAS, including liaison with the ATO as needed.
- Managing month-end processes and GL reconciliations.
- Delivering monthly, quarterly, or annual financial reports such as profit and loss statements, cash flow reports, working capital analysis, and variance analysis.
- Conducting end-of-financial-year reconciliations and preparing for tax returns.
With our expert Virtual CFO and bookkeeping services, you gain access to high-quality financial management and insights, empowering you to make confident, informed decisions to grow your business.
