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Frequently Asked Questions about Visiting CFO

Q: What would a Visiting/Part Time CFO do for my company?
A: It depends on your company’s needs. The short answer is that which your own CFO or controller would do. The difference is we have more experience and expertise on which to draw, and we only charge you for limited hours of services by getting seasoned professionals’ virtual expertise  in different field to solve the assignment .

Q: Does “Virtual/Visiting ” mean that Virtual CFOs are only available online or over the phone? What if I need someone onsite?
A: The “Virtual” in Virtual CFOs actually refers to the fact that we are not full-time employees. Otherwise we are very real. We work almost as like exclusively onsite at the client’s location even thru virtual network as well as onsite visit as per assignment engagement requirement/mandate terms  , where we can be most effective.

Q: Why do I need a Visiting / or Virtual CFO if I have a Certified Accountant?
A: Visiting CFO/Virtual CFOs are professionals in financial management. That is all we do.  Certified Accountants are professionals in taxes, financial statement preparation, and auditing. Asking your Certified Accountant to assist your company in financial management and strategic planning is a little like asking your architect to build your building.

Q: What is the difference between Visiting CFO, a Virtual CFO, a part time CFO, a fractional CFO, and a financial management consultant?
A: They are all terms used to describe a highly skilled financial professional who can provide a company with financial expertise and leadership that they would not have unless they had a full time CFO.

Q: Why do I need a Visiting CFO if my company has a controller?
A: You probably do not need a Visiting CFO if your controller:  provides you with timely, accurate, and insightful financial and operational information about your business; is the person you trust to help you create and update your strategic plans; can help you assess your organizational efficiency; is helping you lead your company to the next level; has assembled a talented and professional accounting staff; can put together a financial package, effectively present it to your banker, and get the financing you need. If your controller cannot do these things, a Visiting CFO can.

Q: Is having a Visiting CFO expensive?
A: The idea of having a Visiting CFO is that your company only uses him for things that do not occur every day. Your staff is (or should be) able to handle day-to-day activity. (See our list of services on this website for areas in which your Visiting CFO can be used most effectively. For these areas you should be looking for quality financial management, not quantity.  One key decision based on the right information can make all the difference to your company.)  A Visiting CFO only works for you when you need him. It might be a day a week or a day a month.

Q: What if I don’t think I need a Visiting CFO every week? What if I just have a project I need completed?
A: Visiting  CFOs will complete the projects your staff cannot.