CFO Services

Have a CFO without paying a CFO salary
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Why Insource your CFO?

The most important part of any business is the financial health and management. Hiring a full time CFO can be a real drain on cashflow if you need to pay a market rate salary.

Insourcing your CFO with an experienced accountant means you have a CFO as part of the team to help get the right foundations in place.

Should you Insource your CFO?

Insourcing your CFO as part of the team should be considered if:

  • You are growing and your cashflow is tight
  • You are uncertain of your cashflow position
  • The Founder has been looking after the finances until now
  • You are taking on new staff and need to effectively manage payroll
  • You want to take a more strategic view of your business
  • If you are seeking to raise debt or equity capital for growth

Insourcing a CFO Vs Hiring a CFO

It is natural to want to hire someone for a role that the founder has been doing themselves. However, hiring can be a huge drain on cashflow. Insourcing a Chartered Accountant as CFO is a lower initial investment and helps you to understand their importance.

What We Can Help You With

CFO Services

Grow profitability with an experienced CFO and Chartered Accountant

Structuring Advice

Ensuring your business has the right structure to maximise your chances of success

Business Consulting

Professional Advice to Help solve your specific business problems

Accounting & Compliance

Effectively manage tax obligations to ensure your business is compliant

Business Planning

Independent strategic advice from an experienced CEO to guide your strategy

Corporate Governance

Implementing the right processes and practices and build trust with investors

Why Hire a Chartered Accountant

Hiring a chartered accountant provides numerous benefits to your company that are invaluable. They understand both the financial requirements and tax requirements of your business to ensure your business is compliant with local tax laws. 

Cashflow is king, and having an expert on your side is critical in ensuring you are managing your finances and taxes effectively. 

If you have employees, a chartered accountant can also help you ensure your payroll is correctly submitted using your selected accounting software. 

 

Chris Afentoulis

CFO Services Melbourne

Insource your CFO

An investment in a full time CFO is a large commitment. If you are uncertain on whether you hire, consider bringing on an insourced experienced CFO to help you set up the right financial structures for your business.

Click below to book a no obligation financial consultation with our Founder Chris Afentoulis.

Frequently Asked Questions

What should I look for in an Accounting Firm?

When outsourcing to an accounting firm look for a chartered accountant with previous experience in running their own business.

How much does an Accounting Firm Cost?

There are different fee models including a monthly retainer, fee for service and hourly rate. We remain flexible to adapt a payment model that works for your business.

What is the ROI of hiring an Accounting Firm?

A great question to ask an accounting firm before engaging with one. A good accounting firm will save you time and money in the long run through setting up the proper foundations for your business.

What is the difference between insourced and outsourced?

An insourced consultant really gets under the skin of your business and becomes an extension of the team. An outsourced consultant usually charges a fee for service without truly understanding your core business.

When do I need a CFO?

A CFO will be one of the most important roles of your business. Once you are starting to see positive growth, this is the time to consider a CFO to ensure you are set up for sustainable growth.

Chris developed the processes that underpinned our ability to double our revenue during his time here.

Tim Brcan

Director, Amtek Corporation

Having experienced consultants who have successfully scaled businesses working as an extension of our team, gives us confidence to execute our vision.

Robert Papaleo

MD, Advance Childcare

Chris’s expertise and knowledge was hugely valuable to help ensure we maintained a comfortable cash flow position through COVID-19.

Dinesh Arasaratnam

Director, Medium Marketing