Virtual FD Services
What is a Virtual Financial Director (Virtual FD)
The Virtual FD is a relatively new concept and it is a great way for small businesses to get FD support from someone whom has experience running a business in the capacity of Financial Director that they may not have been able to afford previously. Most small business are unlikely to have a Financial Director on their payroll full-time and possibly part-time.
Small businesses who hire a Virtual FD get access to an experienced financial professional at a fraction of the cost of a full-time FD. The services are likely to differ from firm to firm, our Virtual FD services can :
1. Assist with the traditional duties of an FD, but work remotely and on a part-time basis.
2. Monitor the financial health and well-being of the business.
3.Offer financial insight and guidance on all company decisions and issues.
4.Provide back-office functions such as managing accounting affairs including compliance, taxes, VAT, and improving your finance function depending on the client and their needs.
Why does my business need a Virtual Financial Director (Virtual FD)
So many businesses fail within the first three years, for a multitude of reasons, including failure to differentiate from the competition and failure to find a profitable business model. By using our Virtual FD services, businesses are able to set clear and achievable financial goals and ensure that they are on the path to profitability. We invest the time to understand your business, to provide a service to meet your needs.
A Virtual FD acts part time employee for your business and can carry out tasks such as:
a. Designing an Accounting Solution to meet you business needs.
b. Provide assistance with your Budgeting and forecasting.
c. Pinpointing problem spending.
d. Validating or discouraging business decisions based on financial considerations.
e. Providing flexible options for clients to pay you.
These functions are crucial to the success of most businesses.
Archers Accountants Virtual FD goes “Commercial”
What differentiates Archers Accountants from the traditional Practice based Accountants is that we have worked in businesses and bring a wealth of experience and knowledge. We understand the business challenges and give guidance on bringing cost effective solutions to your business.
An recent example, a client from a growing maintenance company wanted to start managing the all the projects sub-contractors were working on in order keep abreast of the project phases they were working on. He sought advice of building his own app. Upon understanding the client’s needs we were able to direct the client to an existing ‘app’ with a monthly subscription that delivered ‘what he was looking for’ for a fraction of the cost of building his own app.
We have flexible arrangements to suit your business needs from remote working, to visiting once a month or more often if need be.
Talk to a ‘straight talking advisor’ at Archers Accountants today.
Let us ‘Add Value’ to your business today.