Jet Accounting & Advisory Services Melbourne

How Jet can assist you with your Virtual CFO needs

Data Integrity Analysis

A thorough review of your accounting records and procedures to ensure data is being entered accurately, efficiently and in compliance with the accounting standards.

Quarterly/Monthly Management Reporting

Regular preparation of financial reporting packs highlighting trends and providing analysis and interpretation of financial data.

Board Meeting Attendance

Attendance at board meetings to represent and discuss the financial aspects of the business as well as provide any support, suggestions or recommendations as necessary.

Expert tip

Businesses can grow fast, leaving you feeling out of control, and out of your depth. Engaging a fractional CFO can help bring peace of mind and put you back in the driver's seat, pushing the business on to new heights.

Debtor/Creditor Analysis

Analysis of your receivables and payables to help identify key risks such as potential bad debts, risks to supply of credit or goods needed to do business, overall cashflow management and more.

Cashflow Reporting

Preparation of cashflow reports indicating how your profit translates into cash for your business over time.

Costing Analysis

Review and report on your key costs to provide the data necessary to optimise efficiency, improve profit margins and identify cost leakages.

Budgeting

Preparation of a Profit and Loss budget to map out the future of your business, identify revenue targets and potential cost saving strategies.

3-Way Forecasting

Preparation of 3-way forecast to provide total oversight of business Profit and Loss, Balance Sheet and Cash Flow for the year ahead. This is often looked upon favourably when applying for finance, if not a requirement from banks in meeting your ongoing covenants.

Frequently asked questions

While there a no set thresholds or revenue targets for when a business needs a virtual CFO, there are some factors you might be experiencing that could indicate that it's time:

- You might notice inaccuracies in your figures

- You might find that your numbers indicate one outcome, but your bank account reflects something else (i.e. your numbers are showing you have earned a profit, but you are finding it hard to pay your staff and creditors).

- You might have certain reporting requirements, such as bank covenants that require regular submission of financial statements

- You might have external investors who may appreciate or demand 3rd party oversight of the finance function

- You may simply feel that the business has outgrown your accounting and finance knowledge, and seek the peace of mind of professional assistance

Virtual CFO