"We don't just write history,
we help clients create it."

Accountants & Business Development Advisers

Phone: (06) 355 4647

Virtual CFO

A Virtual CFO Could Be Just What Your Business Needs

Virtual CFO

Here at Storey & Associates Ltd, we are passionate about your business and strive for your business to grow and succeed in any climate. We know that our Virtual CFO role will assist in achieving this.

We know that not all businesses can afford or need a full time Financial Controller but all businesses need elements of this role.

Virtual CFO suits those clients who want business and financial planning advice, financial and KPI monitoring, tax planning, regular contact and management consulting. We start with the strategic plan and develop an understanding and appreciation of your goals and that of your business.

Through Virtual CFO we become part of your strategic team and effectively sit on your board as your part time Financial Controller. We are responsible and accountable to you for the quality of the advice we provide to you.

The sooner you make the decision to utilise our Virtual CFO service, the sooner we can start to assist in driving your business to the next level. We are really looking forward to working with you to achieve this!

As your Virtual CFO we can provide the following services, depending on your needs:

  • Pay your bills
  • Do your invoicing
  • Reconcile your expense claims
  • Administer the Budget Manager application in SAASU / Xero for you
  • Monitor your SAASU / Xero account on a Weekly / Monthly basis
  • Provide monthly Board and management reports with accompanying commentary in understandable format:
    • Statements of cash flow and profitability
    • Performance Reports:
      • Budget Summary
      • Budget Variance
      • Executive Summary
      • Expenses by Contact
      • GST Return
      • Income by Contact
      • Profit & Loss
    • Position Reports:
      • Aged Payables
      • Aged Receivables
      • Balance Sheet
      • Movements in Equity
    • Cash Reports:
      • Bank Reconciliation
      • Bank Summary
      • Cash Summary
    • Detail Reports:
      • Account Transactions
      • Journal Report
      • Trial Balance
  • Reconcile:
    • Your bank accounts
    • Your Accounts Receivable and Accounts Payable
    • Your Expense Claims
  • Take care of your GST Requirements
  • Conduct a Business Performance Health Check
    • Highlights areas of the business that are performing well and not so well
    • Provides a basis to model changes to improve your bottom line
  • Establish and Review KPIs so that you can:
    • Analyse how your business is performing
    • Compare against your financial plan
    • Take corrective action sooner rather than later
  • Ensure timely preparation of end of year financial accounts and tax returns
  • Provide plans for Tax Forecasting and Tax Minimisation
    • No one likes paying taxes. We will do everything within the guidelines to legally minimise your tax
    • Forecasting tax enables you to budget for future payments, minimising interest and penalties on under-payment of tax
  • Complete Annual Benchmarking Analysis
    • Compares your business with others in your industry
    • Identifies your strengths, weaknesses, opportunities and threats
    • Provides an analysis of your competitors
  • Facilitate your Annual Strategic Planning Meeting where together we’ll:
    • Consider all aspects of your business
    • Focus long term
    • Link your personal and business goals
    • Produce a clear statement of your business’ development and direction
    • Develop your action plan
  • Produce your Annual Financial Plan and Cash Flow Forecast
    • Convert the Strategic Plan into a financial plan
    • Focus on profit and cash flow improvement
    • Perform a reasonableness check
    • Provide a basis from which to measure actual results


Comments or questions are welcome.

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