What is a virtual Finance Director

Someone asked me this the other day so I thought that I would post here for posterity.

What is a virtual Financial Director?

A virtual Financial Director is ideal for smaller sized companies that are looking for strategic advice, guidance and insight, but lack the capacity or budget for a full-time role. Our services can range from as little as 1-2 hours per month to a more involved role.

Why should I have a Financial Director?

A Financial Director is important to a small business because they provide strategic financial guidance and support to the company. They can provide valuable insights and expertise to the small business on a range of financial issues, such as tax planning, investment opportunities, and risk management.

This can help the business to identify and capitalise on opportunities, and to avoid or mitigate potential risks.

Overall, a Financial Director can be an invaluable asset to a small business, providing guidance and support on a wide range of financial issues and helping the business to grow and succeed.

What is the difference between a Financial Director and an accountant?

The main difference between a Financial Director and an accountant is the scope of their responsibilities and the level at which they operate within a company. Financial Directors are typically responsible for high-level financial strategy and decision-making, while accountants focus on more specialised tasks related to financial record-keeping and analysis.

How much does a virtual Financial Director cost?

Depending on the size and scale of your business, our Virtual FD or CFO services can start from £1000+VAT per month We typically find the most success comes when working with clients over a minimum of 1-2 years. Like other business functions, the impact of a virtual FD will be a longer-term investment, but the strategic benefit and value of the business will far exceed the ROI in that time.