Finance is the lifeblood of any business or organization.
It regulates the smooth running of the firm. We at Goyal Associates provide virtual CFO services to organizations looking for an outsourcing services provider who can single-handedly tackle finance and accounts function. Goyal Associates has a team of Chartered Accountants, tax professionals, legal consultants, and IT experts to provide high-quality CFO services so that you need not manage an in-house team. We provide outsourced CFO services at a fraction of a cost on a shared service basis.
What are CFO services?
These are your one-stop solutions to outsource your accounts and finance functions to a single person or partner. It enables seamless delivery of financial services that include bookkeeping, accounting, payroll management, payables management, receivables management, taxation, regulatory compliance management, secretarial services, financial advisory, outsourced budgeting, and MIS reporting.
CFO Services: Our Approach
Our Virtual CFO Services
Our CFO team consists of professionals who have decades of experience in providing various services to dozens of clients. Here are a few top CFO services that we provide:
Accounting Outsourcing Services
We have 18+ years of experience in providing accounting outsourcing services to entities in various industries. Our CFOs and accounting professionals maintain books of accounts, receivables, payables, prepare financial statements, and make reconciliations. Our clients benefit from best-in-class accounts outsourcing services, virtual services, not having to maintain an in-house team, and pricing that doesn’t hurt the pocket.
Outsourced Bookkeeping Services
We, at Goyal Associates, understand that the requirement of every customer is unique, so we provide personalized outsourced bookkeeping services as a part of our Virtual Services. Our bookkeeping outsourcing services include invoice generation, account receivables, accounts payables, ledger maintenance, chart of accounts, bank reconciliation, payroll processing, report generation, and financial analysis services.
Payroll Outsourcing Services
Our outsourced payroll services allow you to concentrate on your core business and work on more strategic work. You can take advantage of our expert team who have years of experience in providing virtual services and payroll outsourcing services. With the help of experts and professional outsourced payroll services, you can expect accurate payroll processing, faster turnaround, cost-savings, and higher employee satisfaction.
Outsourced Budgeting And Mis Reporting Services
We provide outsourced budgeting and MIS reporting services where we prepare annual, semi-annual, and quarterly operating budgets, departmental budgets, and capital budgets. The budgets will help you keep a check on revenues, expenses, cash flow, working capital, and long term capital needs. As a part of our virtual services, we provide MIS Reporting Services to help you make informed business decisions.
WHY CFO SERVICES ARE IMPORTANT
OUTSOURCED CFO SERVICES HELP IN SAVING MONEY
CFO services has to be one of your best options, as it will save you lots of money. When you outsource a CFO, you won’t have the obligation of paying full salaries, taxes, benefits and providing other facilities. Outsourcing a CFO would mean paying them only when they work. It works like wonders, especially when you are running a small or medium-sized business because a virtual CFO Services will take off the financial strain from your firm.
IMPROVED CONTROL WITH OUTSOURCED CFO SERVICES
When CFO works in-house, he becomes a part of the team. It means all the password, sensitive information, and data is freely shared with him. It can increase the chances of other employees getting access to such sensitive and confidential data, leading to increased risk. While an outsourced CFO, on the other hand, has access to financial data on a need-to-know basis. It helps in maintaining control over the financial data and takes care of the security concerns.
OUTSOURCING CFO SERVICES HELPS IN SAVING TIME
A startup, small-sized business, or medium-sized business requires a person who is the part of it to take up various roles. In such cases, an in-house CFO might end up spending a lot of time on such activities that may not be directed towards the financial goals of the company. It might be disastrous as much of his time is spent on something for which he is not even hired. However, an outsourced CFO focuses on handling only the financial management of the firm. It helps him concentrate on the tasks that support the business getting closer to the desired financial goals.
EXPERTISE AVAILABLE AS AND WHEN NEEDED
Outsourced CFO Services ensure that experts are available as and when you need them. Our professionals will provide you with the best possible services with their comprehensive experience and domain expertise. Further, virtual CFO services are backed by tax, legal, and IT experts so that you get all services under one roof.