Our Service Levels are carefully designed to suite your business needs and we strive to keep it simple. We are passionate about crafting tailor-made solutions to drive business excellence, feel free to contact us for a complimentary consultation!
Level 1: Virtual CFO (Full Service) Strategic Financial Advisory
You will have direct contact with a well experienced and highly qualified Virtual CFO, who will be present in person for weekly meetings (Only in Sri Lanka) or connect with you via Video conferencing if you are overseas and random visits could be arranged for overseas clientele. Our VCFO will attend your scheduled meetings 6X a month and or more on request. It is almost similar to having a fulltime CFO working for you remotely. Full CFO Services comes with unlimited contacts via email, mobile, skype, WeChat etc.
Level 2: Virtual Controller – Financial Management and Controlling
Our proactive Controller service partners you up with an experienced Controller who works with you to help guide your business to success. If you’re a growing service-based business that now needs professional financial advice, but can’t afford a full-time Controller, our Controller Services are a perfect fit. Our Controller services provide you with experienced support for strategic planning, accounts payable and receivable, and detailed forecasting, Professional Management Accounting reports and analysis all at the fraction of the cost of a full-time Controller. We get into more strategic cash flow management and dynamic forecasting. If you’re ready to scale, this kind of dynamic forecasting is a critical component of your future growth.
Level 3: Virtual Accountant – Business Process Outsourcing of Transactional Accounting
Our Transactional service provides you with traditional accounting services such as preparing your monthly financial statements including Balance sheet, Income Statement, Cash flow statement and more. At this point, we’re not just assisting you with bookkeeping, but also with more strategic planning for future expansion and making you ready for the next level. We will guide you to transform your traditional finance function to Cloud accounting and to data driven decision making, while adopting industry best practices. We’re not just a team of bookkeepers and accountants. We’re experts in laying a solid financial foundation to help your business accelerate.
Level 4: Other Outsourcing Services
We undertake Business Process Outsourcing, Corporate Tax, Payroll and Statutory payment processing EPF/ETF, Capital Expenditure Project appraisals, ERP Implementations, Cloud Accounting, Financial Modeling, Forecasting, Advance Management Accounting implementations eg: Activity Based Costing, Special Projects, Business Valuations, Robotic Process Automation and other backoffice services, We are more than accountants!
Below are our standard check list for Service Levels 1-3
| Virtual Accountant | Virtual Controller | Virtual CFO | |
| Typical Client Size | Under 10 Employees | 10-15 Employees | 15+ Employees |
| Service Description | Reactive | Proactive | Strategic |
| Onboarding | 4 Weeks | 6 Weeks | 8 Weeks |
| Outsourcing transactional finance | |||
| General Ledger bookkeeping | √ | √ | √ |
| Fixed Asset register | √ | √ | √ |
| AR & AP | √ | √ | √ |
| Bank Reconciliations | √ | √ | √ |
| Month-end Close | √ | √ | √ |
| Financial Statements P&L/BS/CF | √ | √ | √ |
| Online Support | Unlimited | Unlimited | Unlimited |
| Budgeting | x | √ | √ |
| 12 Month Forecasting | x | √ | √ |
| Cash flow forecast | x | √ | √ |
| Financial Statement Analysis | x | √ | √ |
| Revenue Analysis | x | √ | √ |
| Management Accounting Reports | x | Customized | √ |
| PPT Presentations | x | 1 PPT Pack/Month | Customized |
| Scheduled Meetings | 1X/Month | 2X/Month | 4X/Month |
| Director meeting | x | x | √ |
| Enterprise Resource Planning | x | x | √ |
| Company wide KPI’s | x | Optional | √ |
| Individual KPI’s | x | x | Optional |
| Performance Appraisal | x | x | Optional |
| Working Capital Management | x | Optional | √ |
| Bank relationships | x | x | Optional |
| Online Banking | Optional | Optional | Optional |
| CAPEX Appraisal | x | Optional | √ |
| Internal Control Systems design and advisory | x | Optional | √ |
| Internal Control system | x | Optional | √ |
| Internal Audit Support | x | Optional | √ |
| External Audit Support | x | Optional | √ |
| Corporate Tax | A La Carte | A La Carte | A La Carte |
| Payroll and EPF/ETF Filling | A La Carte | A La Carte | A La Carte |
| Capital Investment Appraisal | A La Carte | A La Carte | A La Carte |
| Special Projects | A La Carte | A La Carte | A La Carte |
| Financial Modeling | A La Carte | A La Carte | A La Carte |
| Business Valuations | A La Carte | A La Carte | A La Carte |
| KPI Design and management | A La Carte | A La Carte | A La Carte |
| Cloud Accounting | A La Carte | A La Carte | A La Carte |
| Robotic Process Automation | A La Carte | A La Carte | A La Carte |
Pricing of Our Services
Our prices are fixed for two years once agreed. We do not have any hidden charges. We will quote you after initial evaluation of your current status and service needs. Virtual CFO Services will assure that Value Addition and Quality of our Services outweigh the cost of our services.
- Once agreed Fixed Price for 2 years
- 15 Day Credit term
- Fraction of the Cost of a Fulltime Finance Professional
What You Get
Our Virtual CFO’s are well qualified and experienced professionals who are otherwise unaffordable for Startup’s or SME’s. VCFO will enable you access to industry best practices and technology enabled practical solutions for competitive advantage.
- Minimal learning curve and a CFO with multidisciplinary experience
- No other employee related costs Vs a Full time CFO (Bonus, allowances, medical, mobile, statutory etc)
- Free from Staff Management responsibilities
- Data Driven Informed Decision capability for your business