The virtual CFO is a new concept for small business to get CFO support that they wouldn’t have been able to afford previously. Small businesses that hire a Virtual CFO get access to an experienced financial professional at a fraction of the cost of a full time CFO. What does a virtual CFO do? Handle all the duties of a traditional CFO , but work remotely on a part time basis. Monitor the financial health and well-being of your business Offer financial insight and guidance on all company decisions and issues. Oversee the finance and accounting functions Create a dashboard for better management Suggest strategic changes to the business to take advantage of opportunities Help management create budgets and cash flow forecasts for the company