How Much Does a Virtual CFO Cost?

Once your business exceeds around $2 million in revenue, a Chief Financial Officer, or CFO, becomes increasingly necessary. Multiple factors come into play that make the financial side of your business more complicated: banking, taxes, revenue recognition, forecasting, and budgeting, to name a few.   
The joy of generating more revenue often morphs into frustration when basic bookkeeping and traditional CPA services aren’t enough to level up your business. This is where most companies start exploring CFO services, only to realize that the cost of hiring a traditional CFO can be a little daunting.  
That said, your business may be in that sweet spot where outsourcing your accounting and advisory needs makes the most sense for your budget. There’s a huge difference in how much you’ll pay for a virtual CFO versus a full-time CFO. Hiring a virtual CFO allows you to get the benefit of a CFO’s expertise without having to compromise on your business needs, all while making sure you keep within your desired business costs for talent.