Virtual Accounting Services
Your Accounts Managed Remotely. Your Business Always in Focus.
CFO Solutions provides virtual accounting support to help businesses maintain organised books, track transactions and understand their financial position. Get regular accounting assistance without building a full in-house accounting team.
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What Is Virtual Accounting?
Virtual accounting allows your business to receive accounting and bookkeeping support remotely. Financial records are shared through agreed digital channels, and accounting work is carried out using suitable software and processes.
It offers a flexible way to manage day-to-day accounts while keeping business owners informed through regular reports and communication.
Our Virtual Accounting Services
Bookkeeping and Transaction Recording
Record sales, purchases, receipts, payments and journal entries to maintain organised financial records.
Bank and Credit Card Reconciliation
Compare accounting entries with bank and credit card statements to identify missing transactions, differences and items requiring clarification.
Accounts Receivable Management
Maintain customer ledgers, track unpaid invoices and prepare outstanding reports to support your collection process.
Accounts Payable Management
Organise supplier bills, monitor outstanding balances and prepare payment schedules for your review and approval.
Monthly Financial Reports
Receive profit and loss reports, balance sheets and supporting schedules based on the agreed scope and available records.
Cash Flow Monitoring
Review cash movements, upcoming payments and expected collections to support day-to-day cash planning.
Payroll Accounting Support
Record payroll expenses and related entries using approved salary information supplied by your business.
Accounting Record Cleanup
Review existing books, identify inconsistencies and assist with reconciliations and corrections supported by appropriate documentation.
Coordination with Your Tax Professionals
Prepare accounting schedules and share relevant records with your appointed tax or compliance professionals, as authorised.
Benefits of Virtual Accounting
- Flexible Support: Choose services suited to your transaction volume and business needs.
- Organised Records: Keep financial information structured and easier to review.
- Better Visibility: Monitor income, expenses, receivables and payables.
- Less Administrative Work: Free up internal time for customers and business operations.
- Regular Reporting: Review financial performance through an agreed reporting schedule.
- Continuity: Establish a consistent process for sharing documents and maintaining accounts.
Who Can Benefit?
Our virtual accounting services are suitable for:
- Startups and small businesses
- Freelancers and consultants
- Trading and service businesses
- E-commerce sellers
- Professional firms
- Businesses with remote teams
- Growing companies needing additional accounting support
How Our Service Works
- Discuss Your Requirements
Share your business activities, transaction volume, existing software and accounting priorities. - Agree on the Scope
We define the services, responsibilities, reporting schedule and fees. - Set Up Document Sharing and Access
Establish suitable channels for submitting records and providing authorised software access. - Maintain and Reconcile Accounts
We process the agreed transactions, review records and raise queries when information is incomplete. - Deliver Reports and Updates
Receive the agreed reports and discuss outstanding items and key financial movements.
Information Required
Depending on your business and service scope, we may need:
- Opening balances and existing accounting records
- Sales and purchase invoices
- Bank and credit card statements
- Expense bills and reimbursement details
- Customer and supplier information
- Payroll summaries
- Loan and fixed asset details
- Inventory records, where applicable
- Authorised access to your accounting software
Why Choose CFO Solutions?
- Accounting support tailored to your business
- Clear responsibilities and reporting schedules
- Consistent bookkeeping and reconciliation processes
- Practical communication on missing information and queries
- Flexible support as your business grows
- Financial reports that help you understand your accounts
Confidentiality and Access
Document-sharing methods, software permissions and access responsibilities are agreed during onboarding. Access should be limited to what is needed for the assigned work, with clear approval procedures for sensitive activities.
Pricing and Turnaround Time
Fees depend on transaction volume, number of accounts, reporting requirements and the condition of existing records.
Delivery schedules are agreed before work begins. Timely completion depends on receiving complete documents and responses to accounting queries.
Contact CFO Solutions for a customised virtual accounting proposal.