Ballarat Accountants: Business Benefits of an Outsourced CFO

At Sky Accountants Ballarat & Bookkeepers Ballarat, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us at or 1300 328 855

Many businesses can only dedicate a limited period of time in managing the company’s finances because of the pressures of running a business. Small businesses sometimes cannot afford to have an in-house Chief Financial Officer but while an accountant or bookkeeper can prepare accounts and lodge annual tax returns, businesses still need a CFO to provide long-term strategic financial advice. 

An outsourced CFO can offer a wide range of financial services to your business such as financial reporting, KPIs, financial risk management, forecasting and growth, financial risk management, cost control, tax and BAS lodgments, profitability analysis, accounting software implementation and strategic planning.

CFO Services

chief financial officer will customise their services to suit your business needs. You can choose the services that you need and adjust gradually as the business grows. Your CFO will act as your partner who will be proactive in recommending changes to the business from product pricing, profitability and accounts payable processes. They will help you make informed decisions based on accurate financial data.

Technology is rapidly changing and businesses need up to date information in real time now more than ever. More businesses are hiring or seeking the services of outsourced chief financial officers. An outsourced CFO costs a fraction of the cost of a full-time employee and has more expertise than that of a bookkeeper. Companies often go through restructuring and changes and they can use a CFO for specialised tasks.

At Sky Accountants Ballarat & Bookkeepers Ballarat, our goal is to empower you to become a better, more finance-focused and well-rounded entrepreneur. Contact us at or 1300 328 855

Businesses can use the expertise of a CFO who can guide them through the scaling process. A CFO can assist you in sending frequent financial updates to your investors so you can give them confidence and reassurance that investing with you was the right choice. You may even be able to raise capital. The right CFO has the experience in capital raising and eliminating the risk of inaccurate reports that can damage your business’ valuation and reputation. He or she can rebuild your reports so you can use the right weekly, monthly, quarterly or annual ones.

CFO Services

Investors want to see due diligence and easy-to-read and accurate information. In case of exit events, you will need an adviser that has the experience and proven processes in navigating such situations. CFOs can access your business information remotely anytime, anywhere so they can deliver real time results round the clock and be paid only for hours worked or delivered.

CFO can give you peace of mind as he or she helps you implement your strategic plans and provides you with financial forecasts to grow your business. They offer flexible engagement levels and help reduce unnecessary overheads. They recommend the best software that meet your needs and help deploy cash efficiently. They can identify growth opportunities, reduce financial roadblocks and risks, align budgets and goals, find capital and cost-effective equipment and act as a sounding board.

Business Accountants Ballarat

As you look for different ways to grow and improve your business, seeking professional advice could prove to be an important and helpful decision.

You can click here to speak to a businessaccounting and bookkeeping firm. We also offer hospitality business consultation and mortgage services. We will give you a call to know more about your needs. We will explain to you how we can improve your business.

We would love to help you formulate investment strategies and streamline your processes to take your business to the next level.  Our goal is to help you grow your business, find ways to invest more and increase your productivity.

PS. Here are two other ways we help business owners grow their business:

1. Take our free online assessment and see how much your business is currently worth (free 30page detailed report included)

2. If you are looking to change Accountants or need advice on how to grow your business, organise a 1on1 session with a Sky Business Expert here


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Ballarat Accountants | Business Accountants Ballarat | Bookkeepers Ballarat | Mortgage Broker Ballarat | Financial Planning Ballarat

Phone: 1300 328 855
Office Address: 902 Howitt Street, Wendouree, Victoria 3355, Australia
Postal Address: PO Box 2234, Bakery Hill, Victoria 3354

Melbourne Accountants | Business Accountants Melbourne  | Bookkeepers Melbourne | Mortgage Broker Melbourne | Financial Planning Melbourne 

Sunbury Accountants | Business Accountants Sunbury | Bookkeepers Sunbury | Mortgage Broker Sunbury | Financial Planning Sunbury

Gisborne Accountants | Business Accountants Gisborne | Bookkeepers Gisborne | Mortgage Broker Gisborne | Financial Planning Gisborne

Phone: 03 97444522
Sunbury Office Address: Suite 13, 33-35 Macedon Street, Sunbury, Victoria 3429, Australia
Gisborne Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia

Postal Address: PO Box 270 Gisborne Victoria 3437


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