Frequently asked questions

Which cloud accounting package is suitable for my business?

The size and maturity of your business will determine which cloud accounting package is the most suitable to your needs. During our consultation, we will assess this by asking about amongst other things, the volume of transactions and the number of bank accounts, as well as other accounting needs you might have.

What is the difference between a part-time CFO and the CFO service packages?

A part-time CFO is someone who is available to you as a chief financial officer for a number of hours a month or quarter. During this time, the CFO can discuss with you what your needs are and where their focus needs to be to assist you in the best possible way. Our recommendation is to employ a part-time CFO for a minimum of 6 months to get the most out of the service.

The CFO service packages are one-off services designed to meet a specific need you have at that point in time.

What is the role of a chief financial officer?

A CFO is the senior executive responsible for managing the financial actions of their company. They are often in charge of tracking cash flow, analyzing strengths/weaknesses in the company's finances and overseeing all aspects of its financial success. Hiring a part-time CFO is an affordable option for business owners who recognize the need for a financial expert but do not have the budget for a full time CFO. Part-time CFOs provide top level advice just when you need it, offering incredible value and cost savings to companies focused on growth and long term success.

What determines the most suitable part-time CFO package for my business?

The most suitable part-time CFO package is determined by a number of factors, such as the size, complexity and growth rate of your company, as well as your specific needs and budget considerations. This will determine whether you will need someone at a higher level, vs whether you need more hands on assistance. We can help you assess this during our consultation.

With your cloud accounting packages, do we need to purchase our own accounting software license?

The CloudEssentials, CloudGrowth and CloudPro packages include a subscription to the standard or premium Xero Accounting Software subscriptions with no additional cost to you. If you want to set up your bookkeeping function in Xero Accounting Software for the first time, our recommendation would be to purchase the CloudStart package, in combination with one of the other recurring cloud accounting packages.