A virtual CFO is an experienced finance professional or firm that provides part-time CFO services remotely, including financial reporting, cash flow management, budgeting, investor reporting, fundraising support and compliance oversight. It suits startups and growing SMEs that need strategic finance expertise but cannot yet justify a full-time CFO.
What a virtual CFO does
- Monthly MIS and management accounts
- Cash flow forecasting and working capital management
- Budgets, unit economics and pricing analysis
- Financial models and due diligence support for fundraising
- Oversight of tax, GST, ROC and payroll compliance
- Board and investor reporting
When you need one
- Preparing for a fundraise
- Burning cash without clear visibility
- Growing past the capacity of a bookkeeper
- Investors asking for structured reporting
Virtual CFO vs full-time CFO
| Factor | Virtual CFO | Full-time CFO |
|---|---|---|
| Cost | Fraction of a senior salary | High fixed cost |
| Availability | Scheduled, part-time | Full-time |
| Breadth | Team and multi-industry experience | Single person |
Short on time? Leegal can handle Virtual CFO Services for you, end to end.
Get expert help →How to choose a provider
Look for experience in your industry and stage, clear deliverables and timelines, data security, and the ability to work with your accounting software and team.
Frequently asked questions
Is a virtual CFO the same as an accountant?
No. An accountant records transactions and prepares statements. A virtual CFO interprets the numbers, plans cash and growth, and advises management and investors.
How much does a virtual CFO cost?
Fees depend on the scope, complexity and frequency of engagement. Most providers charge a monthly retainer that is significantly lower than a full-time CFO's cost.
Can a virtual CFO help raise funds?
Yes. Virtual CFOs commonly build financial models, prepare data rooms, handle investor queries and support due diligence.
Will a virtual CFO handle tax filings?
Many oversee compliance and coordinate with tax professionals. Whether filings themselves are included depends on the engagement scope.
Let Leegal handle your Virtual CFO Services
Documentation, filing and follow-up by a dedicated expert, so you can focus on running your business.
- Dedicated point of contact
- Transparent pricing
- Pan-India service