OUTSOURCED ACCOUNTING & BOOKKEEPING

Outsourced accounting is a service that provides a full accounting department experience for all businesses; an accounting department that handles the day-to-day transaction coding e.g. accounts payable, accounts receivable, payroll, plus management financial reporting and all other bookkeeping and financial accounting services.

Outsourcing provides access to local expertise without the need to invest in a full-time finance position or function or to augment this function.
Outsourcing CFO renders technical and visionary CFO and accounting services to emerging tech, innovation and other businesses.

A CFO service will generate forecasts, budgets and financial projections to give you and your board the best financial information possible in order to make the most informed strategic decisions about your company’s future, plus provide you with the wherewithal to hold your team accountable for hitting your goals.

Outsourced CFO: Strategic planning, budgeting, forecasting, KPI development, stakeholder management, fundraising, acquisitions, M&A

A Virtual CFO is an affordable alternative to hiring a full-time CFO and can make a big difference to a small business.

Over and above the day-to-day accounting; taking care of the past, balancing books, reporting results and filing taxes, a part-time accountant (CFO) would be accountable for the administrative, financial, and risk management operations of the company, including the development of a financial and operational strategy, identifying and tracking relevant KPIs, giving regular updates on your financial metrics, plus the ongoing development and monitoring of control systems to preserve company assets and boost profits. An outsourced accountant or CFO can also help a company resolve challenges such as cash flow issues, raising capital, solving tight margins, implementing more efficient systems, helping set up automated systems, reporting and software to make the accounting function a breeze and preparing for growth.

CFOs manage the company’s future, creating strategies, forecasts and tactics to achieve future goals. CFOs highlight trends in the market, create budgets, pinpoint problem spending, and act as a sounding board for important decisions; either validating or discouraging business decisions with financial well-being in mind.

An outsourced chief financial officer (CFO) has CFO experience and helps organizations with their financial needs on a part-time or project basis, either on retainer or more typically a contracted basis. Most outsourced accountants have experience with many different companies and industries.

Outsourcing CFO responsibilities can be a cost-effective way to get the financial advice and solutions a business needs with the benefits you would expect from an in-house CFO, but on an as-needed basis that suits your budget and requirements as you grow.

Tax Shop is an accounting consulting firm that renders a technical and visionary financial function service to ambitious SMEs. We have qualified, experienced, professional and helpful consultants across South Africa to help make your life easier and take your business to the next level.

We provide part-time & interim bookkeepers, accountants, financial managers and CFOs. Flexible, tailored solutions are available.