CFO Support Services
Outsourced Backoffice for CFOs
Hire Bookkeepers (FT/PT)
Hire Finance Executives
Outsource Specific Assignments
Build Your Own Backoffice
Virtual CFO Services for businesses
Finding professional Virtual CFO services is not only a hassle but it’s also expensive. This is why you need Altobooks. Our Finance Associates are experienced in preparing and reviewing financial information and help you save your staffing costs. They are trained to maintain efficient and optimal financial operations of any firm.
Our outsourced finance and accounting services will not only help in financial reporting and analysis, they will also advise client companies on how to minimize expenses and maximize profits to help companies reach their potential. They have a thorough understanding of the best practices in financial management, including accounting standards and tax codes.
We specialize in providing virtual CFO services to software companies, fintech companies and startups.
Qualities of Altobooks Finance Associates
Altobooks associates provide relevant financial analysis, advise senior managers and internal departments and help in improved financial management.
Analysis
Always analytical about the arrangement, position, result.
Planning
Good at looking and formulating a plan. No haphazard way.
Numeracy
Very good at numbers. Generally, do not use calculators.
Insight
Interpret information, make an opinion, take a judgement.
Outsourced support for Fractional CFOs and Full-time CFOs
Altobooks has an experienced team of accountants and bookkeepers who are supporting various CFOs in their bookkeeping requirements. We understand what it takes to provide regular reports to the clients by the CFO. Hence, we do bookkeeping in such a way that it is quite easier to monitor and generate reports.
- Bookkeeping for SAAS companies
- Bookkeeping for Service companies
- Bookkeeping for contractors
- Bookkeeping for Doctors
- Bookkeeping for food and beverages outlets
- All industry-specific customized bookkeeping for CFOs
This is a major part of work for many CFOs. Every month they have to provide dashboards to the clients. So, Altobooks team can provide you basic dashboard data as per industry-specific or business-specific parameters. Also, we can prepare dashboard as per your prescribed format every month. You just need to review the work once provided.
Dashboard for SAAS companies
Dashboard for Service Companies
Dashboard for Contractors
Dashboard for restaurants
- Dashboard for Doctors
All Industry-specific dashboards as per the requirements
At Altobooks, we know very clearly that the biggest draw in CFO reports is cashflows. In every meeting with the management this is the most talked about subject. We can prepare a detailed cashflow analysis, cashflow maps, cashflow reports.
- Month on month cashflow reports and variances
- Cashflow components analysis
- Ratio analysis
- Cashflow forecasts and projections
- Cashflow concentration reports
- Cashflow mapping
We help businesses prepare their budgets. We then compare results with the budget values of the same period and analyze the differences.
Preparation of annual budget
Monitoring costs and revenue flow
- Variance Analysis reports
- Suggesting cost control measures
- Financial Planning & Analysis (FP&A)
The cash conversion cycle relies heavily on working capital management. By monitoring and optimizing the use of current assets and liabilities, we help clients aim to make better use of a company’s resources.
- Ratio Analysis
- Management of Accounts Payable
- Management of Accounts Receivable
- Inventory Management
- Treasury Management
For each business, we understand that few things run the entire show. For service companies, it is revenue per employee, for retail focused business, it is no. of customers, for construction company project cost etc.
- Identify business-specific KPIs
- Monitor MoM and YoY changes in the KPIs
- Prepare KPI reports and provide graphical presentation
- Establish trends and patterns based on KPI reports
- Suggest pockets where improvement can be done
This is specifically for those who are consulting on business buy / sale. We have deep capabilities in transaction advisory practice. The foremost being requirement of preparing QoE reports and due diligence reports.
- Quality of Earning report preparation
- Financial Due diligence of the business
- NPV, IRR, Payback analysis
- Corporate Financial Advisory
- Support in readiness for sale of business
- Forensic Accounting and Investigation
Interaction and Communication
What is the use of reports and information when they are not communicated with in time?
- Communicate with management periodically
- Communicate with accountants, and auditors periodically
Skills of Altobooks CFO team
Bookkeeping
Budgeting and Variance Analysis
Dashboards and Reports
Quality of Earnings Reports
Cashflow Analysis
Management Reporting
KPI Monitoring Reports
Working Capital Reports
Industries we serve
Software Proficiency
Testimonials
I met Tejas at an accounting conference, where I was a speaker. We had an intense discussion about what Altobooks does and what are staffing challenges for small town firms like ours. The passion for helping small firms was visible in the eyes of Tejas and that got me hooked to Altobooks in the first place. After 4 months, we hired a full-time staff accountant from them and we are very happy. My team is also happy that we have such a great offshore team member. Highly recommend these guys.
Frequently
Asked Questions
Have questions on how this will work?
Request a free call session with us now!
CPA firms focused on advisory, businesses wanting to improve their financial management, CFOs wanting to build their support team may connect with our offshoring expert to explore hiring Altobooks Finance Associates.
Accounting professionals, CPAs, MBAs, finance graduates with good understanding of accounting, cashflows, costing. They are generally good at analysis and reporting.
Finance associates assist you in preparing MIS reports, financial analysis, KPI monitoring, spreadsheet modelling etc. This way finance managers, CFOs can get the basic work done and can focus on value added advisory practice at their end.
Case Studies
We Support
