But just what are the best virtual CFO services in the US? In this post, we’ll compare 8 different companies that could be a good choice to work with.
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Toggle1. A Business Manager
A Business Manager stands out for its forward-thinking approach to business finances. Whereas some traditional companies take a ‘rear-view mirror’ approach, a business manager uses modern analytics to predict future performance and help carve out strategies.
Their plans are customized to the client: they have more affordable plans for startups and more premium plans for enterprises. Most of their clients are service-based, but they include companies from a huge range of industries, from construction to web design.
2. Kruze Consulting
Kruze Consulting was founded by startup expert and CPA Vanessa Kruze. This company specializes in working with startups and helping them to get their finances together to acquire VC funding. They currently work with over 800 businesses.
They pride themselves on offering a ‘hands-on partnership’ in which they can take on all kinds of financial roles, such as financial forecasting, handling tax compliance, and applying for R&D credits. Their prices are consultation-based.
3. Pilot
Pilot is one of the largest and most renowned virtual CFO services in the country. They work with many high-growth startups and e-commerce businesses and are mostly focused on scalability.
Their hi-tech approach involves using lots of big data to come up with advanced strategies. Many clients have praised Pilot for their proactive tax reduction strategies. They also offer a range of pricing tiers for different budgets.
4. inDinero
If you’re a small business looking for a lower-priced CFO service that’s still high quality, inDinero is a company you may want to look into. They do have an executive plan, but they cater their services mostly towards smaller companies and startups.
InDinero uses a lot of advanced tech to assist companies, including providing access to real-time data and automated reconciliations. They work with a lot of tech companies and can assist with things like SaaS metrics and R&D spending. This makes them a good choice for fledgling tech businesses.
5. airCFO
Another company that works heavily with tech clients is airCFO. Their focus is on helping to scale SaaS and FinTech startups. Compared to other virtual CFO services, they do come with a higher starting price. But they make up for this by being experts in niche tech and finance subjects like crypto, blockchain, and web3 technology – areas of FinTech that some other CFO services won’t touch. They also offer fundraising support and cash burn tracking.
Reviews have praised their ‘co-founder ownership’ feel. Tech startups should consider this company if they are looking for a service that can act as a business partner and or need a company to guide them through the initial development phase.
6. Ignite Spot
Ignite Spot offers a range of financial services from tax preparation to cash flow analysis for small and mid-sized businesses. They work with companies from a range of industries, from retail to professional services, and they offer highly personalized plans that include custom dashboards and an easy-to-follow ‘Financial Framework’.
With a rating of 4.8 on Google, they are one of the most reputable virtual CFO companies. They have a good track record for helping businesses to increase their profits, focusing on a more steady growth rather than fast growth.
7. Ledger Labs
Serving service-based firms and e-commerce businesses, Ledger Labs focuses on providing secure and compliant processes for global clients. They used advanced analytics tools for budgeting and forecasting, helping companies to slash costs and increase profits.
They offer customizable plans for businesses of different sizes. They also have experience working with a range of accounting software solutions, from QuickBooks to Xero.
8. AKM Global
As the name suggests, AKM Global doesn’t just serve US clients but clients all around the world. They are a good choice of virtual CFO service for companies with an international customer base, as they have knowledge of financial law in over 40 countries due to hiring experts from around the world.
From cash flow analysis to tax optimization, AKM Global can offer a wide range of financial services. Their pricing is based on the value of your business, with free consultations to help you determine the best plan for your needs.
Choosing a virtual CFO service
Each of these virtual CFO services has its own benefits, and it’s important to find a company that caters best to your needs and interests. First, think about the size and stage of your business. If you’re a small startup, look for startup-focused CFO services with affordable plans. If you’re a large, established enterprise, look for companies that can handle this.
You should also think about the industry that you are in. It’s important to choose a company that understands your industry so that it can provide the financial services your business needs.
Consider that some CFO services also exclusively cater to businesses trading within the US, whereas others work with international clients. If your company is trading around the world, you may need to consider whether you need a global partner. See more blogs