A virtual finance director fills the role of a full time FD on a part-time basis. Our virtual FD service will work as your trusted adviser, business coach, and strategic expert.Get Started
What is a virtual FD?
Virtual finance directors support and advise your business finances without being employed full-time or on the payroll. Using a virtual FD to manage and monitor your finances, will give you better information to help make strategic decisions that will shape and grow your business in the short and long term, making your plans a reality. They can also offer advice around planning and improving your current systems. The best part for many businesses today is that the service can be provided virtually, which means less phone calls, as many or little sit-down meetings as you’d prefer and easy to use online services.
Why choose a virtual finance director for your business?
Advanced experience and expertise
Our virtual FD services will work to meet the needs of your growing business whilst providing a cost-effective and tailored service. It is a great option if you are wanting to scale-up your business and need the skills of an experienced accountant in helping businesses maximise their financial potential.
Accounting solutions specific to you
Another key benefit of a virtual FD is that you can use the services and have the level of input you need without the commitment of adding a new full-time employee. You might just want someone to check over your accounting function and bookkeeping or consult with an external expert on development opportunities.
With that flexibility and choice, you will likely find that outsourcing these services are a lot more cost effective. You will have complete peace of mind that your finances and accounting are in the hands of knowledgeable professionals without giving yourself a lot of extra costs.
What types of services are involved with a virtual FD?
A progressive business can take advantage of a range of services by choosing to use a virtual FD. We have helped many businesses to realise their full potential and still strive to help those who need accounting advice and guidance. When using our services, your virtual financial director will:
- Give you professional advice and financial direction for your business
- Assess potential challenges and impacts you might encounter and how to prevent or manage them
- Help you to make the right decisions by providing financial insight and advice
- Support growth, turnaround and exit strategies
- Focus on cash management and budget planning
- Assist with cashflow forecasting
How we can help you
Jan McDermott Chartered Accountants specialise in all areas of accounting and tax support for businesses including virtual finance director services. Our team of professional chartered accountants will be on hand to assist you with all your accounting and finance needs. In this digital modern day, we strive to provide a streamlined virtual service that makes managing your money as simple and efficient as possible. When using us you can be assured that we always focus on the needs and goals of your business and are committed to taking the stress of accounting and tax off your shoulders.
Get in touch with our specialists today to take control of your business and financial goals.
Frequently Asked Questions
When you’re running a business, it’s very easy to get wrapped up in your day-to-day operations. Managing employees and making sure projects run effectively is a big responsibility and undertaking. However, this means analysing your finances or forecasting into the future typically gets pushed down the priorities list, which is where having a skilled virtual FD can be invaluable.
You might think about hiring a virtual FD if:
- Your business is growing and you’re struggling to stay on top of your finances.
- You think you have reached the point where you need a financial expert to help support your ongoing success and development.
- You’re unable to hire a full-time finance director because of an insufficient budget.
They provide us with a fully outsourced finance function so that our own team can focus on our business. They implemented Xero software from day one of the company meaning that we have real-time visibility of our business at all times, The monthly management accounts meetings we have with Jan really add value to decision-making and strategic planning and we wouldn’t be without them.
Their professionalism, expertise and client care are outstanding and they have supported our growing business no end. They look after everything from our bookkeeping, VAT, annual accounts, as well as claiming Research & Development tax relief, preparing budgets and forecasts and assisting with grant claims. The whole team are always responsive, friendly and reliable and we wouldn’t hesitate to recommend them to anyone looking for a trustworthy and efficient firm to look after their business finance requirements.
I moved my accounts over to Jan at the beginning of the year and have been extremely impressed with her attention to detail and precision. She’s made it easy for me to understand and manage all the key aspects of my accountancy, as well as offering useful suggestions of ways to improve and make things work more efficiently for me and my business. I’d highly recommend Jan and her team to anyone looking for professional, friendly, and reliable accountants that truly get to know you and offer a tailored service.”
Jan McDermott & Co have been our accountants for over 15 years and have not only ensured our accounting records are accurate and legal, but also provided us with first class advice to help us grow. They recommended our move to Xero accounting software which has revolutionised our business, allowing us to create predictable income through the use of Go Cardless Direct Debits, and streamlining our day to day accounting operations. Jan and her team are friendly, easy to work with and take time to understand a particular problem or situation. I wouldn’t hesitate to recommend them to any business that wants an accountancy firm they can grow with and depend on.