Our Outsource CFO services ensure you get the best support for your bookkeeping and other financial advisory needs.
Our team has over 35 years of experience and includes licensed financial advisers and chartered accountants. We don’t just offer generic advice; we listen to what your business needs and tailor our services accordingly.
FREQUENTLY ASKED QUESTIONS
| ✔ | What is an outsourced CFO? | CFO outsourcing involves hiring external CFOs on an hourly, part-time, or contractual basis. Outsourced CFOs, also known as fractional CFOs, are ideal for startups and small to mid-sized businesses that require expert advice but have a limited budget to hire a full-time finance chief. |
| ✔ | How can Eclipse Advisory’s CFO services benefit my business? | Our CFO services can significantly enhance your business’s financial health and strategic direction. We provide insights into financial reporting, advice on cost reduction, profit maximisation strategies, and support in securing financing. Our goal is to foster your business’s growth, sustainability, and compliance with Australian financial regulations. |
| ✔ | Is outsourced CFO service cost-effective? | Outsourcing CFO services to Eclipse Advisory is a cost-effective solution for businesses seeking high-level financial expertise without the expense of a full-time CFO. Our flexible service model allows you to access tailored financial advice and support, scaling with your business needs. |
| ✔ | How do I start with your CFO services? | Just reach out to us! We’ll have a chat about what your business is all about, what challenges you’re facing, and where you want to go. Then, we’ll tailor our CFO services to match your goals, setting the stage for a successful partnership. |
We can help
Some of the solutions we offer include:
- Liaise with bankers, lawyers and accountants – we know their language, and we are good at it
- Develop and implement business exit strategies – always moving towards a successful exit-building capacity for the business – it’s not just about sales
- Reliable financial reporting – it makes sense
- Manage the key business drivers – identify, strategize, monitor and action
- Run the accounting department – bookkeeping systems and processes R Us
- Cash is King – short, medium and long-term cash management is critical
- Monitor profit centres – meaningful review and assessment to keep the business on track
- Payroll and HR headaches – we certainly know payroll, and we have experts who know HR
- Budgets and Breakeven – these are bread-and-butter – but keeping business on track is the challenge
FAQ: Bookkeeping & Outsourced CFO
Xero is a cloud-based accounting software that offers a range of features including invoicing, bank reconciliation, financial reporting, and payroll. It benefits your business by providing real-time financial data, improving accuracy, and enabling collaboration with your bookkeeper from anywhere.
Xero helps manage your finances by automating routine tasks, providing easy-to-read financial reports, integrating with various business applications, and offering real-time visibility into your cash flow and financial health.
Xero offers features such as automated bank feeds, invoicing, expense tracking, payroll, inventory management, and financial reporting. These tools help streamline your bookkeeping processes and keep your finances organised.
Setting up Xero involves creating an account, entering your business details, connecting your bank accounts, setting up your chart of accounts, and importing your existing financial data. Eclipse Advisory can assist with the setup and ensure everything is configured correctly.
Yes, Xero integrates with over 800 third-party apps including CRM systems, e-commerce platforms, and project management tools, allowing you to streamline your business operations and maintain accurate financial records.
It’s recommended to reconcile your bank transactions daily or at least weekly to ensure your financial data is accurate and up-to-date. Regular reconciliation helps identify discrepancies early and maintains the integrity of your financial records.
Xero allows you to generate various financial reports including profit and loss statements, balance sheets, cash flow statements, aged receivables and payables, and budget vs. actual reports. These reports provide insights into your business’s financial performance.
Xero uses industry-standard security measures including data encryption, two-step authentication, and regular security audits to protect your financial data. Your information is stored securely in the cloud, ensuring it is safe and accessible.
Yes, Xero can handle multi-currency transactions, allowing you to invoice and receive payments in different currencies. It automatically calculates exchange rates and provides up-to-date currency conversion.
Eclipse Advisory offers comprehensive Xero bookkeeping support including setup, training, ongoing bookkeeping services, troubleshooting, and regular financial reporting. Our team ensures your Xero account is managed efficiently and accurately.