Virtual CFO

Definition

A virtual CFO (vCFO) is a fractional or outsourced financial executive who provides CFO-level strategic guidance to businesses on a part-time or contract basis rather than as a full-time employee. CPA firms increasingly offer this as a high-value advisory service, covering areas like cash flow forecasting, financial modeling, and strategic planning. Clients typically pay a monthly retainer, making it a source of recurring revenue for the firm.