CFO Services That Drive Smarter Financial Decisions and Sustainable Growth

Every business needs financial direction, but not every business needs a full-time CFO.

Outsourced CFO services give you access to senior accountant & financial expertise without the high salary costs.

At Pherrus, we partner with businesses like yours to deliver tailored CFO services. Our team combines strategic insight with hands-on financial management to help you grow profits, keep cash flowing, and build a stronger future.

What CFO Services Include

A Chief Financial Officer (CFO) plays a key role in guiding a business’s financial strategy and performance.
What do their services typically include?

Financial Reporting and Analysis

Financial reporting and analysis provide a clear picture of how a business is performing.

A CFO reviews and interprets financial data. They prepare accurate reports, uncover trends, and highlight areas for improvement, giving businesses the clarity to make confident, informed financial decisions.

Budgeting and Forecasting

Effective budgeting and forecasting keep a business financially prepared for what’s ahead.

CFO services involve analysing past results, market trends, and upcoming goals to create clear financial plans that guide spending, manage cash flow, and support sustainable growth.

Cash Flow and Risk Management

Strong cash flow keeps a business running smoothly, while smart risk management protects it from financial setbacks.

CFO services in this area focus on monitoring incoming and outgoing funds, maintaining healthy liquidity, and identifying potential risks before they impact operations or business growth.

Strategic Advice and Financial Planning

Strategic advice and financial planning help businesses make decisions that drive long-term success.

CFOs provide insight into financial opportunities, assess the impact of major decisions, and develop strategies for growth, investment, and sustainability.

Tax Planning and Compliance

Tax planning and tax compliance help businesses meet their legal obligations while finding opportunities to save.

CFOs manage tax reporting, identify deductions, and structure finances efficiently to minimise liabilities. They also keep businesses up to date with Australian tax laws and ATO requirements, reducing the risk of penalties or missed opportunities.

Benefits of Outsourced CFO Services

Outsourced CFO services are becoming increasingly popular in Australia as more businesses look for expert advisory services without the full-time price tag. They offer the following benefits that help businesses grow.
  1. Cost-Effective Financial Leadership: Gaining senior-level financial guidance without the high salary, benefits, and overhead costs of a full-time CFO.
  2. Access to Expert Financial Advice and Strategic Support: Working with professionals who bring broad industry experience, helping you plan growth, manage challenges, and seize new opportunities.
  3. Streamlined Operations and Improved Efficiency: Simplifying reporting, forecasting, and compliance processes so you can focus on running and growing your business.
  4. Informed Decisions and Reduced Risk: Using accurate data and expert insight to guide business decisions, strengthen financial stability, and minimise potential risks.
  5. Scalable Support as You Grow: The ability to adjust the level of financial support as your business evolves, from part-time assistance to more comprehensive strategic involvement when you need it.

Are All Outsourced CFO Services Virtual?

Not all outsourced CFO services are virtual, but most now include virtual elements.

Outsourced CFO services simply mean the role is contracted rather than in-house. The CFO might work remotely, on-site part of the time, or a mix of both, depending on the arrangement.

Virtual CFO services are delivered entirely online. Communication, reporting, and meetings are done through cloud-based platforms, video calls, and shared accounting systems.

Many Australian businesses use a hybrid model, where the CFO works virtually most of the time but visits on-site for strategy sessions, reviews, or major decisions.

Take Control of Your Finances with Expert CFO Support

Outsourced CFO services give you the clarity, confidence, and direction to make smarter financial decisions and grow with purpose.

At Pherrus, we go beyond the numbers. Our team will work alongside you to turn financial insight into action, helping you plan ahead, stay compliant, and build lasting success.

Get in touch today to gain access to expert financial support and actionable insights that can help your business succeed. Fill out our online form or call (02) 9099 9109 to speak with our team.

FAQ

CFOs can be personally liable if they breach their legal duties or allow the company to break the law. This includes issues like insolvent trading, false financial reporting, or failing to meet tax obligations. However, liability usually applies only if the CFO was directly involved in or aware of the misconduct.

There’s no fixed revenue threshold, but most businesses start needing a CFO once annual revenue reaches around $5–10 million. At this stage, finances become more complex, and strategic guidance is required to manage growth, cash flow, and long-term planning.

A company can operate without a CFO, especially in the early stages. However, as the business grows and financial decisions become more complex, having a CFO—even on an outsourced or part-time basis—helps manage risks, improve profitability, and support sustainable growth.

Book a FREE consultation with our tax and financial services experts

Don’t just accept our word when we say we believe we’re the best in business accounting, call our team now to book a FREE consultation. This gives you the opportunity to ask us questions and see how what we offer can meet your needs. It also gives us the chance to tell you more about what we’re about and how our customised, cost-effective service could transform the way that you do business.

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    Hear from our valued partners and how they have benefited from working with Pherrus Financial Services – The Best in Business Accounting

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