Author name: Pratheesh Nair

Tax Advisory, Startup Accounting

What is an Outsourced CFO?

An outsourced CFO is a financial expert outside your organization who can provide top-notch financial, accounting, and operational guidance to your company. The CFO may be outsourced on a full-time, part-time or temporary basis during a project. Outsourcing to a CFO can also help you solve your company’s financial challenges such as cash flow problems, raising capital, solving tight margins and planning for business growth.

cloud accounting canada accounting services and tax advisory
Fintech

What is Cloud Accounting?

In accounting, cloud software is similar to traditional software. What differentiates it is that the system is hosted on remote servers. Revenue and expense data is recorded and sent to the cloud where it is processed and returned to the user. Finance teams can record and track money flowing in and out of a company in near real-time. All cloud accounting software functions are performed without having to install any software on a computer. Cloud accounting solutions allow a group of people from different areas to access the same data whenever they need it.

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