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+61 0(3) 9863 9779


Level 8, 350 Collins Street, Melbourne
Level 5, 20 Bond Street, Sydney NSW 2000

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GPO BOX 430, Melbourne VIC 3001

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Outsourced CFO

Connect Advisors offers a full-service, comprehensive package of accounting, financial reporting, ASIC and ASX and business advice, together with our in-house team of accountants, consultants and support staff.

Outsourcing of financial administration roles traditionally performed in-house has become increasingly popular in recent years due to the rise of communication and information technology that makes outsourcing more efficient and effective for increasing a business’s core capabilities.

Connect Advisors would provide a dedicated staff member who would act in the capacity of Finance Manager. The following is a summary of the key aspects of that service deliverable.

What is an Outsourced CFO?

A Chief Financial Officer (CFO) is a key, senior member of a company’s management team.

They are responsible for more than just the accounting side of a business, extending into areas such as strategy, human resource, risk management and systems.

All companies need the expertise and experience of a CFO.

The concept of a Virtual CFO is to provide a part time CFO in person or online who can deliver all the critical services that a growth company requires at a lower cost. 

What are the benefits of an Outsourced CFO?

  • Increasing growth, profit and cash flow
  • Access to a skilled professional at a much more manageable cost
  • Manage the finance function
  • “Strategy into Action”
  • Timely financial information along with skilled input and analysis and
  • Becoming attractive to investors and funders by implementing best practice
  • Having access to a national and international network of specialists and technical resources

Summary of Our Outsourced CFO Key Deliverables     

Business Strategy

  • Planning Tools & Processes
  • Prepare Strategic Business Plans
  • Financial Modelling
  • Revenue Modelling
  • One Page Plans

Business Development

  • Business Model Development
  • Sales Planning – Strategic & Tactical
  • Plan Implementation
  • CRM
  • Sale Pipeline Reporting
  • Develop Systems and Processes
  • Waste Reduction/Audit

Management Reporting

  • Bookkeeping
  • Monthly Management Report
  • Budget Development & Variance Analysis
  • KPI / Lead Indicator Reporting
  • Activity Based Costing
  • Cash Flow Planning and Monitoring
  • Ad Hoc Management Report
  • Follow up implementation

Tax and Annual Reporting

  • Assist with Year End Planning and Preparation of Financial Statements
  • Liaising with external service providers eg: auditors, consultants

Business Funding

  • Preparation of all necessary documentation for capital raising including but not limit to:
    • Information Memorandum
    • Investor Presentations
    • Transaction Support
    • Financial Due Diligence
    • Executive Summaries
    • Business Valuations
  • Liaising with lenders to provide business funding


  • Advice as to which tax and corporate structures are the most appropriate.
  • Liaise with external advisers such as consultants and lawyers


  • Accounting software/ERP solutions such as XERO, MYOB, Quicken, Navision and Great Plains etc.

For an idea about what Connect Advisors business and commercial accountants can do to make your financial administration a simpler and more effective process, we can handle the following finance functions and more:

  • Management accounting
  • Bookkeeping
  • Payroll services
  • Board accounting and financial reporting
  • Accounting advisory and tax advisory
  • Tax compliance, tax structuring, and tax planning
  • Internal audit, audit of financial statements
  • Staff secondments
  • Corporate secretarial services

When you outsource CFO or outsource financial administration to Kingston & Knight, we will ensure that your business is enhanced by:

  • Providing access to a range of professional technical resources
  • Focusing on your core business operations and devising accounting and financial strategies to improve competitiveness in these areas
  • Reduce idle time by staff
  • Reduce your overhead and ongoing infrastructure costs
  • Reduce your training and employment costs
  • Provide access to national and international accounting and finance resources
  • Ensure that the business remains compliance with statutory obligations, reducing audit time and assurance costs
  • Provide high quality information to management through accurate, timely, and transparent reporting of financial and accounting information that is relevant in insightful.

We know that your business has its own business and commercial imperatives that are guiding your success

With experience assisting clients across a number of sectors with their outsourcing of financial administration and outsourced CFO services, Connect Advisors has developed an in-depth understanding of the core drivers of business performance and profit unique to difference sectors, and the industrial circumstances affecting each sector. We know that your business has its own business and commercial imperatives that are guiding your success, and we take these on board when you decide to outsource your financial administration of chief financial officer function to Connect Advisors accountants.

Particularly for smaller businesses and companies, the engagement of an in-house financial officer or finance administration team is not at all practical or effective, owing largely to the difficulty of attracting and retaining the best financial administrators in today’s competitive corporate environment.

Connect Advisors take on a bridging role between the traditional functions of accounting and financial administration for clients who decide to outsource CFO or financial administration roles to our team of commercial and business accountants in Melbourne. By taking a proactive approach to financial reporting, coupled with timely and effective preparation, interpretation, and delivery of pertinent financial information to management alongside vital accounting and taxation services, we ensure that your financial administration is improved following the decision to outsource.

Contact Connect Advisors today on 03 9863 9779  to learn more about our outsourced CFO services, or email us at