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VIRTUAL CFO SERVICES

For Transportation and Logistics

Work with a dedicated Virtual CFO and team of accountants, CPAs and tax professionals to help your business accelerate growth, navigate change and achieve success.

Focused on Growth

Whether you’re looking for day-to-day outsourced accounting, a high-level virtual CFO or both, you can reach your financial goals with our unique services, process and pricing.

  

WE SPECIALIZE IN THE TRANSPORTATION AND LOGISTICS INDUSTRY

At Summit Virtual CFO by Anders, we offer comprehensive financial reporting, forecasting and a variety of tax services that give you deeper levels of insight into your business, ultimately creating a roadmap to reach your professional goals. A dynamic forecast based on solid non-financial drivers will help you manage cash flow, increase revenue and strategize for long-term growth. Our experienced CFOs focus on profitability and growing cash to sustain your business operations.

Our Virtual CFO Service may be a perfect fit for you if:

Your business has reached over $2 million in annual revenue.

Your company has grown to the point that you need professional financial advice but can’t yet afford a full-time CFO or controller.

You’re looking to replace an existing CFO and don’t need an on-site CFO on a daily basis.

You need strategic support, at an affordable, fixed rate.

Virtual CFO Services

We offer three different service levels, each with additional a-la-carte services that can be added on, so you only pay for exactly what you want and need.

Level 1: Virtual CFO (full-service)

Our Virtual CFO service provides year-round strategy by partnering you with a Virtual CFO and a remote accounting team. The Virtual CFO, your main point of contact, will teach you forecasting through non-financial metrics. They’ll monitor those metrics to reduce risk and increase profit, while building your cash reserves to 10% of revenue. A senior accountant handles day-to-day questions and assists with analysis and planning, while the tax specialist works behind the scenes, consulting as necessary to ensure no end-of-year surprises.  

In addition to benefiting from our leading-edge tech stack, you’ll get a team with diverse expertise and significant redundancy to ensure nothing ever stops (even when someone is sick or takes a vacation) – all at the fraction of the cost of a full-time employee.

If you have a growing business that needs professional financial advice (20+ employees / $5 million+ in annual revenue) but can’t afford a full-time CFO or controller, our Virtual CFO service is a perfect fit.

The Virtual CFO service includes weekly leadership meetings, where we often provide a 15-minute cash update or chat about the company’s finances. Joining these regular meetings also gives us a good understanding of your company and culture, and helps us stay up-to-date on current events.

Level 2: Controller

Our proactive Controller service partners you up with an experienced Controller who works with you to help guide your business to success. If you’re a growing service-based business that now needs professional financial advice, but can’t afford a full-time Controller, our Controller Services are a perfect fit. Our Controller services provide you with experienced support for tax returns, strategic planning, accounts payable and receivable, and detailed forecasting—all at a fraction of the cost of a full-time Controller. We get into more strategic cash flow management and dynamic forecasting. If you’re ready to scale, this kind of dynamic forecasting is a critical component of your future growth.

The Controller service includes bimonthly meetings with leadership, one dedicated to forecast updates and one to the prior month’s performance as it relates to our new goals.

Level 3: Transactional

Our Transactional service helps lay a solid financial foundation on which your business can grow. We prepare your monthly financial statements—including balance sheets, industry financial comparisons and more. But we’re not just a team of bookkeepers and accountants; we are ready to provide the strategic planning required to help your business accelerate when you need it.

If you’re a growing business in the cannabis industry that needs professional financial advice, our Transactional service is a perfect fit. 

The Transactional service includes a monthly meeting to review past financials.

Add-On Services

The following à la carte services can be added to any of our three levels:

  • Paying Bills (Accounts Payable)
  • Invoicing Clients (Accounts Receivable)
  • Payroll Management
  • Cash Flow Management
  • Credit Card Receipt Tracking
  • Business and Personal Tax Returns

Our Process

Our process starts with onboarding. Our team works hard during onboarding to get caught up with your existing processes. We look at your past books, build a forecasting model and set of KPIs, and perform a detailed review of your financial statements/chart of accounts to make sure we’re all on the same page and getting started on the right foot. Note: During the onboarding period, our normal weekly fee is doubled to cover the additional resources and effort needed to get up to speed in a timely manner. 

How we work together after onboarding: Each service level has a different meeting cadence. After an initial onboarding period, a typical month might include: 

If we are paying bills as part of the engagement, we will also meet weekly with one individual team member for about 15-30 minutes to go over cash flow for the next six to 13 weeks. We find that this schedule works best for most clients, but it is tailored to fit your needs. Regardless of the level of service you choose, we are always available anytime for questions, calls, and impromptu meetings.

HOW MUCH DOES A FULL-SERVICE VIRTUAL CFO COST?

Our pricing policy is fixed. Your quote is not an estimate. 

We learn what you need and use specific criteria to itemize an all-encompassing price. There are no hidden costs or miscellaneous fees. Your price won’t change unless you choose to change service levels or add à la carte options.

We price weekly because we are not a traditional accountant that you see once per quarter. And we’re not simply another vendor. Your employees don’t increase their rates, and they don’t charge you every time you ask them a question. Neither will we. We’re an extension of your team, and we want you to treat us that way!

*The average price scales based on revenue and employee count. Final pricing takes into account these factors and a la carte services added on by the client. Pricing has been updated as of 2/21/2023.

TRANSACTIONAL

$950

Per Week Average Learn More

Ideal for small businesses with fewer than 10 employees, our Transactional package provides the essential financial services you need. Get access to our leading-edge tech stack, a remote accounting team, and unlimited online support. We handle your month-end close and provide financial statements to keep your business on track.

What's Included:
  • Services for Small Companies (Up To 10 Employees)
  • Reactive Financial Services
  • 2 Week Onboarding Period
  • 1 Meeting per Month
  • Unlimited Online Support
Learn More

CONTROLLER

$1400

Per Week Average Learn More

Designed for medium-sized businesses with 10-20 employees, our Controller package offers proactive financial services. In addition to the Transactional package services, you’ll benefit from company-wide KPIs, 12-month forecasting, and revenue recognition. We also offer up to 2 scheduled meetings per month for detailed financial discussions.

What's Included:
  • Services for Medium-Sized Companies (10-20 Employees)
  • Proactive Financial Services
  • 6 Week Onboarding Period
  • Up to 2 Meetings per Month
  • Unlimited Online Support
All Services
  • Month-End Close
  • Financial Statements
  • Company-Wide KPIs
  • 12-Month Forecasting
  • Revenue Recognition
Learn More

VIRTUAL CFO

$1900

Per Week Average Learn More

Ideal for larger businesses with 20+ employees and $5 million+ in annual revenue, our Virtual CFO package partners you with a Virtual CFO for forecasting, risk reduction, and profit increase strategies. Enjoy comprehensive financial services, performance tracking, and weekly leadership meetings.

What's Included:
  • Services for Large Companies (20+ Employees)
  • Strategic Financial Services
  • 8 Week Onboarding Period
  • Up to 6 Meetings per Month
  • Unlimited Online Support
All Services
  • Month-End Close
  • Financial Statements
  • Company-Wide KPIs
  • 12-Month Forecasting
  • Revenue Recognition
  • Incentive Plans
  • Performance by Project
  • Team Member Performance
  • Department Performance
  • Customized Dept. Reports
  • Bank Relationships
Learn More

Virtual CFO Guide

New and growing businesses can’t always afford a full-time CFO. Hiring a full-time CFO averages $229,000 per year. That doesn’t include vacations, bonuses and other benefits. This cost can be significant for new and growing businesses. Not to mention, not every business needs or is ready to bring on a CFO. There’s a better way!

Summit Virtual CFO by Anders is a virtual CPA solution where you can outsource your CFO and accounting needs. Our Virtual CFOs provide many services including: managing bank relationships, weekly meetings, business forecasting, company-wide KPIs and more, all at a fraction of the cost of a full-time team member. Our average Virtual CFO package costs $78,000 per year.

Download a copy of our Virtual CFO Services guide to learn more about our processes, how we work with clients and more.

Download our Virtual CFO Services Guide

VCFO Guide

FREE VIRTUAL CFO CONSULTATION

How much does a Virtual CFO cost? When is it time to hire a Virtual CFO? Our free consultation will help you get the answers you need so you can decide how and when to move forward.

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