Below listed are some of the most important functions of a CFO. Both in-house and outsourced CFOs perform almost the same functions.

• Managing cash flow
• Cash flow reporting and support
• Expenditure Management
• Variance Analysis
• Setting and tracking of KPIs
• Performance Analysis
• Planning and Implementation of Budget
• Work-out the business strategy followed by implementation
• Matching budget with real outcomes
• Enhancing product margin and thereby enhancing profit
• Making sure of the timely accomplishment of budgets
• Suggesting updated software to perform financial calculations and projections.

• As already discussed, you may avail a professional CFO service at the time of organizational changes or financial restructuring of the company.
• If investors demand a professional and dedicated CFO service due to financial inadequacies.
• The company cannot focus on income generation due to financial mismanagement or employee-related issues.
• When the company is planning for business expansion but lacks expertise and experiences employee-deficit.
• When the company experiences a lack of control over various financial parameters.
• When the company goes through an extremely tough phase that demands financial considerations and strategic decisions.
• When the company needs improved and quicker monetary data for the purpose of making choices, and satisfying regulatory prerequisites.

Sure, here’s the revised version:

If you’re a business owner in Dubai or the UAE looking for VAT return filing services or an outsourced CFO, consider partnering with an experienced accounting firm. Outsourcing your CFO services offers a practical and cost-effective option compared to hiring a full-time, in-house employee. By partnering with an experienced and knowledgeable team, you can access unbiased and logical financial analysis, as well as valuable advice during financial uncertainties.

One Step Accounting is a reputable accounting firm in Dubai that provides CFO services, bookkeeping, and accounting services for businesses of all sizes. Our team of experienced professionals can assist you in managing all aspects of your finances, including financial reporting, strategic planning, and decision-making. Our services are tailored to meet the unique needs of each of our clients, whether you are a small startup or a large established organization.

Contact us today to schedule a free consultation with our expert finance professionals and learn more about our CFO services and other accounting solutions.