A Virtual CFO (Chief Financial Officer) is a financial professional who provides outsourced financial management services to businesses on a part-time or contract basis. Unlike traditional CFOs who are full-time employees of a company, virtual CFOs work remotely and provide financial expertise to multiple clients. They help businesses with financial planning, budgeting, forecasting, cash flow management, financial reporting, and other strategic financial decisions. Virtual CFOs can be especially valuable for small and medium-sized businesses that may not have the resources to hire a full-time CFO but still need the financial expertise and guidance of a CFO. By leveraging technology and working remotely, virtual CFOs can offer cost-effective and flexible financial services to businesses of all sizes and industries.
In this blog, we will be listing the top Virtual CFOs who provide world-class financial advice and services to businesses in Melbourne. From setting up accounting processes and systems to providing insights into data analytics, these Virtual CFOs can provide comprehensive assistance with all your financial needs.
1. Standard Ledger
Standard Ledger is an accounting firm that caters exclusively to startups. This specialized focus enables them to have an in-depth understanding of what it takes for startups to succeed at every stage. The team at Standard Ledger comprises professionals with experience in accounting firms, venture capital firms, and working directly within startups. They leverage this diverse background to assist startups in making sound financial decisions. Standard Ledger possesses an in-depth knowledge of the efficient systems and processes necessary when starting out, and they are equipped with the expertise to help startups stay on track during periods of rapid growth. With their specialized knowledge and experience, Standard Ledger is uniquely positioned to provide startups with the financial guidance and support they need to achieve their business objectives.
⚙️ Services
Bookkeeping | Financial Modelling |
CFO Services | Tax Services |
⚙️ Payment
Cash | Visa |
Master Card |
🕒 Working Hours
Monday | 9:00am–5:00am |
Tuesday | 9:00am–5:00am |
Wednesday | 9:00am–5:00am |
Thursday | 9:00am–5:00am |
Friday | 9:00am–5:00am |
Saturday | Closed |
Sunday | Closed |
Review on Google – “Very informative and good service” – Sophie Hansen
2. Propeller Advisory
At Propeller, they pride themselves on being more than just number-crunching accountants. They understand that your business is more than just a set of financial statements, it’s your vision and your ambitions. That’s why they work with you to plan for your future, not just meet deadlines. They believe in empowering you to shape your own destiny, and they are always here to offer guidance and support along the way. When you join Propeller, you become part of a community of like-minded entrepreneurs who are passionate about innovation and growth. They are your mentors, coaches, and cheerleaders, here to hold you accountable, help you navigate challenges, and celebrate your successes. Whether you’re a small or medium-sized business, you’ll find a partner in Propeller who shares your values and your vision for the future.
⚙️ Services
Accounting Service | Bookkeepingy |
⚙️ Payment
Cash | Visa |
Master card |
🕒 Working Hours
Monday | 9:00am–5:00pm |
Tuesday | 9:00am–5:00pm |
Wednesday | 9:00am–5:00pm |
Thursday | 9:00am–5:00pm |
Friday | 9:00am–5:00pm |
Saturday | Closed |
Sunday | Closed |
Review on Google – “Ideal partner for my startup, nothing but good things to say about Katie, Andy and team. Would strongly recommend for personal or business.” – Alastair Kenvyn
3. One Ledger
OneLedger Group is a financial services group that specializes in accounting, finance, and insurance. Their mission is to become a part of their client’s stories by providing comprehensive financial services that support businesses at every stage of their life cycle. OneLedger Group offers assistance to startups, businesses in the growth stage, established companies, and those exiting their business. They work closely with their clients to ensure the best outcomes for both the business and the wider group surrounding it. By leveraging their expertise in accounting, finance, and insurance, OneLedger Group can provide tailored financial solutions that help businesses achieve their goals. Whether it’s providing financial advice, bookkeeping services, or insurance solutions, OneLedger Group is committed to being a trusted partner that supports its clients throughout their business journey.
⚙️ Services
Bookkeeping | Accounting |
Tax Services | CFO Services |
⚙️ Payment
Cash | Visa |
Master card |
🕒 Working Hours
Monday | 9:00am–5:00pm |
Tuesday | 9:00am–5:00pm |
Wednesday | 9:00am–5:00pm |
Thursday | 9:00am–5:00pm |
Friday | 9:00am–5:00pm |
Saturday | Closed |
Sunday | Closed |
Review on Google – “Very knowledgeable and great service.” – Fonique M
4. Luna Startups
LUNA is a comprehensive startup studio that provides a range of legal and accounting services, as well as tailored learning and development programs for entrepreneurs who want to approach business differently. Their network is carefully curated, providing founders with access to crucial parts of the startup ecosystem, including investors. LUNA’s suite of services is designed to support founders at every stage of their startup journey, from launching to scaling and pitching for investment. They believe that a tailored approach to learning and development is essential to success and have created purpose-built programs to help founders acquire the skills they need
⚙️ Services
Accounting | Legal Service |
Labs Service |
⚙️ Payment
Cash | Visa |
Master card |
🕒 Working Hours
Monday | 9:00am–6:00pm |
Tuesday | 9:00am–6:00pm |
Wednesday | 9:00am–6:00pm |
Thursday | 9:00am–6:00pm |
Friday | 9:00am–6:00pm |
Saturday | Closed |
Sunday | Closed |
Review on Google – “Friendly, helpful and above all – impactful – focusing on the specifics that I need. I’ve been a client of LUNA (previously #Corporate Advice) for 4 years across two businesses. Always received a great service. Definitely recommend.” – Josh Berg
5. Cloud CFO
Cloud CFO is an outsourced CFO and accounting service provider that specializes in providing customized financial solutions to small and medium-sized businesses. Their services are designed to help businesses understand their financial position, manage overall performance, and drive growth. Cloud CFOs’ personalized approach goes beyond just looking at the numbers, and they strive to deliver exceptional service that helps clients maximize opportunities and make informed decisions. Their executive-level advice is tailored to meet the unique needs of each business, and they offer flexible arrangements that deliver value for money. Cloud CFOs’ clients benefit from a range of financial services, including CFO-level insights, strategic financial planning, and bookkeeping services, among others. With Cloud CFO’s expertise, small and medium-sized businesses can access high-level financial services that are typically reserved for larger corporations, giving them the tools they need to succeed.
⚙️ Services
Financial Clarity | Accounting Services |
Financial Modelling |
⚙️ Payment
Cash | Visa |
Master card |
🕒 Working Hours
Monday | 9:00am–5:00pm |
Tuesday | 9:00am–5:00pm |
Wednesday | 9:00am–5:00pm |
Thursday | 9:00am–5:00pm |
Friday | 9:00am–5:00pm |
Saturday | Closed |
Sunday | Closed |
Review on Website – “Cloud CFO has completely changed the way I do business. From our first meeting, Elan was able to highlight some shortcomings in our processes and suggest some immediate changes that saved me time and money, allowing me to focus on the rest of the business. My only frustration is not engaging them earlier!” – Renee Moore
6. Accounting & Tax Advisory
Ten years ago, Accounting and Tax Advisory was established by an accredited CPA with a Master of Business Administration, as a business and tax consulting company. The company offers a wide range of services, including accounting, taxation, and operational support, with a strong focus on providing tailored solutions to meet their client’s unique needs. In addition to its core services, Accounting and Tax Advisory has established a network of industry experts to assist in the implementation of its clients’ strategies. Working with clients in diverse industries, including manufacturing, distribution, and design, has allowed Accounting and Tax Advisory to develop specialty solutions that can be applied to a variety of businesses operating today. Their expertise in tax and accounting has helped clients to optimize their financial operations and minimize tax liabilities. With a commitment to personalized service and tailored solutions, Accounting and Tax Advisory is a trusted partner for businesses seeking to improve their financial performance.
⚙️ Services
CFO Service | Business Advisory |
Accounting Advice |
⚙️ Payment
Cash | Visa |
Master card |
🕒 Working Hours
Monday | 9:00am–5:00pm |
Tuesday | 9:00am–5:00pm |
Wednesday | 9:00am–5:00pm |
Thursday | 9:00am–5:00pm |
Friday | 9:00am–5:00pm |
Saturday | Closed |
Sunday | Closed |
Review on Google – “The service from Balwyn Bookkeeping is thorough and extremely helpful for my small business. As a busy business owner, having the the team handle my books makes tax time breeze. Thank you!” – Kimberly Maxwell