VFD Lite
The full department, sized to where you are now
Not every growing business needs monthly board reporting and a CFO in the room from day one. But most businesses past £500k need more than year-end accounts and a bookkeeper.
VFD Lite gives you the same team and the same senior thinking as our full Virtual Finance Department, scaled to what you need now. For example, quarterly management information and review meetings instead of monthly, with Xero and Dext kept up to date every month.
What's included
Xero and Dext kept up to date, with bank reconciliations done every month
Quarterly management accounts, with commentary on what changed and why
A quarterly review meeting to go through the numbers and the decisions ahead
A cash flow forecast, refreshed every quarter
VAT, payroll, year-end accounts and corporation tax, handled by the same team
Xero and your connected apps set up and kept tidy
A shared Slack channel for questions as they come up
We agree the scope with you, so the exact mix depends on what your business needs.
Who VFD Lite suits
VFD Lite usually suits founder-led businesses turning over from £500k that:
- want to understand their numbers properly, but don't need monthly reporting yet
- have a bookkeeper or accountant today and feel they have outgrown them
- are growing steadily and want a finance team in place before things get complicated
When to step up to the full VFD
Most clients move to the full Virtual Finance Department when quarterly numbers start to feel too slow. Common signs are a plan to raise money, a board or investors who want monthly reporting, or decisions about hiring and pricing that can't wait for the quarter end.
Because it's the same team, stepping up is a change of scope, not a change of accountant.
Pricing
VFD Lite starts from £750 a month. The price depends on your transaction volumes, how many companies are in the group and how often you want reporting.
See pricing for more detail.
Download the guide
The Business Owner's Guide to a Virtual Finance Department explains what a finance department does and how to tell whether your business needs one.
Related services
Virtual Finance Department
Board reporting
Tell us about your business
We'll come back to you within one working day. If it looks like a good fit, the next step is a 30-minute call.