--- title: What is Outsourced CFO Service? description: Outsourced CFO services allow your small business to get access to all that a CFO can do, but only to the extent you need it. image: https://www.altusfinancial.com.au/hubfs/Blog_Hero_Images/What-is-an-Outsourced-CFO-Service-.jpg --- [![Logo](https://www.altusfinancial.com.au/hubfs/Logo.svg "Logo")](https://www.altusfinancial.com.au/) - [![](https://www.altusfinancial.com.au/hubfs/1.%202017%20Assets/Dark_Phone.svg)](tel:+61289083444) [![Talk with us](https://no-cache.hubspot.com/cta/default/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36) ##### Accounting & Business Services ##### Wealth Services ##### Lending Sources ##### [Need Real-life Advice?](https://www.altusfinancial.com.au/request-a-consultation) [![Talk with us](https://no-cache.hubspot.com/cta/default/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/6a87cb2e-17ae-43a1-93c7-da9582e08c36) [![page-1 (5)](https://www.altusfinancial.com.au/hubfs/page-1%20(5).svg "page-1 (5)")](https://www.altusfinancial.com.au) - ![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/group-14%20(1).svg)![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/group-17%20(1).svg) - ##### MENU - [![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call%20(6).svg)![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call-2.svg)](tel:1300832962) - ##### MENU [![Talk With Us](https://no-cache.hubspot.com/cta/default/512115/11099956-4246-4311-83f2-64fc6560f370.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/11099956-4246-4311-83f2-64fc6560f370) - [![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/phone-call-2%20(1).svg)](tel:+61%202%208908%203444) - ![](https://www.altusfinancial.com.au/hubfs/close.svg) CLOSE - [Instagram](https://www.instagram.com/altus_financial/) - [LinkedIn](https://www.linkedin.com/company/2339369/admin/) - [Facebook](https://www.facebook.com/AltusFinancial/) - [Business (242)](https://www.altusfinancial.com.au/blog/topic/business) - [Strategy (150)](https://www.altusfinancial.com.au/blog/topic/strategy) - [Wealth (142)](https://www.altusfinancial.com.au/blog/topic/wealth) - [Super (56)](https://www.altusfinancial.com.au/blog/topic/super) - [CFO (48)](https://www.altusfinancial.com.au/blog/topic/cfo) - [Growth (38)](https://www.altusfinancial.com.au/blog/topic/growth) - [Business Succession (25)](https://www.altusfinancial.com.au/blog/topic/business-succession) [![Helpful Resources](https://no-cache.hubspot.com/cta/default/512115/11b7293b-309b-4f1b-af85-27ec1dd19a35.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/11b7293b-309b-4f1b-af85-27ec1dd19a35) Request a Consultation - Close![](https://www.altusfinancial.com.au/hubfs/Assets%20Jan%202019/Images/close%20(3).svg) ## Request a Consultation - [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth) - [Super](https://www.altusfinancial.com.au/blog/topic/super) - [Tax](https://www.altusfinancial.com.au/blog/topic/tax) # [Division 296 tax: what high-balance super members need to do now](https://www.altusfinancial.com.au/blog/division-296-tax-what-high-balance-super-members-need-to-do-now) From 1 July 2026, Division 296 will introduce additional tax on superannuation balances above $3 million. For many Australians, this will be a marginal change. For high-balance super members, it’s something more significant — a shift that could reshape how sup..... ###### Altus Team #### Latest Posts [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth), [Super](https://www.altusfinancial.com.au/blog/topic/super), [Tax](https://www.altusfinancial.com.au/blog/topic/tax) ##### [Division 296 tax: what high-balance super members need to do now](https://www.altusfinancial.com.au/blog/division-296-tax-what-high-balance-super-members-need-to-do-now) [Business](https://www.altusfinancial.com.au/blog/topic/business), [FBT](https://www.altusfinancial.com.au/blog/topic/fbt), [Accounting](https://www.altusfinancial.com.au/blog/topic/accounting) ##### [Common FBT Questions and Answers](https://www.altusfinancial.com.au/blog/common-fbt-questions-and-answers) [Super](https://www.altusfinancial.com.au/blog/topic/super), [Business](https://www.altusfinancial.com.au/blog/topic/business) ##### [Pay Day Super Is Coming: What SMEs Should Be Doing Now](https://www.altusfinancial.com.au/blog/pay-day-super-is-coming-what-smes-should-be-doing-now) [Lending](https://www.altusfinancial.com.au/blog/topic/lending) ##### [Supporting the Next Generation into Property](https://www.altusfinancial.com.au/blog/supporting-the-next-generation-into-property) [Wealth](https://www.altusfinancial.com.au/blog/topic/wealth), [Budget](https://www.altusfinancial.com.au/blog/topic/budget), [Risk](https://www.altusfinancial.com.au/blog/topic/risk) ##### [Rising Insurance Premiums: What’s Really Going On, and What You Can Do About It](https://www.altusfinancial.com.au/blog/rising-insurance-premiums) [Business](https://www.altusfinancial.com.au/blog/topic/business), [CFO](https://www.altusfinancial.com.au/blog/topic/cfo) - 3 min read ## [What is Outsourced CFO Service?](https://www.altusfinancial.com.au/blog/what-is-an-outsourced-cfo-service) ###### Scott Young - SHARE: - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://www.altusfinancial.com.au/blog/what-is-an-outsourced-cfo-service) - [**](https://www.twitter.com/share?url=https%3A%2F%2Fwww.altusfinancial.com.au%2Fblog%2Fwhat-is-an-outsourced-cfo-service) - [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.altusfinancial.com.au%2Fblog%2Fwhat-is-an-outsourced-cfo-service) Have you ever asked yourself the following questions? - “The numbers look good to me, but how do I know if I’m profitable?” - “Should I take on extra staff?” - “Is my business scalable and efficient?” - “The numbers don’t seem to be stacking up. Is my finance team performing?”  If any of these questions sound familiar to you, you might be in the market for [CFO services](https://www.altusfinancial.com.au/cfo-services). Small-to-medium-sized businesses can always benefit from the direction and guidance of a CFO, but most of these smaller organisations just can’t afford to pay another executive.  That’s where [outsourced CFO services](https://www.altusfinancial.com.au/cfo-services) come into play. So what are they, and how can they help?   ## Outsourced CFO Services Are Like Renting a CFO  Newer and smaller businesses don’t always have enough work for a full-time CFO, but that doesn’t mean they don’t need access to a CFO’s skills and talents. In fact, when you’re first growing your business, you need CFO services more than ever. CFO services allow you to leverage the services of your accounting firm or existing finance team. It's a cost-effective solution that allows you to get access to all that a CFO can do, but only to the extent you need it.   ## So What Exactly Could a CFO Do For You? A [CFO](https://www.altusfinancial.com.au/cfo-services) is responsible for the financial measurement systems that drive your business. But what exactly could your business gain from outsourcing this finance function?  A CFO can: - measure what matters to your business and analyses financial reporting numbers and trends; - let you know when preventative actions are required and help your management to create thorough processes, forecasts, and plans; - ensure that your cash flow management is done effectively so that you never run out of cash or need to hastily borrow; - report on profitability compared with targets and makes sure you operate with compliance to relevant laws; and - liaises with you and the key decision makers and can become a key strategic adviser.  When business owners don’t have to trouble themselves with financial and management reporting, compliance obligations, budget forecasts, [payroll tax claims and other business taxes](https://www.altusfinancial.com.au/taxation-advisory), and cash flow, they can focus on what they do best. You will not only improve your own business performance but more importantly, be the kind of leader you feel comfortable being, knowing that the financial direction of your business is clear and focused. Get in touch with us at Altus Financial to learn more about [outsourced CFO services](https://www.altusfinancial.com.au/cfo-services) and what our experienced professionals can do for you. We look forward to talking with you.  [![New Call-to-action](https://no-cache.hubspot.com/cta/default/512115/47e207ca-a8f3-43b0-a3fc-b2ece5ca0e95.png)](https://cta-redirect.hubspot.com/cta/redirect/512115/47e207ca-a8f3-43b0-a3fc-b2ece5ca0e95) ### **Could Your Business Benefit from an Outsourced CFO?** Set your business on the right path with this simple guide. [Access the Guide](https://www.altusfinancial.com.au/cfo-landing-page) ![Could Your Business Benefit From an Outsources CFO_Resources](https://www.altusfinancial.com.au/hs-fs/hubfs/1.Offers/Could%20Your%20Business%20Benefit%20From%20an%20Outsourced%20CFO/Could%20Your%20Business%20Benefit%20From%20an%20Outsources%20CFO_Resources.jpg?width=582&height=386&name=Could%20Your%20Business%20Benefit%20From%20an%20Outsources%20CFO_Resources.jpg) ## Financial insights you won’t delete. Delivered to your inbox weekly. ### Sign up for our newsletter ### **Prospective Business Owner** - Succession Checklist Make sure you’re on the right track with this online checklist. [Access the Checklist](https://www.altusfinancial.com.au/prospective-business-owner-succession) ![Business Owner - Succession Checklist_Resources](https://www.altusfinancial.com.au/hs-fs/hubfs/1.Offers/Business%20Owner%20-%20Succession%20Checklist/Business%20Owner%20-%20Succession%20Checklist_Resources.jpg?width=581&height=386&name=Business%20Owner%20-%20Succession%20Checklist_Resources.jpg) #### Featured authors [Adam Montana](https://www.altusfinancial.com.au/blog/author/adam-montana) [See all articles](https://www.altusfinancial.com.au/blog/author/adam-montana) [Alex Bouris](https://www.altusfinancial.com.au/blog/author/alex-bouris) [See all articles](https://www.altusfinancial.com.au/blog/author/alex-bouris) [Alex Thomaschuetz](https://www.altusfinancial.com.au/blog/author/alex-thomaschuetz) [See all articles](https://www.altusfinancial.com.au/blog/author/alex-thomaschuetz) [Altus Team](https://www.altusfinancial.com.au/blog/author/altus-team) [See all articles](https://www.altusfinancial.com.au/blog/author/altus-team) ###### Have a question for Scott Young? Connect with the author of this post and they'll get back to you. [Send a message](mailto:scott.young@altusfinancial.com.au) ![close (1)](https://www.altusfinancial.com.au/hubfs/Altus_LP_Images/close%20(1).svg) #### Related Insights [Business](https://www.altusfinancial.com.au/blog/topic/business), [FBT](https://www.altusfinancial.com.au/blog/topic/fbt), [Accounting](https://www.altusfinancial.com.au/blog/topic/accounting) - 7 min read ##### [Common FBT Questions and Answers](https://www.altusfinancial.com.au/blog/common-fbt-questions-and-answers) [Super](https://www.altusfinancial.com.au/blog/topic/super), [Business](https://www.altusfinancial.com.au/blog/topic/business) - 2 min read ##### [Pay Day Super Is Coming: What SMEs Should Be Doing Now](https://www.altusfinancial.com.au/blog/pay-day-super-is-coming-what-smes-should-be-doing-now) [Business](https://www.altusfinancial.com.au/blog/topic/business), [Real Estate](https://www.altusfinancial.com.au/blog/topic/real-estate) - 3 min read ##### [The New Power Partnership: Why Agents and Accountants Are the Real Deal-Making Force in Property](https://www.altusfinancial.com.au/blog/the-new-power-partnership-why-agents-and-accountants-are-the-real-deal-making-force-in-property) [Business](https://www.altusfinancial.com.au/blog/topic/business), [FBT](https://www.altusfinancial.com.au/blog/topic/fbt), [Accounting](https://www.altusfinancial.com.au/blog/topic/accounting) - 6 min read ##### [Everything You Need to Know About Fringe Benefits Tax (FBT)](https://www.altusfinancial.com.au/blog/everything-you-need-to-know-about-fringe-benefits-tax-fbt) ## Financial insights you won’t delete. 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