Why Growing Businesses Need a Virtual Finance Director, Not Just More Bookkeeping

31 Dec

Most six and seven figure businesses do not need more bookkeeping.
They need better financial leadership.

Once your business reaches a certain size, a standard accountant is no longer enough. Yes, they file your tax returns and produce your accounts, but growth brings new challenges that require deeper financial insight.

If you are scaling beyond the basics, you need someone who can help you think, plan, and act like a CEO.

This is where a Virtual Finance Director becomes a game-changer.

The Problem With Traditional Accounting at Scale

A standard accountant focuses on compliance. They make sure your records are correct and your filings are on time.

But they usually do not:

Forecast cashflow
Analyse profitability
Help you price correctly
Guide hiring decisions
Build financial systems
Manage financial risk
Plan for tax efficiently
Support long-term strategic decisions

For a growing business, these gaps can lead to cashflow issues, underpricing, stalled growth, or hiring mistakes that cost thousands.

Once you reach six or seven figures, you do not just need numbers.
You need direction.

What a Virtual Finance Director Actually Does

A Virtual Finance Director, or VFD, acts as your part-time CFO. They provide high level financial guidance without the cost of hiring someone full-time.

Here is what a VFD brings to your business:

✔ Clear revenue, profit and cashflow forecasting
✔ Improved pricing strategies and better margins
✔ Monthly performance reviews
✔ Guidance on when and who to hire
✔ Budgets you will actually use
✔ Protection from cashflow surprises
✔ A proactive tax strategy
✔ Support to help you scale sustainably
✔ Board-level decision making support
✔ Financial clarity you have never had before

A VFD is not there just to record what has happened.
They help shape what happens next.

Why This Matters for Growing Businesses

When your business grows, so do the risks.
Margins can shrink without you noticing.
Hiring the wrong person can cost tens of thousands.
Poor pricing leaves profit on the table.
Cashflow surprises can halt growth completely.

A Virtual Finance Director helps you make smarter decisions in real time using accurate forecasts and proper financial planning. You stay ahead of problems instead of reacting to them.

This is the difference between running your business and leading it.

The Cost Difference: Full-Time FD vs Virtual FD

A full-time Finance Director typically costs between £80,000 and £150,000 a year. That is out of reach for most small and growing businesses.

A Virtual Finance Director gives you access to the same level of insight, strategy, and financial leadership at a fraction of the cost.

You get the expertise you need without the overhead.

Who a Virtual Finance Director Is For

A VFD is ideal if your business:

Is approaching or exceeding six figures
Feels profitable but never has enough cash
Is growing fast but lacks structure
Is making big decisions without financial guidance
Wants to scale sustainably
Needs direction, not just bookkeeping
Feels like it is outgrowing its accountant

If you want to move from “busy business owner” to strategic CEO, a VFD gives you the support to do exactly that.

The Bottom Line

Most growing businesses do not fall behind because of bad bookkeeping.
They fall behind because they lack financial leadership.

A Virtual Finance Director helps you:

Understand your numbers
Make informed decisions
Spot problems early
Scale with confidence
Build a stronger, more profitable business

If you are scaling past six figures and want proper financial direction, send us a message. It is one of the smartest investments growing businesses make.

Meet Lewis

Lewis is a professional accountant and founder of Rhombus Accounting. He regularly shares his knowledge and best advice here on his blog and on other channels such as LinkedIn.

Book a call today to learn more about what Lewis and Rhombus Accounting can do for you.