Outsourced CFO

Outsourced Chief Financial Officer positions serve to satisfy the needs of investment managers in various situations. For managers who find that their full-time resources are not fully utilised, who need to create bandwidth for internal teams, or who need to temporarily fill positions – outsourcing these roles solves these problems in an efficient, cost-effective manner.

IQ-EQ can perform virtually every task that an in-house CFO  would provide for private equity funds, hedge funds, portfolio companies, and other various structure types.

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Our service offering:

  • Maintain books and records in QuickBooks
  • Provide cash controls, including entering expenses into the chosen payment system for approval and release by Client
  • Perform cash and credit card reconciliations
  • Perform expense processing and bill payment using Bill.com
  • Review and process employee expense reports, as applicable
  • Work with your PEO provider to assist with payroll processing and benefits, as appropriate
  • Directly receive vendor invoices, review them for appropriateness, process them for payment, and retain appropriate records of each transaction
  • Report quarterly financial positions/reconciliations to management
  • Prepare customized quarterly financial statements and a formal financial statement package at year-end to be provided to tax preparer (unaudited)
  • Setup a calendar that provides for the on-time payment of the annual franchise tax to avoid penalties, among other things


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