Virtual CFO Toolkit
For a CA firm acting as virtual CFO to an SME or startup: the engagement letter with its independence, data and liability terms, a thirteen-week cash-flow and working-capital workbook, a budget versus actual workbook with the monthly CFO commentary, and the monthly board and investor update.
- 35 pages
- 944
- Word, PDF and Excel
- 30 October 2026
- 30 October 2026
The 4 formats inside
- 1Engagement letter, virtual CFO servicesChartered Accountants Act 1949 · ss.141(3)(i) and 144, Companies Act 2013 · ICAI Code of Ethics (13th Edition) · DPDP Act 2023On its own₹149
- 2Thirteen-week cash-flow forecast and twelve-month working-capital workbookDirect method · s.15, MSMED Act 2006 · Schedule III, Division I · CARO 2020, clause 3(ii)(b)On its own₹149
- 3Budget versus actual variance analysis and monthly CFO commentaryManagement accounts · line items follow Schedule III, Division I · price and volume analysisOn its own₹149
- 4Monthly board and investor update packss.173, 175 and 179(3), Companies Act 2013 · information rights under the shareholders' agreement · statutory compliance statusOn its own₹149
Not included
What you will still need outside this pack:
- Any audit or assurance report, including the drawing power certificate a bank may ask for: it should come from a CA who has not prepared the figures (FV03-I7).
- The bookkeeping engagement letter, where the firm also keeps the books (FV06-B2).
- Stamp duty on the engagement letter under the Stamp Act of the State where it is signed.
- The client's sanction letter: margins, eligibility periods and covenants must be taken from it.
- Fuller data processing terms if the client wants them (FV07-G6).
- Board meeting notice, agenda and minutes (FV01-C7).
- Legal advice on the information rights and reserved matters in the client's shareholders' agreement.
Read the opening
The first part of “Engagement letter, virtual CFO services”, as it downloads. Blanks are highlighted.
On the letterhead of the firm · in duplicate, one copy returned signed
Issue only after the independence check in paragraph 7 is on file. Never issue it where the firm or a network entity is, or may become, statutory auditor of the client group. Bookkeeping goes under a separate letter (FV06-B2).
Ref: [Reference number of the letter]
Date: [Date of the letter]
To,
The Board of Directors
[Name of the client]
[Registered office address of the client]
CIN / LLPIN: [CIN or LLPIN of the client]
Subject: Terms of engagement for virtual CFO services
Dear Members of the Board,
This letter and its Schedules record the terms on which [Name of the firm], Chartered Accountants, Firm Registration No. [Firm registration number] (the “Firm”, “we”), will act as virtual chief financial officer to [Name of the client] (the “Client”, “you”). It supersedes our proposal. Paragraphs 3, 4, 6, 7 and 11 limit what we do and answer for.