The Holistic Accountant
A holistic accountant goes beyond tax returns, aiming to offer proactive advice to maximise clients' wealth after all taxes. Stuart Wemyss and Mena Abraham explore multifaceted considerations weekly, highlighting the need for a holistic approach. Each episode is succinct and to the point with no fluff or sales pitches. For further details, check out www.prosolution.com.au.
The Holistic Accountant
Ep 167: The Finance Function Evolution: bookkeeper → controller → virtual CFO
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Many business owners feel stuck in the uncomfortable middle: too big for basic bookkeeping, but not ready or willing to pay for a full-time CFO. The result? Numbers that exist, but don’t drive decisions.
In this episode, Stuart and Mena break down the three distinct layers of the finance function and why skipping or compressing them causes so many businesses to stall. They explain what bookkeeping is meant to do (and where it stops), why the controller role is the most misunderstood yet most critical layer, and when a Virtual CFO actually adds value.
You’ll learn how clean data becomes reliable information, and how reliable information turns into better capital allocation, pricing decisions, hiring choices, and risk management. They also call out a common trap: jumping straight to “strategy” conversations without trustworthy inputs.
This isn’t about job titles or org charts. It’s about matching financial capability to business maturity, so decisions are grounded in reality rather than guesswork.
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Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.
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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.
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