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Fractional CFO for Sydney Startups

A fractional CFO gives your business senior financial leadership for a set number of days each month. OmniScope360 works with founder-led startups and founders in Sydney on cash-flow forecasting, a reliable monthly close and investor-ready numbers, without the cost of a full-time CFO.

Akram El-Karrar works between Sydney and Muscat, so businesses with links to Oman or the GCC are a natural fit.

Who it suits

  • Founder-led Sydney startups that want to see cash before BAS, PAYG and super payments fall due
  • Startups preparing for a raise or a bank facility
  • Founders with operations or investors in Oman or the GCC who need reporting in both AUD and OMR
  • Startups heading into the 30 June year end that want a budget and forecast in place

The first 90 days

  • Weeks 1 to 2: diagnostic of cash, close process and reporting
  • Weeks 3 to 6: a 13-week cash forecast that includes GST, PAYG and super payments, and a fixed monthly close calendar
  • Weeks 7 to 12: KPI dashboard, budget and, where needed, a lender or investor pack

The plan is adjusted to your business and agreed in writing before work starts.

How we work with Sydney clients

  • We work in Xero, MYOB and QuickBooks and report in AUD
  • Calls are booked in Sydney time. Sydney is 6 to 7 hours ahead of Muscat, depending on daylight saving
  • Scope and fee are agreed in writing before work starts
  • We work alongside your accountant and your registered BAS or tax agent. We do not lodge BAS or tax returns

Fractional, virtual, part-time or outsourced CFO?

In Australia the same service goes by several names: fractional CFO, virtual CFO, part-time CFO and outsourced CFO. All mean a senior CFO who works with you for part of the month instead of a full-time hire. With OmniScope360 that is Akram El-Karrar, a CPA (CPA Australia) who began in Big 4 audit at KPMG, working from Sydney and Muscat.

Guides for Sydney founders

  • R&D Tax Incentive for startups: the refundable offset and how to plan the cash
  • ESIC: tax incentives for investors in early-stage startups
  • How to build a 13-week cash flow forecast from Xero
  • Australia GST and BAS essentials

Getting started

Book a free discovery call to walk us through your numbers and agree what to fix first. Write to info@omniscope360.com or call +61 401 531 550.

Frequently asked questions

What is a virtual CFO in Australia?

A virtual CFO is a senior CFO who works with your business part-time and largely remotely. The terms fractional, virtual, part-time and outsourced CFO describe the same service.

How much does a part-time CFO in Sydney cost?

It depends on scope and days per month. OmniScope360 agrees a fixed-fee project or monthly retainer in writing after a free discovery call.

Do you work with businesses in Sydney?

Yes. OmniScope360 works with startups and founders in Sydney and across Australia as well as in Oman and the GCC, with calls booked in Sydney time.

Do you lodge BAS or tax returns?

No. Providing BAS services for a fee requires registration with the Tax Practitioners Board. OmniScope360 builds the forecasts, reporting and controls, and works alongside your registered BAS or tax agent.

Which accounting software do you work with?

Xero, MYOB and QuickBooks.

Can you handle Australian and Oman reporting together?

Yes. For businesses with entities or investors in both markets we prepare reporting in AUD and OMR on a single calendar.

How are fees set?

Fees depend on scope. We agree a fixed-fee project or a monthly retainer in writing and send a proposal after a free discovery call.

Want this set up for your startup?

Book a free discovery call. We review your numbers and agree what to fix first, with no cost and no obligation.

Book a free callFree templates

Written by Akram El-Karrar, CPA, from the work we do for startups every week.

FAQ

What is a virtual CFO in Australia?
A virtual CFO is a senior CFO who works with your business part-time and largely remotely. The terms fractional, virtual, part-time and outsourced CFO describe the same service.
How much does a part-time CFO in Sydney cost?
It depends on scope and days per month. OmniScope360 agrees a fixed-fee project or monthly retainer in writing after a free discovery call.
Do you work with businesses in Sydney?
Yes. OmniScope360 works with startups and founders in Sydney and across Australia as well as in Oman and the GCC, with calls booked in Sydney time.
Do you lodge BAS or tax returns?
No. Providing BAS services for a fee requires registration with the Tax Practitioners Board. OmniScope360 builds the forecasts, reporting and controls, and works alongside your registered BAS or tax agent.
Which accounting software do you work with?
Xero, MYOB and QuickBooks.
Can you handle Australian and Oman reporting together?
Yes. For businesses with entities or investors in both markets we prepare reporting in AUD and OMR on a single calendar.
How are fees set?
Fees depend on scope. We agree a fixed-fee project or a monthly retainer in writing and send a proposal after a free discovery call.