Outsourced CFO Services in Bangladesh
An outsourced CFO service puts a senior finance lead over your books, your filings and your reporting calendar without a full-time appointment. PayrollBD runs the monthly close, the statutory return calendar and the board pack for companies operating in Bangladesh. Every figure we report is traceable to the ledger entry it came from.
What does an outsourced CFO actually do?
The work splits into four standing duties, and each one ends in a document you can hold. This does not replace your auditor and it does not sign your return for you. The CFO function prepares, reconciles and explains, and your board approves what it signs.
- The close — reconciliation, accruals and a management account set that ties to the trial balance.
- The calendar — every filing your entity owes, dated and owned before the deadline month.
- The controls — ledger, receivable and payable checks run monthly rather than at year end.
- The board pack — one monthly pack carrying the accounts, the cash position and the open items.
What sits inside the monthly finance cycle?
Four outputs come out of every month, and each one is built from the ledger rather than from an estimate. The cards below name what each output contains and what it lets you decide.
Which controls run each month?
Five controls sit under the close, and each one exists because a specific error happens without it. They run every month on a written schedule rather than when a problem surfaces.
How does an engagement begin?
Five stages, and the second one carries the risk. Taking over a ledger without reading what is already in it is how an error becomes ours instead of visible. Each stage below ends in something written, and the calendar is fixed before the first close runs under it.
- Take the finance brief. The entities, the ledgers in use, the filing set your company owes and the reporting your board expects, agreed in writing before any work starts.
- Review the current position. We read the last closed month, the reconciliations behind it and the open filings, then name what is missing before we take responsibility for a number.
- Set the calendar and the close. Every filing and every close step is dated and given an owner, and the first close under our timetable is run alongside your existing routine.
- Run the monthly cycle. Reconciliation, close, management accounts, cash forecast and return preparation, each ending with a document handed to you rather than a verbal update.
- Report and review. The board pack goes out, the open items are tracked to a close, and the calendar is reviewed each quarter against what actually changed in the business.
Which service fits your finance gap?
Four different finance gaps arrive at this page, and only one of them is a CFO engagement. The table names each gap, the service built for it, and who signs the resulting filing. The boundary is clear before an enquiry rather than after a proposal.
| Your finance gap | The service that fits | Who signs the filing |
|---|---|---|
| No senior finance lead over close and reporting | Outsourced CFO, this page | Your directors |
| Entries and ledgers need keeping | Accounting and bookkeeping | Your directors |
| Annual income tax return support | Income tax filing consultancy | Your authorised signatory |
| A permanent finance hire on your payroll | Professional placement | Your company as employer |
When do the finance deadlines fall?
Three statutory dates govern the finance calendar of a company operating in Bangladesh, and each belongs to a named authority rather than to us. The table sets each filing beside the date it falls due and the statute or regulator that fixes it, so preparation can start in the month before the deadline.
| Filing | Statutory deadline | Authority or statute |
|---|---|---|
| Monthly VAT return, Form VAT 9.1 | Within the fifteenth day of the following month | National Board of Revenue |
| Company income tax return | Fifteenth day of the seventh month after the income year | Income Tax Act 2023, section 2(23) |
| Schedule X, share capital and members | Within twenty-one days of the general meeting | Companies Act 1994, section 36 |
These dates come from the sources themselves rather than from a summary. The National Board of Revenue publishes the monthly return rule, and the Income Tax Act 2023 defines Tax Day at section 2(23). The Registrar of Joint Stock Companies and Firms requires the Schedule X filing within twenty-one days of the general meeting, under section 36 of the Companies Act 1994. Reviewed by Eicra Binte Islam, HR Admin, PayrollBD.
What gets asked before a CFO engagement?
These four questions come up before nearly every engagement, and the first one is always about scope. Each answer states the position first, then names what it rests on.
How is a CFO engagement scoped?
Scope moves on four things. The number of entities you run, the transaction volume through the ledgers, the filings your company owes, and how much of the work your team keeps. We put the scope in writing before we start, name what stays with your staff, and name what we take responsibility for.
Where the work grows, the scope note is amended rather than assumed.
Who signs the statutory returns?
Your company does. We prepare the working papers, reconcile the figures to the ledger and hand the file to your authorised signatory, and the signature and the legal responsibility stay with your directors. An audit remains separate work carried out by your auditor. Our role is to make sure the file behind every figure exists before the return is signed.
How do you work with our existing accountant?
We start from what your team already produces rather than replacing it. The close steps are divided in writing, your staff keep the entries they already own, and we take the reconciliation, review and reporting layer above them. Where the same task is being done twice, we say so and remove one of them rather than quietly duplicating the effort.
When is an outsourced CFO the wrong fit?
It is the wrong fit where you need an audit opinion, which only your auditor can give. It is also wrong where the signatory must sit inside your own company, because the signature stays with your directors. It does not fit bookkeeping alone, which runs under accounting and bookkeeping, or a permanent finance hire, which runs under placement.
Send Us Your Finance Calendar
Send your entity list, your income year end and the filings your company already owes. We come back with the calendar, the split of work between your team and ours, and the first close date before anything is signed.