Fractional Consulting

For many new businesses, the owner's hiring of its first employee typically marks a turning-point in its life-cycle.  Hopefully, growth follows exponentially.  When that happens you will soon be to a point where you could benefit from having a CPA advising you on best practices, setting up  your accounting for short and long-term success and developing your  financial reporting framework to keep the best possible watch over your  company's cash, income, and expenses. 

Why don't more small businesses have CPA's working with them on a regular  basis?  The answer is that while they would like the expertise, many  company's cannot justify the cost of a full-time CPA on salary plus the burden of additional taxes and benefits.  Enter the Fractional CPA.   While your budget has limits, so to do your needs at any give point. Utilizing a fractional amount of time you only pay for what you need and  don't commit to any long-term arrangements.

How  do I know what services I need?  It is typical for business to hire a  fractional CFO to prepare financial statements, when in fact, they may  need a Fractional Controller, Accounting Manager, or combination of the  two.  Here's a good breakdown by focused areas and tasks to help you  decide what's right for you:

Fractional CFO Services: 

• Providing financial projections, forecasts and budgets
• Planning and implementing growth strategies
• Focusing on key financial elements rather than the      day-to-day accounting duties
• Tracking key performance indicators (KPI)
• Treasury management, managing cash on hand
• Assistance with software system implementations and upgrades
  

Fractional Controller Services:

• Producing monthly financial reports – balance sheet,      profit & loss, cash flows
• Preparing budgets and financial plans
• Setting up internal controls, policies and procedures
• Overseeing audit preparation
• Managing and training staff accountants and bookkeepers      with best practices