[ THE VALUE OF A CFO]
Small businesses deserve CFOs, too.
The Chief Financial Officer handles your past, present and future financial records and business strategy, ensuring your finances are well-managed and your business is optimized. But despite the value and impact a CFO brings, some small businesses think they’re too small to need one. Others feel they simply can’t afford one.
So how does a small business get the financial expertise and strategic guidance of this crucial position without taking on a full-time salary or long-term commitment? Enter the fractional CFO.
Where we fit on the team...
Most commonly, this person or firm primarily focuses on doing annual financial statements and the taxes for the organization.
Bookkeepers and controllers perform the daily transactions, including accounts receivable and accounts payable, may also prepare monthly bank reconciliations and month end financial statements and other reporting as required by a financial institution.
Chief Financial Officer (CFO)
Chief Financial Officer (CFO) The CFO provides direction, financial accountability and leadership pertaining to business performance and growth goals. This crucial role prepares projections and reviews monthly financial statements comparing budget to actual results, seeking to understand the story behind the numbers. CFO’s also secure appropriate capital and communicate with lending sources.
Expertise just when you need it.
Fractional CFOs offer the same experience as their full-time counterparts, but can be hired on an as-needed basis. They provide high-quality solutions that can be integrated into your strategy when you need them. And when you no longer require them, the costs vanish along with the position.