Fractional CFO Services
High Quality Financial and Accounting Advise – Contract CFO Services
Fractional CFO Services with transparent pricing demonstrate why you are better off with a few hours each week from a senior and knowledgeable CPA than you are relying upon your receptionist or a junior bookkeeper for your accounting needs. Most business owners know they need a CFO but don’t want to invest in senior talent for a non-revenue-generating position. Using fractional CFO services, small businesses like yours can get financial leadership at an affordable price by only using the contract CFO services that they need. People wrongly assume that real advice is unaffordable to their business, which is why we are publishing our contract CFO pricing — so we can be 100% open and honest.
Consistent Monthly Contract CFO Pricing
Instead of one large annual tax prep and accounting bill, with Fractional CFO Pricing programs, you have one consistent monthly bill to cover all your accounting and financial needs. Our team keeps your books up to date so we can have an intelligent high-level discussion each month based on real data. You know that you should make data-driven decisions requiring accurate and up-to-date information.
Our Fractional CFO service is around developing and monitoring KPIs (Key Performance Indicators) that grow your business.
Starter - Compliance
- Payroll and Monthly Books
- Quarterly Compliance
- Semi Annual Tax Planning
- Annual Tax Returns
- Weekly Bookkeeping
- Cash Allocation Strategy
- Monthly Financial Statements
- Quarterly Reviews
- Daily Transaction Imports
- Weekly Cash “Tie-Outs”
- Weekly Reports of KPIs
- Monthly KPI Driven Strategy
Real “Big Company” Finances
At Small Business Fractional CFO Pricing
Suppose your business is starting to assemble an executive team but can’t afford senior people in all positions. Using our contract CFO pricing, you can direct your payroll toward revenue-generating positions while still professionalizing your business.
We know that Fractional CFO is a temporary solution, and we are here to help you grow to the point that you are ready to fill your CFO position full-time. We love watching our clients grow and are prepared to support you along the way. Just like we offer transparent Fractional CFO pricing, we also have transparent outsource accounting pricing for clients that need specific accounting support.
Growing Sophistication for a Growing Firm
This option is for clients that have established profitable businesses or growing revenue-generating businesses and need to start putting real systems in place. For smaller companies, we offer Profit First – a simplified financial system that helps owner-operators get the financial discipline needed to grow. Profit First is designed for businesses with a single owner-operator that makes all significant financial decisions. When your managers start to get budgetary authority, Fractional CFO services make more sense.
As a Fractional CFO Client, we’ll keep the books up to date so we can review your financial KPIs regularly. We’ll help you develop systems for tracking marketing KPIs like RPC (Revenue Per Client) and CAC (Cost of Acquiring a Client), sales KPIs like CPL (Cost Per Lead), and sales conversion ratios, as well as operational metrics that match your business needs.
By combining your CFO Services and Outsourced Accounting, your Profit and Loss statement becomes your source of truth for evaluating your business, helping you hit those next levels.
Fractional CFO Pricing, Contract CFO Services
Fractional CFO services are how we help our mid-sized companies grow into major companies. Mid-sized companies had outgrown the accounting systems they put in when they were small but can’t necessarily hire a senior finance person as CFO. On the other hand, you are growing your business and have outgrown your simple cash-based accounting and tax-based books. You’re getting ready to make real business decisions on KPIs but don’t want to pay your finance person more than you make. As a CPA firm, we can offer more services than a consultant offering contract CFO services.
We can put together a full accounting and finance department for the monthly cost of a senior bookkeeper or junior accountant for you, just part fractionally. With transparent contract CFO prices, we’ll set up your fully outsourced accounting department. Generally, you handle your own invoicing, but we organize your bill paying and move you to a purchase order system from just putting down a credit card for everything. We’ll set up all the systems to track your KPIs, and then Bette meets with your senior leadership team regularly – whether that team consists of 3-4 people or you and your dog, we’ll help you grow to the next level.
Who Needs a Fractional CFO?
Service businesses with $750,000 in revenue or product businesses with $1,500,000 or more in sales have started to outgrow their early mom-and-pop systems. Owner-operated businesses without a management team can get by with the simpler Profit First program, but more complex organizations may want to start putting real systems earlier. If you need to get financial information to decision-makers in real time, Fractional CFO services give you the tools to make the same data-driven decisions your bigger competitors need.
As your business grows, small changes can have a big impact. A 10% improvement at a $1,000,000 company is now $100,000, while you’d ignore such a small improvement when you were starting out. Using us to contract CFO services lets you find those improvements without adding multiple 6-figure employees to acquire finance talent.
How is Fractional CFO Services different from Outsourced Accounting?
We consider Fractional CFO part of our FaaS (Finance as a Service) and AaaS (Accounting as a Service) program, our cloud-based approach to outsourced accounting. Normally outsourced accounting focuses on legacy systems like accounts receivable and accounts payable. Our Fractional CFO focuses on developing the metrics you need to run your business. While MBAs have made the term “KPI” or Key Performance Indicator popular, managerial accounting dates back to the 19th Century and form the basis of the modern KPI Method.
But fractional CFO services are about getting your KPIs (Key Performance Indicators) out of your financial and other business data to make better decisions. We all hit a point in our business growth where we can no longer keep track of it by looking at our bank account and doing the math in our head, and bringing a serious senior manager in on a part-time basis can be critical.
Outsourced accounting services generally focus on bookkeeping, compliance, and keeping track of your business. It’s a cost center to your business, but it’s more cost-effective than having it screwed up during the year and then redone by your accountant, saving you money. It also helps you spread your accounting costs out across the year instead of getting tacked on to your tax preparation bill. When you find a consultant advertising as a contract CFO, their proposal won’t include the costs of your accounting services, leading to sticker shock as you get control of your finances.
But if you want to have regularly updated charts showing your business growth over time, visuals to help you identify when costs are growing faster than revenue, or need someone to reality check your business based on industry benchmarks, you’ve hit the point of needing Fractional CFO Services.
What is the ROI – Return on Investment – of this program?
Every business is different, but generally, the ROI is a mixture of cost savings and revenue growth. You should recover 50%-70% of the program’s costs by reducing expenses related to your existing accounting systems. The rest of the ROI will be from cost savings we’ll identify in your business and revenue growth from better decision-makers. We’re not doing our job if your profits don’t increase by at least what you pay us (a 200% return).