A fractional CFO is an experienced Financial Professional who provides services for organizations in a part-time, retainer, or contract basis.
This offers You, the Entrepreneur, the experience and expertise of a high-end advisor without the in-house cost—salary, benefits, and bonuses—of a full-time CFO.
CFO for a “Fraction” of the Cost. The Median Salary of a Full Time CFO is $371,548. Most Businesses can’t afford that but desperately realizes they need to add a CFO to their team.
Fractional CFO’s most commonly partner with companies to help overcome financial challenges, achieve growth, optimize strategy, implement systems, raise capital, or navigate an audit or transaction.
Fractional CFOs are also helpful in optimizing or implementing more forward-facing financial visibility.
See, you need to understand that your bookkeepers and accountants provide PAST DATA.
Your CFO focuses providing you with the data and dashboards you need to make strategic, data-driven-decisions for the FUTURE.
The v.CFO program is an ideal fit for the business with less than $5MM in annual revenue and currently does not have a full-time CFO on staff. The Owner / CEO has the benefit of having a strategic partner who specializes in financial matters while keeping overhead low, fiscal efficiency high, and freeing up the time of the CEO.
What Will We Do?
Analyzing Financial Data and Reporting to Owner/ CEO
Quarterly Business’s Health Audit
Managing Cash Flow – Determining Allocation Percentages of Hard Dollars
ROI (Return-On-Investment) Review of Staff, Marketing, Products, Contractors
Monthly Budget Determinations
Debt Management and Elimination – Financing
Tax Optimization and Planning
Ongoing Consulting Growth Areas – Investments, Retirement Planning, Hiring, Expansion, Insurance, etc.
****Personal Financial Planning Included ($2,000 Value)****
Monthly Finance Meeting
Mid-Month Touch Base
Quarterly Planning Meeting
Annual Planning Meeting
Manage Relationships of 3rd Party Financial Professionals
Liaison between Bookkeeper / Accountant and Owner / CEO
Manage Tax Program Reporting i.e. Quickbooks