While some companies have the luxury of hiring a full-time CFO, the extensive responsibilities can often lead to overwhelm and stress. Our CFOs can provide the necessary support to your CFO on an individual basis or ‘à la carte’. Alleviating your CFO’s workload will allow them to focus on running your organization more effectively and implementing strategies that create value for the organization’s stakeholders.

For certain businesses, hiring a fractional CFO provides cost-effective access to high-level financial expertise and strategic insights without the expense of a full-time CFO. This flexibility allows businesses to enhance their finance staff, strengthen their department, and drive growth by providing timely and accurate information essential for effective decision-making. Our fractional CFOs can help oversee your internal accounting and finance staff, provide technical, tactical, and strategic guidance, and work closely with the CEOs and/or Board of Directors of your business organization.

Our service offerings include:

• Support to CFOs to help relieve their extensive duties and be a partner in solving key challenges.
• For organizations or businesses that cannot afford a full-time CFO, our team of fractional CFOs can offer oversight and deliver valuable insights to key decision-makers

Key roles of a CFO:

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1. Strategic Leadership: The CFO is responsible for the overall financial strategy of the company, aligning financial goals with long-term business objectives.
2. Executive Role:  are part of the executive team and report directly to the CEO and the board of directors.
3. Decision-Making: They make high-level financial decisions, including budgeting, forecasting, and investment strategies.
4. External Relations:  often interact with external stakeholders, such as investors, analysts, and regulatory bodies.
5. Broad Focus: Their role encompasses a wide range of financial activities, including mergers and acquisitions, risk management, and financial planning.
6. Advisory Role:  serve as key advisors to the CEO, providing insights on market conditions, competitive analysis, and strategic partnerships.

The controller oversees the company’s accounting operations, ensuring accurate financial reporting, compliance with regulations, and the implementation of internal controls. The accounting manager supervises the accounting staff, manages day-to-day accounting activities, and prepares financial statements. Together, they provide strategic financial insights and maintain the integrity of the company’s financial data.

Controller – General Roles:

1. Operational Focus: Controllers manage the day-to-day financial operations of the company, ensuring accurate financial records and compliance with accounting standards.
2. Reporting Role: They prepare and consolidate financial statements, manage audits, and ensure regulatory compliance.
3. Internal Controls: Controllers establish and maintain internal controls to safeguard company assets and ensure accurate financial reporting.
4. Team Supervision: They oversee the accounting department, including staff accountants and bookkeepers.
5. Detailed Analysis: Controllers focus on detailed financial analysis and reporting, providing data to support decision-making.
6. Support Role: They support the CFO by providing accurate financial data and ensuring the integrity of financial processes.

Accounting Manager – General Roles:

1. Accounts Payable and Receivable Management: Overseeing the processing of invoices, payments, and collections to ensure timely and accurate transactions.
2. Payroll Processing: Managing payroll operations to ensure employees are paid accurately and on time.
3. Bank Reconciliations: Performing monthly bank reconciliations to ensure the accuracy of financial records.
4. Expense Tracking: Monitoring and recording company expenses to maintain accurate financial records.
5. Month-End and Year-End Close: Managing the closing process, including journal entries and account reconciliations, to ensure accurate financial reporting.
6. Financial Data Entry: Ensuring accurate and timely entry of financial data into accounting systems.
7. Inventory Management: Overseeing inventory accounting and ensuring accurate tracking of inventory levels.
8. Fixed Asset Management: Maintaining records of fixed assets and managing depreciation schedules.
9. Internal Audits: Conducting internal audits to ensure compliance with accounting policies and procedures.
10. Vendor Management: Coordinating with vendors to resolve billing issues and maintain good relationships.
11. Financial Software Management: Implementing and optimizing accounting software to improve efficiency and accuracy.

Staff Training and Development: Training and mentoring accounting staff to ensure they are proficient in their roles and up-to-date with accounting practices.

For some companies, it may be more cost-effective to outsource their entire accounting and finance function. We have the capabilities to provide you with an expert finance team that can manage essentially all your finance department roles listed above. Our solution includes a fractional team of experts in multi-industry finance that, depending on the complexities and demands of your organization, may include a CFO, Controller, Accounting Manager, Tax Manager Bookkeeper(s).

Small and medium-sized businesses (SMBs) often require strategic tax advisory services to navigate complex tax regulations and optimize their tax positions. Effective tax planning can help SMBs minimize liabilities, maximize deductions, and ensure compliance with ever-changing tax laws. Additionally, strategic tax advisory can provide insights into tax-efficient business structures, potential tax credits, and incentives that can significantly impact the financial health and growth of the business. We offer cost-effective solutions to help you navigate the complexities of tax regulations and develop a strategic roadmap to guide you to success.

Position your organization to achieve its tactical and strategic goals that create value for all stakeholders: 

1. Financial Analysis and Reporting: We can deliver detailed financial reports and analyses to help you understand your company’s financial health and identify areas for improvement. 
2. Budgeting and Forecasting: Our team can assist in creating accurate budgets and forecasts, enabling better financial planning and resource allocation.
3. Cash Flow Management: We can help optimize your cash flow, ensuring that your business has the liquidity it needs to operate smoothly.
4. Cost Reduction Strategies: We can identify areas where costs can be reduced without compromising quality or efficiency.
5. Risk Management: Our team can assess potential financial risks and develop strategies to mitigate them.
6. Strategic Planning: We can support your CFO in developing and implementing long-term strategic plans that align with your business goals.
7. Compliance and Regulatory Guidance: We can ensure that your financial practices comply with relevant laws and regulations, reducing the risk of legal issues.
8. Performance Metrics and KPIs: We can establish and monitor key performance indicators (KPIs) to track your company’s performance and drive continuous improvement.
9. Strategic Tax Advisory Solutions: CPA’s, EA’s experts in taxation to help you meet compliance need and minimize your tax burden.

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In addition to the services summarized above and elsewhere on our site, we also offer the following key advisory services to meet the specific needs of your business enterprise:

• Business value calculations. Thinking of selling or buying a business?
• Due diligence services for buy/sell transactions.
• Advisory in business formation & restructuring.
• M&A advisory guidance (pre-sale & post-sale).
• Consultancy related agreed-up engagements (e.g., suspicion of business improprieties, review of documents in dispute cases, etc.)
• Annual audit preparation services of for-profit and non-profit entities, including entities that receive federal wards.
• Accounting systems & integrations oversight.
• Documentation of key financial policies and procedures.
• Business process analysis and documentation.
• Strategic taxation beyond the annual compliance.
• Client coaching, exit strategies.

Let’s discuss the specific service needs of your industry. Our multi-industry team is ready to partner with you to help achieve success in your enterprise.

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