A fractional CFO is a cost effective, part time CFO. Companies can utilize finance and accounting services without the commitment of a full-time hire. A fractional CFO performs all the same functions as a full time CFO. These include services such as: month-end accounting, cash flow, annual budgeting, strategizing with the executive team, monthly budget vs. actual analysis, working with CPAs on annual taxes, and much more.
It’s important for businesses to use forecasting methods and models to reach goals and avoid pitfalls. Smart financial forecasting for strategic growth will help a company: measure progress towards goals, set expectations for management, time spending to maximize profitability, and plan cash flow fluctuations. Companies should also review budgets verse actuals on a monthly basis to analyze progress, understand variances, and measure goals.
A lot of start-up founders have a great idea, but lack financial guidance. Founders need help projecting sales and profitability, creating pro-forma financial statements, calculating CAC and LTV metrics, and calculating a valuation. We can help start-ups build: pro-forma financial statements, business plan development, pitch deck development, and bootstrap cash planning.
