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What Is A Fractional CFO?

CFOs aren't just for big corporations and celebrity-backed startups. While your small business may not be ready to hire a full-time CFO, going without one could be a costly mistake. That's why fractional CFO services are being utilized by more and more business owners every day. Bookkeeping & CFO Solutions 5280, LLC is a Denver-based virtual accounting firm that proudly offers fractional CFO services for small and medium-sized businesses across all industries. Bringing years of experience and compliance expertise to every project, our CFO-level accounting professionals can provide tailored solutions and guidance for your business goal.

A fractional CFO is a part-time CFO dedicated to your company's long-term financial success. Fractional CFOs offer on-demand services based on the unique needs at your current stage of growth. If your business expands, you can increase the services you need from your part-time CFO. Fractional CFOs are ideal for all small businesses who need high level accounting expertise to reach their financial goals.

Fractional CFOs have the experience and credentials needed to navigate the complexities of running a business from the financial side. All fractional CFOs at Bookkeeping & CFO Solutions 5280, LLC are GAAP-compliant accountants who speak the language of lending and financial institutions. That means that they know how to navigate their way through communicating on your behalf when raising capital, managing debts, and handling core reporting duties. In addition, our CFO-level accountants have the expertise necessary to collaborate with your tax accountant when it's time to submit your books for tax season.

Why Do Businesses Hire Fractional CFOs?

There's a critical point during the growth curve of a small business where hiring a fractional CFO becomes essential.

fractional CFO services
Candice Marley, CFO

For business owners who choose to ignore the signs that it's time to bring in someone with an understanding of the complicated financial realities of growing a business, stagnation often occurs. However, businesses that recognize that it's time to bring in some fresh eyes enjoy the benefits of being guided by an experienced CFO without all of the baggage that comes from hiring a full-time CFO. CFOs bring a unique perspective to your business that may help you discover opportunities for raising capital, reducing costs, and optimizing your tax situation. They also help to increase accountability and compliance within your bookkeeping practices. Many business owners hire fractional CFOs because:

  • They are drowning without the knowledge and expertise of a CFO. However, they aren't in a place to hire a full-time CFO.

  • They want to optimize the way they run the financial side of their business without bringing in another management-level partner.

  • They are seeking monthly, quarterly, or sporadic services.

  • They want to make sure their books are properly prepared for tax season.

  • They want to enjoy the benefits of forecasting, financial modeling, and reporting that bigger companies enjoy.

  • They need help raising capital.

  • They need help with a special project that requires CFO-level guidance and expertise.

If you're running your business without the help of a CFO, there's a strong chance that you're missing out on opportunities for growth. Poor financial reporting creates confusion, lack of accountability, compliance issues, and many other headaches that ultimately leave you moving backward. Part-time CFOs from Bookkeeping & CFO Solutions 5280, LLC make sense of your complicated financial data to help you understand all of the core financial indicators in play within your operation.

Can Fractional CFOs Help Me Virtually?

Absolutely! Don't worry if you don't have a fancy office to welcome your part-time CFO after you book services through Bookkeeping & CFO Solutions 5280, LLC. We offer fully virtual bookkeeping services that can be scaled to meet your business exactly where it is. Yes, that means that you can work with a Denver-based CFO and accounting firm from anywhere. As a client, you also have complete freedom over how involved you'd like your part-time CFO to be in your business. Many of our clients are seeking ongoing services that allow a CFO-level accountant to be involved on a monthly basis. Others prefer to book assistance at key times throughout the year. With Bookkeeping & CFO Solutions 5280, LLC, you only pay for the services you need.

How Do I Get Started With a Fractional CFO?

There's no need to conduct a search, collect résumés, or meet with countless candidates. Bookkeeping & CFO Solutions 5280, LLC can connect you with an experienced, competent professional accountant with CFO qualifications. Once we identify your specific needs based on your goals, industry, and budget, our team will connect you with a CFO capable of performing the services that will fill in the gaps in your business plan. You'll be in full control when it comes to the tasks, duration, and intensity involved. Don't struggle for another day without the support of a CFO! Call 720-608-6240 to book a consultation to learn more about fractional CFO services from Bookkeeping & CFO Solutions 5280, LLC!

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