A chief financial officer (CFO) is a senior executive who is responsible for managing the financial health of a business. They handle a variety of tasks, including cash flow management, financial planning, building a strong finance and accounting team, and consulting with leadership on strategy. Having a CFO on your team can bring a wealth of knowledge and experience to your business, and help ensure its financial success.

Yes, it is possible to afford an experienced CFO for your business! While it may seem like a daunting expense, the strategic guidance and support of a fractional CFO can be invaluable for scaling your company. Instead of wondering if you can afford a CFO, consider the cost to your business of not having one. A fractional CFO can provide forward-looking financial strategy and help you make informed decisions that can drive your business's growth and success.

It can be helpful to bring on a fractional CFO when you need critical forward planning and a deeper understanding of your business's financials. This may be especially relevant when your business is up and running with many moving parts, but you're not sure where to take it next. A fractional CFO can turn the data you have into actionable insights and help you make informed decisions about the direction of your business.

Hiring a fractional CFO is not just an expense - it's an investment that can pay for itself multiple times over. With the guidance and support of a chief financial officer, you can better understand the economics of your business and make strategic decisions that drive growth and success.

Without the direction and guidance of a CFO, your business may miss out on opportunities to properly price your products and services, effectively manage your inventory, and identify good and bad customers. There may also be hidden costs, such as the extra time and effort required to manage demanding clients. Without a CFO to delve into the details and analyze the financials, it can be difficult to identify areas where your business may be losing money or to understand its overall financial health. These issues can impact your bottom line and hinder your business's growth and success.

Our CFO service is designed to be scalable and tailored to the needs and budget of small and growing organizations. With the fractional CFO model, you can benefit from the extensive experience of a highly qualified CFO without the commitment of a full-time hire. Our average engagement with clients is one half or one full day per week.

There are many highly experienced CFOs who are baby boomers and looking to continue working in a flexible capacity. This provides a unique opportunity for small and mid-sized businesses to tap into their knowledge and expertise. From the CFO's perspective, they can enjoy the intellectual challenge of working with multiple businesses, making an impact in their community, and having more control over their work schedule. It's a win-win relationship for both parties.

Our services focus on strategic decision-making and planning with a goal of maximizing internal cash flow from operations. Some of the specific services we offer include:

• Business planning

• Building a strong business foundation

• Maximizing cash flow

• Assessing operational efficiency

• Improving internal accounting

• Managing the revenue and sales pipeline

All of our services are scalable and can be customized to meet the specific needs of your business.

While your bookkeeper and accountant play important roles in the financial health of your company, they may not provide the forward-looking strategy and actionable insights that a CFO can offer. Accountants often focus on the past year and only provide detailed information for tax purposes, rather than giving you the tools to make informed decisions about your business. A bookkeeper records transactions and may assist with invoicing and payroll, but they may not provide the strategic guidance you need to move your business forward.

Fractional CFO services can provide the expert analysis and planning you need to make informed decisions and drive your business's success. Consider adding a CFO to your team to take your financial planning and strategy to the next level.

Austin Fractional CFO is not a certified public accounting firm. While CPAs may focus on preparing and filing tax returns and providing detailed information for tax purposes, a CFO provides actionable, forward-looking financial strategy and guidance.

At Austin Fractional CFO, we understand the importance of having a thorough understanding of your business in order to make the biggest impact on its future growth. Our CFO services are designed to engage all key stakeholders involved in your company's financial operations and provide expert analysis and planning to help drive success.

Yes, you can continue working with your CPA firm even if you hire a fractional CFO from us. Our CFOs are designed to support and provide leadership for both internal (such as your bookkeeper, accountant, and controller) and external stakeholders (like your CPA firm and banks).

Working as a team with people who can offer expertise in various business areas is essential for success. In fact, our clients' finance teams often welcome the addition of our CFOs because it allows them to be more productive and efficient. Our CFOs can help them "work smarter," rather than harder.