Fractional CFO and Controller Services

All businesses need to make informed decisions based on accurate and current financial data in order to be successful. In a number of instances, companies cannot afford to support full-time resources to offer the financial data and forecasting that a skilled CFO or Controller could provide.

It is common for businesses to hire a Fractional CFO to prepare financial statements, when in fact, what they need is a Fractional Controller to complete that task.

The difference in paying for a Fractional CFO vs Fractional Controller could affect your bottom line, so it’s best to know their roles and duties.

Fractional CFO Services (Include but is not limited to):

Providing financial projections, forecasts and budgets
Planning and implementing growth strategies
Focusing on key financial elements rather than the day-to-day accounting duties
Cash flow forecasting
Tracking key performance indicators
Credit management

Fractional Controller Services (Include but not limited to):

Producing monthly financial reports – balance sheet, profit & loss
Preparing budgets and financial plans
Setting up internal controls, policies and procedures
Cash management
Managing and training staff accountants and bookkeepers with best practices
Assistance with software system implementations and upgrades

As your company grows, so will your internal accounting department and financial goals for the business. The benefit of hiring a Fractional CFO or Controller is that you pay for a more economical and scalable solution. In order to understand your business, The Lixon Group will set up an initial consultation to assess the assistance your company requires.