Fractional CFO support provides an agreed share of finance-leadership capacity for a business needing regular strategic financial review.
Understanding Fractional CFO
When to consider this service
Founders, management teams and finance leaders who need a defined finance review or decision-support workstream can use this service to clarify a particular issue. A useful starting question is: “How does fractional CFO support differ from bookkeeping?” Begin with the facts behind that question rather than assuming that a standard package will resolve it.
Scope of work
The engagement can cover the following workstreams. The proposal specifies which apply to your matter and what evidence or specialist input is needed.
- Set management reporting and review cadence.
- Develop forecasts and financial decision support.
- Coordinate finance priorities and accountable actions.
Documents and information to prepare
Start with the records below where available. They help establish the facts before a more specific checklist is agreed.
- Management accounts.
- Budgets.
- Cash forecasts.
- Strategic plans.
Provide the relevant entity, transaction or reporting period and any existing notice or deadline. Identify missing or inconsistent records so they can be addressed explicitly.
A key issue to resolve
The available capacity and responsibilities should be explicit; fractional support does not automatically cover every bookkeeping task.
How the engagement works
- Define the question: set management reporting and review cadence, using the available management accounts and the facts you provide.
- Examine the evidence: develop forecasts and financial decision support. Record unresolved information and the assumptions that affect the analysis.
- Agree the action: coordinate finance priorities and accountable actions. Set the required deliverables, responsible owners and any follow-up or external dependency.
Deliverables, fees and timing
The proposal for Fractional CFO sets out the analysis, documentation or coordination deliverables and the work you retain. The availability of management accounts, budgets, cash forecasts and strategic plans affects readiness and the amount of follow-up needed. Fees and the working schedule are agreed after that initial assessment. Any required independent report, legal representation or authority application is identified as a separate responsibility where relevant.
Discuss your requirement
Share a short summary of your Fractional CFO requirement and the records already available. BIATConsultant can assess the proposed scope and explain the next steps.
FAQ
Practical questions about Fractional CFO.
How does fractional CFO support differ from bookkeeping?
The available capacity and responsibilities should be explicit; fractional support does not automatically cover every bookkeeping task.
What records should I prepare for Fractional CFO?
What can the scope of Fractional CFO include?
How are fees and the schedule agreed?