Prospective ConsultingWhat is fractional accounting?
Fractional accounting services are a type of professional accounting service that provides part-time or project-based assistance to businesses with their financial needs.
What’s the difference between an accountant and a bookkeeper?
Bookkeepers allocate expenses to expense accounts and can reconcile bank accounts. Accountants maintain GAAP compliance and provide insight and analysis of that data and generate accounting reports for companies.
Our history:
We have partnered with over 14 companies, across many different industries, since 2022. We have been able increase companies efficiency, create accurate reporting, and improve on processes which reduced overall expense for our clients.
What we offer:
We offer services from the CFO down to the bookkeeper level on a part time basis. You will get the experience from top preforming professionals at a part time rate. We offer a complete accounting partner to small business owners.
Learn about our services
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Fractional Accounting and CFO services can cost on average 80% less when compared to having an inhouse accounting team.
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We will do a study on your current management structure and style and then provide recommendations to your team to make improvements and increase efficiency.
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We have partnered with a firm based in Silicon Valley to assist you in all your hiring needs.
Setup Phase
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Setup phase can take a matter of days to a few weeks depending on your company's scale and specific needs.
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For new companies, we will set up all the needed systems for your company as well as bringing in your historical transactions up to date.
For existing companies, we will look at your historic general ledger and adjust any incorrect entries as well as bring your financials up to date.
Maintenance Phase
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We like to build long term relationships with each of our clients. This phase consists of maintaining your financials, closing the books each month, and reporting your financials to you and your stakeholders.
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Maintenance is taking care of your financials on an ongoing basis. We will enter all your transactions, prepare monthly financials, and keep your books in accordance to GAAP standards.
Project Based
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Special projects are shorter term contracts or additional service you can add on later.
This can range from a short term look into your financials for recommendations, or can be as large as helping you set up your financials for an M&A deal.
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We will take a look into your financials and ERP system for no cost and develop a scope of work. Once this is done we will send you the scope of work and an estimated cost per project.
Compare costs.
Traditional in house accounting teams can cost between $200k and $400k a year.
Having a tax specialist recreate your books can cost thousands of dollars once a year, without you having any insights into how your business is operating month to month.
Fractional accounting allows small to medium sized businesses the benefit of a low monthly cost, while having access to monthly financials as well as having a dedicated team from the CFO level down, on a part time basis.