Many growing businesses reach a point where the bookkeeper is not enough, but a full-time CFO is too expensive. A fractional CFO fills that gap.
What is a fractional CFO?
A fractional CFO is an experienced chief financial officer who works for your business part-time, for a set number of days or hours each month. You get senior financial thinking at a fraction of the cost of a full-time hire.
What do they actually do?
- Manage cash flow and build forecasts, so you can see problems early
- Prepare budgets and track results against them
- Review the numbers each month and agree the key measures that matter for your business
- Advise on pricing, costs and profitability
- Support relationships with banks and investors
- Prepare reports for the board or shareholders
- Guide you through growth, fundraising or restructuring
What is the difference between a CFO and an accountant?
An accountant records and reports what has happened and files your returns. A CFO looks forward, helps you decide what to do next and makes sure the finance function supports the plan. Many businesses need both.
Does my business need one?
You may benefit if:
- You are growing and the numbers are harder to follow
- There is no senior finance person on your team
- You are preparing to raise funds, apply for bank finance or open a new branch
- You run several companies and want one clear view across them
- You make big decisions without being sure of the financial effect
How does it work?
Engagements are usually monthly. You agree a number of days or hours, a fixed fee and a rhythm of meetings. You can increase or reduce the time as your needs change.
How Moorgate Accounting does it
Our fractional CFO service is led by our founder, who is a working CFO. See Fractional CFO Service for the details, or book a free consultation.
Topics: fractional CFO Dubai · part time CFO UAE · outsourced CFO services UAE · CFO for small business