A fractional CFO (Chief Financial Officer) works with a company on a part-time basis. Also known as a virtual CFO, they typically work with companies that are not yet ready to hire a full-time CFO or companies that only need help with specific financial tasks.
A fractional CFO can help with things like accounting, financial planning, and investor relations. When you hire a fractional CFO, they can provide valuable insight and guidance, and often work at a fraction of the cost of hiring a traditional CFO.
A virtual CFO is a professional who provides strategic financial consulting services to businesses, often remotely. Cloud Bookkeeping provides virtual CFO services as a consultant. This allows small businesses to have access to the same level of financial expertise as large businesses without having to hire a full-time CFO.