What is a Fractional CFO, and Why Are They Important?
Your small business or nonprofit does a lot with a little. You’re experts in making the most of your resources and budget. You know where to invest and where to cut corners.
But there is one corner you should never cut: a Chief Financial Officer.
No matter how large or small your organization is, you need a Chief Financial Officer (CFO). But if you don’t have the personnel or budget to hire one, you have another option: a fractional CFO near you with Good Steward Financial Company.
Good Steward Financial Company is a virtual bookkeeping, accounting, and fractional CFO company that specializes in small businesses and 501c3 nonprofit organizations.
We offer unique accounting solutions so that your organization can focus on making a difference instead of worrying about your finances. Our fractional CFO services are a key component of that mission.
What is a Fractional CFO?
A fractional CFO is a part-time alternative to a traditional CFO. Fractional CFOs provide premium financial advice, without the premium price tag (or extra costs like benefits or vacation time).
A fractional CFO minimizes risk while maximizing funds. They offer an objective outside perspective on your organization, and their professional help is the key to informed decision-making and long-term success.
Fractional CFO services include:
- A full overview of your business or nonprofit’s financial standing
- Expert financial advice
- Profitability and trend analysis
- Risk management and avoidance
- Actionable insights into your financial needs
- Assistance with cash flow management
- Tax strategies
- Representation to interact directly with bankers, attorneys, and insurance agents
- Short- and long-term financial planning
- Increased financial literacy for your entire organization
Most importantly, hiring a fractional CFO will give you peace of mind knowing that your finances are taken care of so that you can direct all your energy to achieve your mission: helping others.
Do You Need a Fractional CFO?
If you’re unsure whether your nonprofit or small business needs a fractional CFO, ask yourself the following questions:
- Are you unable to focus on your business or organization’s actions because of financial issues?
- Are you currently experiencing a financial crisis?
- Are you worried about potential financial crises in the future?
- Are you struggling to prepare a budget?
- Are you unsure how to interpret your business’ financial data?
- Are you having difficulty determining your organization’s short-term and long-term financial goals?
- Do you feel uncomfortable working with bankers, attorneys, or insurance agents?
- Are you unsure how to comply with government regulations in regard to finances?
- Do your employees need further financial training?
- Are you unable to afford a full-time CFO?
If you answered yes to any of the questions above, it’s time to look into fractional CFO services.
Fractional CFO Services with Good Steward Financial Company
If this article has you ready to Google “fractional CFO near me,” pause. There’s no need for an extensive search. Good Steward Financial is the best fractional CFO company on the market.
Our fractional CFOs have the expertise, drive, and genuine passion to take your small business or nonprofit organization to the next level.
As a Christian company, Good Steward Financial Company places a premium on Biblical values like service, hard work, and honesty. Our mission is to help you help people.
In addition to our superior fractional CFO services, Good Steward Financial Company also offers a broad range of services tailored to your small business or 501c3 nonprofit organization’s needs.
Our specialties include full-service bookkeeping and accounting, annual audit assistance, cash flow management, payroll processing, and QuickBooks services.
Don’t wait until you are in the middle of a financial crisis. Contact us today to learn more about how a fractional CFO can set your organization up for success.