Fractional CFO Services
If your business is making so much progress then perhaps it’s time to hire someone to manage your finances and accounting. If you’re not yet ready to employ a full-time Chief Financial Officer (CFO), you can employ a fractional CFO instead. A fractional CFO for startups is someone who helps businesses on a part-time, retainer or contract basis.
The main functions of a fractional CFO are:
- To manage the business finances and the accounting
- To monitor the business projections and the budget
- To implement and manage the systems of the company
Some of the things fractional CFOs does is collaborate with companies to help them scale by helping to devise plans and strategies on how to raise capital and manage finances. The CFO will help to simplify accounting terms and languages that the rest of the company can use to make plans and important decisions. Such examples include making certain investments or spending a certain amount of money.
A full-time CFO is someone who controls and manages all the finances and accounting of a company whereas an interim CFO is someone who works for a company on a project basis. In either situation, the CFO has a responsibility to solve the company’s financial challenges. This allows the company to enjoy the benefits of having a CFO without having to pay the cost of retaining a full-time CFO.
Our Fractional CFO services in Vancouver include:
- Budget Development and Strategic Forecasting
- Reporting for Stakeholders
- Compliance Management (Tax Filing, Agreement Renewals)
- Financial Statement Analysis (Income, Balance Sheet, Cash Flow)
- Cash Flow Optimization for Expenditures
- Coordination of Financial Audits and External Reporting
- Advanced Financial Modelling
- Profitability and Opportunity Analysis
- Cash Flow Advisory Services
- Debt and Equity Financing Strategies
- Financial Reporting Controls Implementation
- Accounting Software Integration and Upgrade
Why Choose Pivot Advantage Accounting and Advisory Inc. For Fractional CFO Services?
- We help with your bookkeeping and managing everything about your company’s accounting.
- We help to forecast the cash, revenue, expenses and profits of your business.
- We help to plan your annual budget.
- We come up with strategic plans to manage finances and to improve your accounting.
- We provide feedback for negotiating debt.
- We help to keep a good relationship with funding sources such as banks and lenders.
We are dedicated in providing timely tax accounting services with positive results whilst adapting with the times to offer our clients innovative online solutions.
Methods of Choosing A Fractional CFO
Look for a professional in the industry
There are various aspects of your business that require the attention of an experienced accountant. Accounting is a very important part of your business and it can be financially challenging. You'll need a fractional CFO to guide you through all journey.
Talk to fractional CFOs
Check out how they operate: Has the accountant been a CFO before? Does the accountant have experience working with a business at your business stage? Does the accountant listen and work with you to understand your business better?
Attend workshops
This gives you the chance to learn more about the value the fractional CFOs can add to your business before hiring one.
Ask for referrals
You can ask for referrals from other companies and ask about which fractional CFO services worked out best for them.
Benefits Of Working With Us
- We help you with bookkeeping and managing your accounts.
- We help you with forecasting cash flow and we take away the complexities involved.
- We help you to enter a new market confidently and establish yourself.
- We help you collaborate with new equity partners.
- We help you to merge successfully with another businesses and we take care of all the financial aspects.
What others say
About Us
I really appreciate Raymond taking his time to answer all my questions. He was knowledgeable and patience in explaining things. I would highly recommend Raymond to anyone who is looking for an accountant.
Margaret2024-03-28Many thanks to Raymond who took the time to explain the accounting intricacies of our situation. He was knowledgeable, helpful, patient and prompt in his responses. We will use you in the future and recommend you to our friends and family!
jenny webb2024-03-28Raymond is very knowledgable and provides excellent and clear advice. We really appreciate that he took the time to provide a consultation during the very busy tax season. We look forward to working with him again.
Amr Amin2024-03-22Raymond was very informative and helpful right from our first engagement. Our envisioned company setup is complex and he provided detailed information spanning both domestic and international related aspects. Most helpful insights came from areas where 'we don't know what we don't know'; going beyond our questions and showing us what additional important items to consider and factor in. Look forward to continued engagements and highly recommended.
Francis Pun2024-03-10Raymond is a very professional accountant who knows his stuff inside and out. Apart from his professionalism, I am impressed by how he was able to explain complex issues in easy-to-digest manner, giving advice which is right to the point. He is also very patient and pack every minute within the consultation with information and advice. Highly recommended!
Desmond Leung2024-03-07Raymond has a strong and solid knowledge on Canada Tax, he helps me to address my tax concern before I leave Hong Kong for Canada. Highly recommend ...
Andy Yeung2024-01-14Raymond 解釋得非常詳細！非常專業! 100%推介！👍🏻👍🏻
Kengi Wong2024-01-08Raymond is professional and patience, and provide practical advices and solutions to clients. The most important thing is he also familiar with tax system in HK.
Scholastica Tsoi2023-12-19First, they gather a lot of information to understand the operation of my company, then, they integrate all the departments (sales, operations and accounting). Thank you very much for helping. Strongly recommended!
Fotowonderlust T2023-12-13Raymond is able to answer my tax questions in different areas, very professional and patient. Recommend!
Winnie K2023-11-16