Fractional Accounting is the New Trend for Startups
![Cropped shot of diverse coworkers working together in boardroom, 头脑风暴, discussing and analyzing business strategy.](http://philboardport.com/wp-content/uploads/2020/08/Fractional-Accounting-is-the-New-Trend-for-Startups-768x262.jpg)
For a growth-focused startup business, management is often stretched to cover a variety of tasks, to fill several roles and to create the foundation for your corporate vision.
But the looming, ever-present question is always, “What can we afford?” The answer often doesn’t include a 金融 Team.
诚实, most startups don’t need a full 金融 Team – hiring a CFO, 控制器, and Accountants too early can be a catastrophic burden to payroll.
最重要的是, the ad hoc needs of a startup are often sporadic and require a variety of financial specialties.
Whether you’re wading through bookkeeping yourself or plan to utilize a bookkeeper, you’re still working through complex financial decisions without experienced help.
Enter the Fractional Accounting Team.
What is fractional accounting?
Fractional accounting is a customizable expansion of outsourced bookkeeping where you pay for the services of experienced 金融 professionals with flexible hours to match the needs and budget of your company.
在他的博客中,Why You Should Consider Hiring a Fractional CFO,” Paul Bianco, Founder & Graphite首席执行官, makes a solid case for the cost-effectiveness and ROI of a fractional accounting team.
仍然, his overview only scratches the surface of the potential rewards of developing a relationship with fractional accounting.
Fractional Accounting is So Much More Than a CFO
An experienced CFO lies at the head of your fractional accounting team — to help evaluate where your company stands financially while working with you, 作为领导, to make sure that your company has the financial foundation to support the strategic goals and next steps for growth.
But a significant reward comes in the arsenal of additional resources they have access to.
- 进一步了解我们的 Emerging Growth services
With Bridgepoint’s Emerging Growth Services, Your CFO Can Bring in the Following 临时的角色
- A 控制器 or Accounting Manager to oversee your accounting functions, 协助审核, document procedural improvements, and advise on special GAAP topics (like revenue recognition).
- 《盈禾体育》&A Analyst can work with you and your team to create more accurate forecasts and budgets, to create investor materials for presentation, or to help with specific project projections.
- Risk Analysts can evaluate your system integrity and make recommendations to keep you compliant and secure as your company expands.
- Systems Specialists – like our NetSuite team – can create customized implementation plans for software integration and transition.
- Connections with our network of clients and trusted service providers that allow us to make valuable recommendations for services that we don’t provide ourselves.
通过分数, you’re giving your startup the advantage of an insightful 金融 team with individual strengths that allow for your accounting needs to be met with speed and accuracy.
A fractional team doesn’t just take the accounting work off your plate — they become a dedicated part of your company’s mission and work to add value to revenue generation, investor relationships and administrative processes.
Need Fractional 金融 & 会计支持?
Bridgepoint Consulting can help clients create value, 管理风险, and seize growth opportunities. Our team of consultants is ready to support you with advisory services — including 金融 and 技术 support, operational improvement, and ERP implementation and systems integration.
By 卢卡斯·沃尔特斯
卢卡斯·沃尔特斯 is Managing Director of Bridgepoint’s Financial Consulting practice. He provides financial and operational leadership expertise (CFO services) to Bridgepoint clients, and has extensive experience across multiple executive-level functions, 包括会计, 金融, HR, IT and facility management.