Who is this for?

  • Start up companies

  • Small Business Owners

  • Entrepreneurs

Keep reading if you are…

  • Looking for how to add financial expertise to your company (Accounting, Financial and Strategic)

  • Information on what Fractional Controllers are and their value

  • Looking to build your company’s finance team

TLDR: Fractional controllers can bring financial expertise in accurate financial reporting, financial optimization and strategic guidance. They can achieve all this while working for you on a part time or on a project basis.

Key Factors for Fractional Controller

There are a few key factors to consider when determining the right time to hire a Fractional Controller for your business. Here are a few situations where it may be beneficial to bring on a Fractional Controller:

  1. Growth: As your business grows, the financial and operational tasks required to manage your business can become increasingly complex. A Fractional Controller can help you manage this growth and ensure that your financial systems and processes are scaled and streamlined to support your business goals.

  2. Lack of internal expertise: If you don’t have an in-house finance professional or your current staff lack the expertise to handle the financial aspects of your business, it may be beneficial to hire a Fractional Controller to fill this gap.

  3. Limited resources: If you’re a small business with limited resources and can’t afford to hire a full-time Controller, a Fractional Controller can provide you with the financial support you need without the added expense of a full-time employee.

  4. Special projects: Fractional Controllers are also great resources for special projects such as implementing new accounting software, creating financial reports, and budgeting.

  5. Seasonal or cyclical business: For businesses that have seasonal or cyclical fluctuations, a Fractional Controller can provide support during the busy times and can be scaled back during the slower periods.

  6. Compliance and regulatory requirements: A Fractional Controller can help ensure that your business is compliant with all relevant financial regulations and reporting requirements.

  7. Finance Team Growth: If you currently have an in-house bookkeeper or young/inexperienced finance team, Fractional Controller can help provide training and knowledge to the finance team to enable them to grow and expand their abilities.

It’s important to note that the Fractional Controller can work on a part-time or project basis, this allows small and growing businesses to access the expertise and experience of a senior financial professional without the cost of a full-time employee. This is a cost-effective way to get the support you need to grow and manage your business.

Why does Purpose CPA fit into this?

At Purpose CPA we have CPA’s with a diverse set of experience including senior management roles in apparel to real estate development to technology, footwear and healthcare. We are passionate about helping small businesses grow by providing our expertise, business savvy and our love of numbers.

If you believe you are ready for a fractional controller or simply want to have a discussion with us feel free to reach out to us!