BARRY FINANCIAL SERVICES, LLC

WHAT IS A FRACTIONAL CFO?

A fractional CFO is an experienced CFO who provides services for organizations in a part-time, retainer, or contract arrangement. This offers a company the experience and expertise of a high-end CFO without the in-house cost—salary, benefits, and bonuses—of a full-time CFO.

WHAT DO SMALL BUSINESSES NEED?

A part time CFO performs all the same functions as a full time CFO.

These include:

• Managing routine bookkeeping and month-end accounting

• Forecasting cash, revenue, expenses and profit

• Working with external CPAs on annual financial compilation, review, or audit and quarterly and annual tax filings

• Annual budgeting

• Monthly budget vs. actual analysis

• Managing cash flows

• Strategizing with management and providing financial expertise

• Negotiating debt arrangements

• Maintaining relationships with banks, lenders, and investors

• Implementing systems that will support sustainable growth

• Performing due diligence and valuation on business acquisitions

WHEN TO HIRE

There are many situations in which a small business would benefit from utilizing professional financial strategy.

These include:

• You are too busy to manage bookkeeping and accounting.

• Forecasting has become too complex or too stressful.

• You are pivoting your business plan and results are yet uncertain.

• You are bringing on new equity partners.

• You are raising outside equity capital, or you just closed an investment round and need to manage cash smartly.

• Growth is limited by cash tied up in inventory or receivables.

• You want to obtain new debt or refinance old debt.

• You are thinking about merging or acquiring another business.

• There are many more reasons for a company to need fractional CFO services, so it’s best to discuss your specific challenges with an advisor, your board of directors, or a finance professional.