In the past decade a new trend has been closing the gap between the large companies and small and medium enterprise (SME) helping them compete head-to-head without much disadvantage. This trend is hiring a fractional CFO.
Many small business owners choose to maintain their business accounts themselves. However, it's easy to make mistakes even with the best accounting software. CFO Masters explains ten common bookkeeping mistakes and stresses the need to hire a bookkeeper when maintaining the books gets too much for the business owner.
For many startups and small- to mid-sized companies, hiring a full-time CFO is out of reach. Yet understanding where your venture is in terms of financial strategy is key to facilitating growth. So what options do you have? The first is to hire a part-time, or fractional CFO. The second, to bring on an interim, or temporary CFO. So what’s the difference?
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