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Fractional Accounting Services

Fractional Accounting Services
Although almost all businesses require accounting services, not every organisation needs the services of a full-time accountant. Fractional accounting professionals offer in-house support for your finance department on a part-time basis, making them a cost-effective and efficient solution. Speak to a member of the Hire CFO team today about our fractional accounting services. We can put you in touch with qualified candidates with vast industry experience.

Contact us today to streamline your finances and drive growth with expert CFO accounting services.

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The Role and Responsibilities of a Fractional Accounting Professional

Fractional accountants and finance professionals are able to take on all the duties of a full-time employee, while working from as little as two days a month, or up to three days per week. Our candidates are on-hand to help with essential accounting tasks, including but not limited to:

  • Invoicing clients, monitoring payments, and flagging delinquent accounts
  • Managing payroll
  • Paying suppliers and subcontractors
  • Advising or supporting your existing accounting team
  • Analysis and generating financial reports
  • Advising on relevant tax matters, such as VAT and Corporation Tax

Many of our fractional accounting candidates have expertise in senior positions, so if you have specific task requirements, we can supply candidates to meet those needs. Continue reading to see how our fractional accounting and fractional booking services can benefit your business.

How Can a Fractional Accountant Benefit Your Business?

There are a wide range of benefits that can be had by choosing our fractional finance services. We can source experienced professionals to compliment your existing finance department.

Fractional accounting services can provide valuable interim support if an existing team member is on a long leave of absence (like maternity or long-term sickness). They can also be a great solution if your current team needs assistance with their workload, but there isn’t enough work to justify hiring a full-time employee. Our fractional finance candidates are experienced at adapting to existing teams, and building great working relationships with their colleagues.

Another benefit of our CFO accounting services is that the professionals we have have the ability to bring a fresh perspective to your organisation. As a leading fractional accounting firm, we provide candidates that are able to provide recommendations to improve current processes or suggestions that will help you to reach your financial goals. Book a free consultation to learn more about what fractional accounting services could bring to your organisation.

Fractional accounting

How We Connect Businesses With Their Ideal Candidate

With over 30 years of experience in the financial sector and a wide network of qualified candidates, the team at Hire CFO are on-hand to connect you with the right person for your business. Using our specialised approach to recruitment and our detailed 30-point hiring plan, we provide fractional accounting and fractional booking services to SMEs across the world.
Click below to learn more about us and why we are one of the leading fractional accounting firms.

Speak to one of our hiring specialists today, or visit our site to learn more about us, and why we’re so passionate about what we do.

Searle Goott CA (SA) and his global exceptional network of CFO’s at Hire CFO are the answer to most people’s prayers. I love throwing hard to deal with requests, and he always surprises me with the right person for the job at the right moment. This is a masterful platform for rapidly scaling businesses.

Julie Meyer, Chairman and CEO, VIVA Investment Partners

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Contact Hire CFO Today

Discover the benefits of fractional accounting with Hire CFO. Our experienced fractional accountants deliver tailored CFO accounting services and fractional bookkeeping services designed to optimise your finances and support sustainable growth. Book a consultation or submit an online enquiry today to see how our team can provide the expertise your business needs.

Fractional Accounting Services: Frequently Asked Questions

What does a fractional accountant do?

A fractional accountant carries out the duties of an accountant, but on a part-time basis. Many businesses seek fractional accounting and fractional bookkeeping services as they typically would like to invest in an in-house accountant, but do not need this to be a full-time position. Fractional accounting services can be an excellent solution for start-ups and small businesses. They can also support a larger company’s existing finance team a few days per month.

A fractional accountant will have all the necessary qualifications and experience of a full-time accountant, meaning they can assist a business with financial processes including but not limited to:

  • Invoicing clients and monitoring accounts
  • Paying suppliers and other business expenses
  • Payroll management
  • Providing financial reports to directors
  • Overseeing budgets for the financial year
  • Advising the business on tax matters, such as VAT and corporation tax

How can I hire a part-time accountant?

While there are many ways to source candidates for a part-time accounting role, the quickest and most effective method is to use a specialist recruitment firm like Hire CFO. We specialise in CFO Accounting Services, and have an existing network of candidates seeking part-time work. All our candidates possess senior accountant-level qualifications and experience.

With Hire CFO, you can specify your requirements, then hand over to our talent acquisition team, who will match you with candidates that are not only suitable, but ideal for the hiring role. Book a free 30-minute call today for more information on our fractional bookkeeping services.

What businesses can benefit from fractional accounting services?

Accounting services are a requirement for all businesses, from start-ups to non-profits. However, for small-to-medium businesses that don’t require a full-time accountant, or businesses with existing finance departments who need somebody to support the team, fractional accounting or cfo accounting services can be a cost-effective way to bridge the gap.

Fractional accountants provide the personal, bespoke service of an in-house accountant, without the need to budget for a full-time salary when it may not be necessary. Fractional accountants can be sourced to work within every sector, from retail and hospitality, to STEM and manufacturing. Hire CFO will listen to your needs and source the ideal person for your business.

How much does a fractional accountant cost?

As a reputable fractional accounting firm, at Hire CFO we supply candidates to match a wide salary range. However, the cost of our CFO accounting services will depend upon how many days they will work. We can put you in touch with candidates willing to work as often as 3 days a week, to as little as 2 days per month, meaning we can work with almost any hiring budget.

What qualifications does a part-time accounting professional need?

Part-time accounting professionals are required to possess the same minimum qualifications as their full-time equivalents. Therefore, fractional senior accountants must have a bachelor’s degree (or equivalent) in accounting or finance before we will accept them into our network.

While a bachelor’s degree is the only essential qualification that Hire CFO candidates must carry for fractional accounting positions, many of our candidates have additional qualifications, as well as several years of relevant experience. We only represent and recommend finance professionals at the top of their game, which is why so many of our clients choose us to provide them with fractional accounting services over non-specialised recruiting firms.

What’s the difference between an accountant and a bookkeeper?

The key difference between an accountant and a bookkeeper is in the financial tasks they are able to undertake. Although bookkeeping is a necessary component of day-to-day accounting, which mainly consists of monitoring, recording, and reporting on business transactions, a qualified accountant can also advise on matters relating to tax, legal compliance, and financial strategy. We offer both accounting and fractional bookkeeping services.

Whereas an accountant must typically possess a 4-year bachelor’s degree (or equivalent), bookkeeping requires no formal qualifications (though relevant qualifications are available, and would likely benefit the bookkeeper’s practice). Therefore, although an accountant is able to typically fulfil all the duties that a bookkeeper role demands, the reverse is generally not true.

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Hire for Related Fractional Finance Roles

In addition to offering Fractional Accounting Services, at Hire CFO we provide a range of roles for companies looking to hire accounting professionals. Some of the roles we offer include: