Fractional Accounting Services
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.
How can a fractional accoutnant benefit your business?
There are a wide range of benefits that can be had by hiring a fractional accounting professional to join your business, depending on what your finance department needs.
Fractional accounting professionals 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 need assistance with their workload, but there isn’t enough work to justify hiring another 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 a fractional accountant is their ability to bring a fresh perspective to your organisation. If you wish, they are able to provide recommendations to improve current processes or suggestions that will help you to reach your financial goals. Book a free consultation with one of our team, to learn more about what fractional accounting services could bring to your organisation.
How Hire CFO 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 supply fractional finance professionals to SMEs across the world.
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.
Testimonials
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
Marek Rudzki, COO, Flagship Reporting
Paul Skikne, CEO, BRW Real Estate, Los Angeles
David Brooks, Managing Director, Forming Reality Group
Hilton Freund, CEO Twinning Project
Ravi Naik, CEO, SGS Consultants
Marc Eden, CEO Auto Concierge Limited
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Fractional Finance Directors: Frequently Asked Questions
What does a fractional accountant do?
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 such as:
- 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?
With Hire CFO, you can specify your requirements, then hand over to our talent acquisition team, who will match you with candidates that aren’t just suitable, but ideal for the hiring role. Book a free 30-minute call today to find out more.
What businesses can benefit from fractional accounting?
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 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 can source the ideal candidate for your business.
How much does a fractional accountant cost?
We supply candidates to match a wide salary range, depending upon how many days a month you require accounting services for. We can put you in touch with candidates willing to work as often as three days a week, to as little as 2 days per month, meaning we can work with just about any hiring budget.
What qualifications does a part-time accounting professional need?
Part-time accounting professionals 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 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.
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, whereas an accountant can typically fulfil all the duties that a bookkeeper role demands, the reverse is generally not true.
Hire for Related Fractional Finance Roles
If you feel you may need the services of a different fractional finance professional, we also represent experienced candidates for the following roles. Visit our other pages to see the other financial services roles that we supply.