Illbooks
ACCOUNTING & BUSINESS CONSULTANCY
Fractional CFO
If you have hit the $1m+ revenue mark, or have a growth strategy in place to soar like an eagle then its time we chat.
What is it?
A fractional CFO is essentially a part-time Chief Financial Officer that businesses “rent” instead of hire full-time.
In real terms:
A fractional CFO:
Works a few days a month or week.
Focuses on financial strategy, not day-to-day bookkeeping.
Helps businesses grow, improve profitability and avoid nasty surprises (like surprise BAS bills or discovering the business model was held together by hope and caffeine).
Is ideal for small to medium businesses that need high-level financial expertise but don’t yet need or can’t justify a full-time CFO.
When does a business need one?
A business brings in a fractional CFO when things stop being simple and start getting serious.
It is that moment when cashflow becomes harder to predict than Melbourne weather and the owner realises spreadsheets are not a financial strategy.
A fractional CFO steps in with clarity and structure by analysing what is driving profit, building forecasts, improving cashflow and helping you make confident decisions about growth. Instead of paying for a full time executive, you access high level financial expertise only when you need it.
Does a fractional CFO replace my accountant?
No, we work alongside them. Your bookkeeper/accountant keeps your accounts accurate and up to date and manages compliance and lodgements. A fractional CFO focuses on the future of the business: cashflow, strategy, forecasting and financial decision-making. We turn your numbers into a plan, while your bookkeeper and accountant keep the financial engine running smoothly. Together, it forms a complete finance team without the cost of hiring full time roles.
What does a fractional cfo do?
Financial Governance
Understanding how your business is performing in real-time, amid a changing environment is critical. We prepare detailed budgets, re-forecasts and dynamic cash flow reporting.
Strategic commercial advice
We support your business through strategic commercial advice, structured monthly performance reviews, business analytics and attendance at board or management meetings.
Systems & Processes Optimisation
Through our detailed consulting and documentation process, we work with you to re-engineer your core processes and systems to reduce overheads and drive efficiencies.