Duties of a Fractional Controller

In today’s business landscape, financial leadership is crucial for success. However, not all businesses—especially startups and small to mid-sized enterprises—have the resources to hire a full-time financial controller. This is where a fractional controller comes in. But what exactly does a fractional controller do, and what are their key duties?

A fractional controller is a skilled financial professional who works part-time or on a contract. This flexible arrangement lets businesses get expert financial help and scale while avoiding employment obligations such as increasing salary demands, health insurance, and payroll taxes.

What are some of the key duties of a fractional controller?

• Financial Oversight & Reporting: Accurate financial reporting, overseeing accounting practices, and generating timely financial statements to help owners make the best-informed decisions.

• Budgeting and Forecasting: Creating budgets and financial projections to establish a financial plan.

• Cash Flow Management: Monitoring the inflows and outflows of cash to ensure stability and identify any risks before they become critical issues.

• Compliance: Keeping up with tax regulations, financial reporting standards, and compliance obligations.

• Process Improvement and Efficiency: Constantly reviewing current financial processes for better financial management and cost savings.

A fractional controller is a smart investment whether your company is in its early stages, scaling up, or navigating financial complexities. Their guidance and expertise can ensure long-term success.

Are you considering hiring a fractional controller? Assess your financial needs and explore how this flexible financial solution can support your business growth!

Contact JMP CPA for fractional controller services