Lang’s CFO Service
Lang Accounting and Tax Solutions offers CFO services specifically tailored to your small business. We understand the complex landscape of cash management and use our financial expertise and strategic planning to guide your business through financial challenges. As a small business owner, you may not have the luxury of hiring an in-house chief financial officer.
Unless you own a large business or have multiple companies, chances are you’re not at a level where you need a full time CFO. Small businesses benefit greatly from part time CFO help. That’s why outsourced CFO services are essential for small businesses.
Our fractional CFO services provide you with experienced financial professionals to help ensure your business’s longevity. Experienced CFO services are more cost-effective, you pay only for the services you need, when you need them.
Fractional CFO Services We Offer
Financial Management
Optimize your finances with expert guidance every step of the way.
Cash Forecasting
Stay ahead with precise projections of your cash flow.
Custom Growth Plan
Tailor-made strategies to scale your business to new heights.
Regular Reporting
Keep your business on track with insightful analytics and detailed reports.
Are you a small to medium-sized business owner facing financial challenges, but can’t seem to justify hiring a full-time CFO? Consider hiring a fraction CFO.
A fractional CFO provides you with strategic financial planning and expertise without the commitment and cost of hiring a permanent hire. If you’re in immediate need of help with cash flow, and financial management, it’s beneficial to hire a fractional CFO to address financial challenges for your business.
The fractional CFO team at Lang Accounting and Tax Solutions is ready to walk you through everything you need to know about how hiring a CFO can help your business operations and success.
The great thing about hiring a fractional CFO is that they provide financial leadership and guidance to your company or business, on a part-time or as-needed basis. They’re able to handle the cash flow management, financial planning, financial reporting, and other financial duties, without needing you to commit to them full-time.
This is incredibly helpful for small to medium-sized businesses that need CFO-level support but can’t justify a permanent position.
- Strategic financial planning
- Cash flow analysis and management
- Budgeting and forecasting
- Financial reporting and compliance
- Analyzing financial performance
- Assessing and reducing financial risks
- Obtaining financing
- Implementing financial systems and controls
Pricing for a fractional CFO depends on various factors such as the location of your business, their services, and the specific needs of your business. These fees can be determined on an individual basis, or as a flat rate, depending on the company.
Rates are also often billed monthly or per project. Regardless of the structure of the CFO company or the circumstances of your business, it typically does cost less to hire a fractional CFO than hiring a full-time employee because the CFO splits their time across multiple businesses.
While looking for CFO services, you may have seen the terms “virtual CFO” and “fractional CFO” floating around. In simple terms, a virtual CFO is a business that operates 100% remote. A fractional CFO may work in person periodically throughout the month, or may also offer virtual or remote services as well. Both instances can be beneficial, depending on the needs and operations of your business.
If you find yourself struggling to manage cash flow, unable to compile accurate reporting, or struggling with your business’s financial health – it’s time to hire a fractional CFO. They can help address financial challenges by offering their financial expertise.
An interim CFO or fractional CFO operates depending on your business’s needs. Many will work off-site, meeting with you weekly or monthly, walking you through reports, and helping you better understand the current state of your business’s financial health and a plan for how to navigate it. A fractional CFO is available for phone and email consultations, as well as virtual or in-person meetings.
A traditional full-time CFO works for one company exclusively. A fractional CFO works for multiple companies at once on a part-time basis. That way, many businesses are able to receive expertise and strategic guidance without needing to put someone on permanent payroll. Fractional CFOs provide greater flexibility and lower costs.
While an accountant handles bookkeeping, financial reporting, and compliance, a fractional CFO plays a more strategic role. They offer high-level expertise in areas like cash flow analysis, financial planning, obtaining financing, forecasting, and assessing financial risks. A fractional CFO is focused on the company’s big-picture financial health.
At Lang, we offer both fractional CFO and tax and accounting services.
Yes, a fractional chief financial officer is worth it, especially for those who don’t have the means or space to hire a full-time employee. As one of the best fractional CFO companies, Lang Accounting and Tax Services provides next-level CFO services, both locally in Sioux Falls, SD, and the surrounding area, as well as remotely.
We’re a team of financial professionals looking to help businesses grow and overcome the financial challenges they currently face. If you’re a business owner struggling to manage your company’s financial future, contact us below to see how we can help.