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The fundamental difference between traditional and fractional CFOs lies in their employment structure. A traditional CFO is a dedicated, full-time manager within a single company, providing ongoing financial leadership and strategic direction. In contrast, a fractional CFO provides part-time or project-based services, offering high-level expertise without the cost of a full-time role.
Another significant difference is the cost. A traditional CFO's compensation, including salary, benefits, and bonuses, often exceeds $440,000 annually in large companies. Conversely, a fractional CFO typically charges hourly or retainer fees, providing flexibility and cost savings. This approach can cut costs by 30 to 40 percent compared to hiring a full-time employee.
The cost of hiring a fractional CFO can vary significantly based on the scope of services and the complexity of your financial situation. Here’s a breakdown of our pricing options:
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Monthly Retainer: Our monthly retainer pricing offers a predictable cost structure, allowing you to budget effectively while receiving continuous support. This option is ideal for businesses looking for ongoing finance and strategic management expertise.
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Case-by-Case Pricing: For specific projects or services, we provide pricing on a case-by-case basis. This ensures that you only pay for the services you need, whether it’s basic accounting, controller services, or virtual CFO support.
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Hourly Rates: If you prefer a more flexible arrangement, we also offer hourly rates for our fractional CFO services. This option is perfect for businesses that require intermittent support without a long-term commitment.
Why Choose a Fractional CFO from C-Suite Support?
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Diverse Industry Insights: With a diverse portfolio of industries served, we bring unique insights to the table, ensuring that you receive the most relevant and effective financial guidance.
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Access to Seasoned Professionals: Our C-Suite fractional team consists of experienced executives and accounting professionals who provide high-level financial and strategic guidance without the cost of a full-time hire.
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Tailored Solutions: We work closely with you to understand your business goals and challenges, allowing us to deliver customized solutions that drive growth and efficiency.
Join forces with C-Suite Support and discover how our fractional CFO services can make a real difference for your business. Contact us today to learn more about our pricing options and how we can help you achieve your financial goals.
Below we outline what to expect for our average service contracts:
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CFO
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Accounting to GAAP
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Key Performance Indicators (KPIs)
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3-Year Projection Model
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13-Week Cash Flow
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Bank Relationships
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Strategic initiatives
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6 scheduled meetings/mo
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Integrator/Director/L10 meetings
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Acquisitions/Mergers
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Succession Planning
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Controller
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GAAP Month-End Financials
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Closing Controls
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Reconciliations
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Cash Forecasting
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KPIs
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Reporting to 3rd parties
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2 scheduled meetings/mo
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Chart of Accounts Review
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Revenue recognition
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Sr. Accountant
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Quickbooks ProAdvisor
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Invoicing/Accounts Receivables
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Accounts Payable
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Payroll
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Scheduled meetings every month
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Email support when you need us
Additional CFO Pricing Estimates
Our C-Suite team consists of 2 on-staff certified Dream Managers who can take your company through the entire implementation process which is priced based on staff size and averages around $2,500/month for many of our clients.
Our team strongly supports the implementation of a business operating system for our clients as we see more efficient teams and inevitably more successful clients after adopting these systems. Our team can help guide weekly leadership meetings and can implement your business operating system as your coach for as little as $1,000 a month.