Top Ranked
Fractional CFOs

Why These
Fractional CFOs?

Last Updated January, 04, 2021

Wimgo uses a multi-phase selection process beginning with a holistic review by our data team to check any red flags or unresolved complaints. It then selects its curated list using its expert review team on five main criteria listed below, assigning them numerical values. Finally, it selected the top 19 Fractional CFOs for Los Angeles, ca.


Reputation

Analysis of all reviews across verifiable platforms to determine overall sentiment.

Expertise

Team experience and knowledge, along with number of years in business.

Service Quality

The quality of service delivered measured by quality, speed, and value.

Consistency

Rate at which the business consistently produce high quality outcomes.

Customer Service

Reputation and quality of customer experience departments.

Top Fractional CFOs in Los Angeles - 2020

Fractal CFO

Fractal CFO is the only network of the nation’s top finance executives exclusively dedicated to providing part-time CFO services across the country. When you work with Fractal CFO, they will ensure your specific objective in mind such as growing the company’s revenue, optimizing profitability and managing risk, or raising capital they will effectively accomplish your goals.

Reputation
5/5
Expertise
5/5
Service Quality
5/5
Consistency
5/5
Customer Service
5/5
5
out of 5
5/5 | 8 Reviews

MYBLAccounting

MYBL Accounting Services is a prestigious accounting firm located in Santa Clarita. In more than a decade of its existence, MYBL has developed a strong reputation for creative tax & accounting solutions, integrity, know-how, and individualized attention, clients expect from a public accounting firm. They offer solutions for your specific business situation. Whether it is accounting, tax, or business consulting, they are focused on listening to your needs and then designing solutions that fit your budget, your time line, and your vision.

Reputation
5/5
Expertise
5/5
Service Quality
5/5
Consistency
5/5
Customer Service
5/5
5
out of 5
5/5 | 28 Reviews

DTLACPA,

At DTLA they offer Tax Planning & Filing, Quarterly Estimated Taxes , Year-End 1099 Reporting, Tax Credits & Incentives, State & Local Tax, Business License Tax, Sales Tax Complian, Invoicing & Accounts Payable, Bank Reconciliation, Monthly Financial Reporting , Revenue Recognition, Expense Reimbursement, Budgeting & Forecasting, and Cash Flow Planning, among many more

Reputation
5/5
Expertise
5/5
Service Quality
5/5
Consistency
5/5
Customer Service
5/5
5
out of 5
5/5 | 27 Reviews

Advise LLP, CPA Firm

Advise LLP provides comprehensive value-added accounting, tax, financial, and IT solutions to their customers. Their team works cohesively together and is ethically bound to provide unparalleled service for their clients in today’s marketplace. Some of their services include tax planning and consulting, finanacial planning, estate planning, risk management review, federal and state audit representation, among many more.

Reputation
4/5
Expertise
4/5
Service Quality
5/5
Consistency
4/5
Customer Service
4/5
4.2
out of 5
5/5 | 1 Reviews

Latax Services

LA Tax Service are certified team of experts who offer a wide range of tax services such as Individual, Corporate, Partnership, LLC’s, Estate, Trusts, Tax Exempt Organizations, Audits, Amended, Prior-Year, and Multi-State, among many more.

Reputation
5/5
Expertise
4/5
Service Quality
5/5
Consistency
4/5
Customer Service
5/5
4.6
out of 5
5/5 | 13 Reviews

Pranas Accounting Tax & Bookkeeping Services

Pranas Accounting, Tax and Bookkeeping Services, Inc. is headquartered in California, USA with operations in Chennai and Bangalore, India. Their team comprises of professionals including qualified Chartered Accountants (CA’s), Certified Public Accountants (CPAs), Enrolled Agents (EAs) and other people on the path to certification.

Reputation
4/5
Expertise
5/5
Service Quality
5/5
Consistency
4/5
Customer Service
4/5
4.4
out of 5
5/5 | 12 Reviews

Wright Accounting Services Inc.

Rachel Wright, CPA, MST, is founder and owner of Wright Accounting Services, an accounting, tax, and advisory firm located in Los Angeles, CA. Rachel’s passion is making complicated tax issues simple to understand for business owners, as well as navigating the tax landscape to find the best solutions for her clients. She enjoys helping clients elevate their businesses and gain confidence that their financial side is being handled so they can focus on operations and sales.

Reputation
4/5
Expertise
5/5
Service Quality
4/5
Consistency
5/5
Customer Service
4/5
4.4
out of 5
5/5 | 9 Reviews

Lalea & Black, Los Angeles CPA Firm

Lalea & Black is a professional team of MBA-holding CPAs that offers a variety of accounting and business services. As a leading Los Angeles CPA firm, they specialize in a full range of business management services, including accounting, bookkeeping, financial planning, and tax preparation. Whether you are a small business owner, entrepreneur, or entertainment talent, they provide you with a high level of CPA services.

Reputation
5/5
Expertise
4/5
Service Quality
4/5
Consistency
5/5
Customer Service
5/5
4.6
out of 5
4/5 | 20 Reviews

John W. Weldon CPA

John W. Weldon CPA is a Los Angeles CPA firm dedicated to providing superior, personalized tax and accounting services. They offer bookkeeping services, tax planning, new business advisory, and much more. Whether your business is new or established, small or mid-sized, you’ll always receive the personal support and exceptional service their Los Angeles, CA CPA has come to be known for by local business owners.

Reputation
4/5
Expertise
4/5
Service Quality
5/5
Consistency
4/5
Customer Service
4/5
4.2
out of 5
5/5 | 3 Reviews

Providence Accounting Group

Providence Accounting Group is an efficient Los Angeles tax preparation service. They will file federal, state, and local payroll taxes with your satisfaction guaranteed. They offer tax planning, tax audits, payroll tax, sales tax filings with SBOE, and city business license taxes. They assist employees who work for a company to help them fill out their W-2 tax forms. They also help independent contractors such as models, actors, artists, and construction workers who need help completing a 1099 tax form.

Reputation
5/5
Expertise
5/5
Service Quality
4/5
Consistency
4/5
Customer Service
4/5
4.4
out of 5
5/5 | 10 Reviews

Bowers & Associates Inc

Bowers & Associates, Inc. specializes in accounting and tax preparation services for a wide variety of clients. They major in: tax return preparation, e-filing Federal and State returns and tax planning for individuals and businesses, bookkeeping and financial statement preparation for small and medium size businesses, and payroll services including check preparation.

Reputation
4/5
Expertise
5/5
Service Quality
4/5
Consistency
5/5
Customer Service
5/5
4.6
out of 5
5/5 | 11 Reviews

Samuel Choi CPA Accountancy

Established in 1981, Samuel B. Choi Accountancy Corp is a certified public accountant firm providing assurance, tax, and business management to both individuals and businesses. Accountants at their firm are committed to the profitability and strategic goals of all their clients regardless of scope or size.

Reputation
4/5
Expertise
5/5
Service Quality
4/5
Consistency
4/5
Customer Service
4/5
4.2
out of 5
4/5 | 4 Reviews

Alan Mehdiani, CPA

Alan Mehdiani is a premier accounting firm offering a wide range of services for your business and personal finances. They offer a broad range of services for business owners, executives and independent professionals. They are experienced in all matters of accounting and taxation, business formation, financial planning and investments, real estate and business sales. For start-up companies and new small businesses, they can assist you in forming your business, setting up your initial accounting system, as well as providing you on-going accounting support.

Reputation
4/5
Expertise
5/5
Service Quality
5/5
Consistency
4/5
Customer Service
5/5
4.6
out of 5
4/5 | 14 Reviews

Fineman West & Co LLP

Fineman West & Company provides a full spectrum of accounting, tax, and business advisory services backed by unrivaled expertise, an unsurpassed passion for understanding their clients’ stories, and a commitment to helping their clients achieve and maintain financial success. They offer an ideal mix of experience, innovation, problem solving, and relationship building to gain a deeper understanding of their clients’ stories.

Reputation
3/5
Expertise
5/5
Service Quality
3/5
Consistency
5/5
Customer Service
3/5
3.8
out of 5
4/5 | 14 Reviews

Marcum LLP

Marcum provides a full spectrum of traditional tax, accounting, and assurance services; financial, risk, and transaction advisory services; valuation, forensic and litigation services; technology consulting and managed services; and an extensive portfolio of specialty and niche industry practices.

Reputation
4/5
Expertise
4/5
Service Quality
3/5
Consistency
3/5
Customer Service
3/5
3.4
out of 5
5/5 | 7 Reviews

Elias Aziz Lavi CPA

Elias Aziz-Lavi CPA is a Los Angeles CPA firm offering a wide array of services that are customized and tailored to your needs. They are constantly adapting and evolving to the dynamics of any given situation so that their tax accountants can continue to provide the best solutions for our clients. They offer Bookkeeping, Quickbooks and Business Management Services, Taxation and Financial Planning, and Tax Accountant among many more.

Reputation
4/5
Expertise
4/5
Service Quality
3/5
Consistency
5/5
Customer Service
4/5
4
out of 5
5/5 | 8 Reviews

CLA

CLA offers personalized audit, assurance, accounting, tax, consulting, outsourcing, and wealth advisory services. Their certified public accountants, consultants, and advisors serve California communities. With more than 50 years of experience, CLA is committed to helping businesses and organizations in the Los Angeles metropolitan area create opportunities for growth.

Reputation
5/5
Expertise
5/5
Service Quality
4/5
Consistency
5/5
Customer Service
5/5
4.8
out of 5
4/5 | 10 Reviews

Wallace & Associates APC, CPA

As active, long-term partners to their clients, they offer strategic tax consulting and preparation services and a deep network of relationships to fuel their success. From tax return preparation to foreign bank account reporting, they are here to serve. Their taxation experience has provided them with an extensive base of knowledge in the area of international taxation.

Reputation
4/5
Expertise
5/5
Service Quality
4/5
Consistency
4/5
Customer Service
4/5
4.2
out of 5
5/5 | 15 Reviews

Moss Adams

Moss Adams is a fully integrated professional services firm dedicated to assisting clients with growing, managing, and protecting prosperity. With more than 3,400 professionals across more than 25 locations in the West and beyond, they work with many of the world’s most innovative companies and leaders. Their strength in the middle market enables them to advise clients at all intervals of development—from start-up, to rapid growth and expansion, to transition.

Reputation
5/5
Expertise
5/5
Service Quality
3/5
Consistency
4/5
Customer Service
3/5
4
out of 5
4/5 | 10 Reviews

Expert Answers To Common Questions:

  1. How long does an engagement typically last?
  2. Can my Fractional CFO work on-site?
  3. What are the risks of using a Fractional CFO?
  4. What are the benefits of using a Fractional CFO?
  5. What exactly does a Fractional CFO do?
  6. What other things should I look for in a fractional CFO?
  7. What skills should a CFO have?
  8. How do fractional CFOs bill their rates?
  9. How much does a fractional CFO cost?
  10. What is a fractional CFO?
How long does an engagement typically last?

Generally, a fractional CFO engagement tends to last about 3 months, it could also be much longer depending on if the CFO is being replaced. That being said, there have been cases where a fractional CFO engagement lasted from 6 months to about 5 years. There are even some arrangements that have lasted indefinitely. However, when it comes to engagements, the most common ones tend to last 1 to 2 years.

Can my Fractional CFO work on-site?

Fractional CFOs are able to work either remotely or on-site. This is typically dependent on the retainer agreement drawn up. It could also be that the fractional CFO would split their time between working on-site and working remotely, however, this tends to depend on the demands of the business or project.

What are the risks of using a Fractional CFO?

With a fractional CFO, you do not have 24/7 access to them, as the rest of their time would have to be spent attending to their other clients. Additionally, they are unable to concentrate solely on your business and that could lead to your business not getting as much information as it would in the case of a traditional CFO.

What are the benefits of using a Fractional CFO?

Hiring a fractional CFO can mean cost savings to the business, as benefits, equity and profit-sharing agreements typically entered into with a traditional CFO are null and void.

 

A fractional CFO can improve cash flow by doing the following:

  • Introducing strategies that prompt clients to pay their invoices quicker
  • Ramp up collections in order to expedite payment receipts.
  • Cooperate with creditors and banks to manage lines of credit

 

They can also improve profit margins by doing the following:

  • Tracking spending by analysing things that are needed with things that aren’t
  • Reviewing financial statements at a high level enabling the organisation and its team members to concentrate on more pressing matters
  • Working with leadership to create a budget
  • Analysing monthly data to determine where profits are generated from.
What exactly does a Fractional CFO do?

A CFO has numerous duties, from deciding when and where company funds are invested to financial reportage. It is the duty of a CFO to oversee a business’s capital structure, determine the appropriate equity debt mix as well as internal financing. One of the most integral duties of a CFO, however, is to address any issues surrounding capital structure.

What other things should I look for in a fractional CFO?

Money management as well as an understanding of the business’s industry is a key trait for a fractional CFO.
Trustworthiness paired with logic is another key trait a fractional CFO should have, considering that it would be their job to manage the financial actions of a business. They would need to be trustworthy in order to analyse the organisation’s financial strengths and weaknesses, track cash flow, and propose corrective actions.
A fractional CFO needs to have strong leadership capabilities, as they have to be able to effectively communicate with the team, develop a vision for the future, and also share important information.
A fractional CFO should also be results-oriented. This means being able to set goals for the company which the finance team can work towards. It also involves discovering ways to measure outcomes and holding people accountable when those goals aren’t met.

What skills should a CFO have?

A fractional CFO should be a strategist, being able to assist the CEO in novel opportunities, becoming more strategic, and taking on a role more akin to a business partner.
The fractional CFO should also be able to seamlessly translate the Key Performance Indexes of the company into integral information for the CEO, whilst also transforming the CEO’s strategy into an actionable plan. This plan also has to be communicated effectively to the rest of the organisation.
The fractional CFO should also have the skills of a spokesperson. They are not only responsible for financial issues, but they are also responsible for motivating the organisation to execute the company’s strategy and communicating with shareholders.
A fractional CFO should have broad technical knowledge in conjunction with financial management and reporting. This means they should understand the basics of investment, cash flow forecasting and much more.
A fractional CFO should also have the skills of a risk manager, especially as businesses become more international and complicated. They not only have to ensure compliance with a growing list of laws and regulations but they also need to recognise, assess, and respond to emerging and ongoing risks to the business.

How do fractional CFOs bill their rates?

Fractional CFOs tend to work on retainer agreements and the retainers usually range between $1,000 and $1,500 on the low end, $1,500 to $2,500 on the mid-end, and anywhere above $5,000 to $25,000 on the high end.

How much does a fractional CFO cost?

A fractional CFO costs tend to differ depending on the scope of work they do, the complexity and size of the business, the strength of the in-house finance team, and the business’s financials. A fractional CFO tends to cost on average anything from $3,000 to $10,000 per month. Fractional CFOs tend to charge an hourly rate range of $100 to over $250. However, this typically depends on the chosen tier of the fractional CFO. There are three tiers of remuneration, with the first being $50 to $125 per hour, the second being $125 to $150 and the third being $200 to about $350 per hour.

What is a fractional CFO?

A fractional CFO (chief financial officer) can be defined as a CFO with experience who offers their services to companies on a contract, retainer, or part-time basis. This arrangement enables the company to have the expertise and experience of a qualified CFO without having to incur the traditional costs (bonuses, benefits, and salary) of a full-time CFO. A fractional CFO tends to work virtually with a goal to replace the full-time CFO on a temporary or permanent part-time basis.