2021

Top Fractional CFOs in Philadelphia - 2021

LAST UPDATED 24 Oct, 2021
20 Firms
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List of the Top Fractional CFOs in Philadelphia

A switch is an immediately growing company, as normal, complicated by circumstances such as customer experience differentiation, the comfort of entree to cloud-based technology solutions, and value loss imperatives. The talent to successfully complete these changes, strengthened by the need for always-on transformation, is mission-critical. We optimize high-functioning partners by bolstering appearance and inspiring sustainable business outcomes beyond that of typical staffing resolutions.

Service Focus
2%
28%
17%
26%
9%
19%

JAF Consulting is smart and flexible strategic companion to Enlightenment Deftness businesses that demand quality and administrative agreement business that directs the urgent requirements of today while giving assurance and unity of remembrance for tomorrow. The JAF team executes the complicated simple by producing a reliable and sustainable feature and agreement plan.

Service Focus
25%
16%
21%
16%
9%
13%

?Your Outsourced CFO (YOCFO) is the leader in rendering actionable economic plans to develop your company and start your corporation to the next level. As your outsourced economic partner, we insert ourselves in the whole economic process to improve your organization from financial risk to a clear company growth plan. By joining in a connection with Your Outsourced.

Service Focus
22%
14%
26%
15%
4%
19%

If you are resembling for a combination of special co-operation and expertise, you have come to the best site! We advise a broad range of services for company proprietors, executives, and autonomous professionals. Our allowances are affordable. We are encountered and we’re kind. Please call us for a free primary interview.

Service Focus
23%
0%
10%
32%
32%
3%

Bowe & Associates, based in Philadelphia, PA, presents a full variety of accounting, bookkeeping, consulting, outsourcing, payroll, and business services, either at your convenience or at our place. We can give adequate accounting experts. Our accountants can also support in setting up and training your workers on the economic policies that you might be using or fitting.

Service Focus
23%
10%
24%
14%
19%
11%

PRIME CFO and Accounting Services, LLC is a licensed co-operations firm giving financial advising and project-based Chief Financial Officer duties to developing and mid-sized corporations in an extended range of enterprises. We deliver CFO services to company proprietors who require necessary and management from a senior economics executive with broad-based expertise in company operations, economics, and accounting.

Service Focus
22%
13%
25%
25%
2%
12%

Established in 1993 and headquartered in Philadelphia, YPTC is swiftly increasing nationally with distinct regional duties in New York, Washington, Houston, Phoenix, Boston, and Princeton assisting customers both on-site and remotely. Over 700 charitable leaders nationwide are holding easier at night knowing that their accounting processes are performing smoothly in the instructions of YPTC’s.

Service Focus
10%
18%
10%
7%
46%
9%

Our firm was established by its namesake, Christopher Keiluhn. His fantasy was to modify the way CPA traditionally operates with its consumers. Our purpose is to provide a digital solution for company owners, resembling to take their firms to the next level utilizing advanced, cutting-edge technological gadgets that other CPAs have been slow to espouse.

Service Focus
20%
4%
18%
30%
14%
13%

In virtually all start-up corporations, the CEO normally has the further duty of fulfilling the role of the CFO. The CEO is always the idealistic and usually the contact salesman. Some experts have said that a great CFO is just as worthy as the CEO in the early years of a business’s maturity.

Service Focus
11%
20%
17%
20%
20%
10%
Service Focus
23%
28%
16%
5%
19%
8%

Earl T. Jeter, CPA, has more than two decades of talent in all stages of secret and common accounting. He also is an adjunct teacher at his alma mater, Wilmington University, where he grows lesson designs for graduate courses in accounting, auditing, fraud detection, and forensic inquiry, and instructs students using 21st-century education methods.

Service Focus
6%
23%
26%
14%
14%
17%

Friedman is headquartered in Manhattan and has placed completely New Jersey and Long Island, as well as in Philadelphia, Los Angeles, and China. Friedman LLP has been helping the accounting, tax, and industry advising needs of public and private organizations since 1924. Our industry-focused workout highlights focused regions of expertise and perception of the financial circumstances.

Service Focus
20%
22%
4%
21%
8%
25%

The organization is known today as Dale S. Goldberg CPA and Associates was formerly named Dale Tax Service. It began as a store-front tax office in the Juniata Park section of Philadelphia PA in 1974. Company proprietor Dale Goldberg maintained working-class small businesses justified the same top-quality economic, accounting, and tax co-operations that were being offered to higher classes.

Service Focus
31%
11%
4%
18%
9%
27%

We are a Legal Consulting firm that specializes in engineering and forensic accounting. Our intention is to provide distinguished expert forensic investigation and broadcasting duties in a timely manner. Our authorities come from a wide range of obedience to meet your demands. We proceed to improve our knowledge in our respective fields with profession.

Service Focus
8%
14%
36%
28%
13%
1%

The Tax Warriors get that, when it comes to providing customers with the best feasible tax guidance and planning co-operations, nothing is more powerful than expertise that is developed on a powerful technological knowledge station. The most advanced tax news from around the enterprise, read informational substances from the authorities at Drucker & Scaccetti.

Service Focus
16%
22%
24%
8%
20%
10%

Many accounting firms try to be all things to all personalities. Not BBD. When we say we specialize in an enterprise, we mean it. We’ve struggled hard to be a unique, boutique resource for our customers. Our co-workers and all of our crew work only in one of our distinct training fields.

Service Focus
25%
33%
31%
4%
1%
6%

Marcum LLP offers a magnificent profession with exceptional advantages. There’s much to consider when it appears to launch your accounting profession. At Marcum, we allow you a world of possibility, a highly aggressive salary, exceptional advantages, flexible work choices, and industry-leading technology, all within an surrounding that values your participation and strengthens your professional maturity.

Service Focus
8%
25%
2%
26%
37%
2%

As a member of Wipfli’s service-oriented culture, we support our associates to continue their own passions and provide them with the flexibility to take an effective role in their areas. Many of them are gratified members of nonprofit boards, usually offer at organizations, and donate to those in poverty. We are in an exciting time of unlimited potential.

Service Focus
5%
7%
12%
27%
16%
33%

Heffler, Radetich & Saitta (Heffler) has been a trusted advisor for decades, serving clients of all measurements and giving a wide range of services across various industry groups. We proceed to grow and expand our co-operation presents to meet our client’s evolving personal and professional requirements, and our team proceeds to develop our client’s achievement and connect to their intentions.

Service Focus
12%
10%
21%
20%
13%
24%

GPCD Partners, LLC has a great and honorable tradition of serving corporations and individuals who take control of their economic futures. As a trusted co-worker, we explore to develop an informed understanding of our customers’ goals and dares to create tacts that minimize risk and generate possibilities for victory. Our firm gives outstanding co-operation to our customers.

Service Focus
26%
18%
14%
9%
25%
7%

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.