Outsourced CFO Services

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An Outsourced Chief Financial Officer's Support in Scaling Your Business

As your business grows, you need qualified advisors in your corner who can help you identify opportunities, mitigate threats, and make decisions based on solid financial data. You need the financial direction of a Chief Financial Officer (CFO). However, you might not have the need or budget for a full-time CFO.

An outsourced CFO business advisory service (or fractional CFO service) offers the best of both worlds. Receive the financial advice of an experienced CFO who understands your business without the commitment of a full-time hire. Outsourced CFOs work with you to implement changes, provide guidance, and teach you how to become a more efficient business owner.

Outsourced CFO and Advisory Services

We offer packages that include long-term, part-time, and interim CFO guidance. The right fit depends on your business needs and goals. We work with businesses just starting out, mid-size companies, and those in the process of a transition or facing a financial challenge. During our initial discovery call, we’ll identify the engagement that makes the most sense for where your business is today and where it’s going in the future.

FSA Partners in office

Why hire an outsourced CFO?

From seeking investors, opening a line of credit, taking out a loan, expanding your footprint, or taking other significant steps toward growing your business, we can help with financial insights and advice. Your financial expert can offer:

  • A virtual CFO’s office that’s dedicated to your business
  • Full-service outsourced accounting
  • Preparation for review or audited financial statements
  • Your company’s financial projections
  • Short- and long-term financial forecasting
  • Financial presentations
  • Budgeting
  • Strategic planning
  • Financial reporting
  • Business tax planning
  • Financial systems strategy and setup
  • Documentation prep for mergers and acquisitions
  • Documentation prep for capital raise
  • Interim CFO services
  • Startup guidance
  • Raising capital
tips for managing small business finances

Who needs an outsourced CFO?

  • Small businesses lacking resources for a full-time CFO
  • Startups needing guidance during crucial stages without the overhead of a full-time CFO
  • Companies in transition (mergers, acquisitions, restructuring) requiring financial expertise during complex changes
  • Businesses in rapid growth phases needing support to manage increased financial complexities
  • Companies needing specialized financial expertise for specific projects
  • Any businesses facing financial challenges and seeking expert analysis and strategic recommendations

Financial Success Starts Here in Jacksonville

The FSA team has provided quality, personalized financial guidance to thousands of clients in Jacksonville since 1978, and we are leading the way in cloud accounting tech and automation. Contact us to schedule a consultation, during which we’ll get to know you and map out a unique approach to meet your financial needs.

Frequently Asked Questions

Outsourced CFO services entail hiring an external CFO or a team of financial experts to manage the financial aspects of a business without the need for a full-time, in-house CFO (which comes with a price tag that many businesses can’t afford). Outsourced CFO services cover strategic financial planning, analysis, risk management, and decision-making support to help businesses make informed financial choices.

The cost of outsourced CFO services can vary significantly based on factors such as the scope of services, the complexity of the business, the level of expertise required, and the duration of engagement. Please get in touch with our team so that we can provide you with a quote based on your needs.

Outsourcing CFO services offers several advantages, including:

  • Cost-effectiveness by eliminating the need for a full-time CFO salary and benefits
  • Access to high-level financial expertise without the commitment of a full-time hire
  • Diverse experiences and fresh perspectives that enable businesses to make more informed financial decisions and strategies

CFO services can encompass a wide range of financial activities depending on business needs, including (but not limited to):

  • Financial planning
  • Budgeting
  • Cash flow management
  • Financial analysis and reporting
  • Risk assessment and management
  • Fundraising strategies
  • Mergers and acquisitions support
  • Advising on strategic financial decisions


An outsourced CFO might also implement financial controls, oversee accounting functions, and liaise with stakeholders like investors and banks.

Outsourced CFO services are typically more flexible and tailored to the immediate needs of a business. Traditional CFO roles involve being an integral, full-time part of the company. Outsourced CFOs focus on specific projects or ongoing strategic guidance, offering expertise without the commitment of a full-time position.

If your business encounters higher-level financial challenges, it might be time to add an outsourced CFO. Circumstances are varied but can include the following:

  • Struggling to make confident financial decisions
  • Requiring capital raising for growth plans
  • Dealing with extensive data needing transformation into actionable insights
  • Facing cash flow issues without a clear resolution
  • Feeling overwhelmed by accounting staff inquiries
  • Needing executive-level financial reports for board presentations

Accounting Resources for Business Owners