Fractional Accountant and Controller Services

Managing personal finances can often feel overwhelming. With bills to pay, savings to build, and investments to consider, it’s easy to lose track of your financial goals. However, understanding personal finance is crucial for achieving financial stability and success. In this blog post, we will explore key strategies that can help you take control of your finances and pave the way for a secure financial future.

Eye-level view of a financial planning notebook with a calculator and pen

Fractional Accountant Duties

• Maintain and review the general ledger

• Review bookkeeping records for accuracy and completeness

• Record adjusting journal entries

• Correct account classifications and transaction errors

• Reconcile bank, credit card, loan, and balance-sheet accounts

• Review accounts receivable and customer balances

• Review accounts payable and vendor balances

• Track fixed assets, depreciation, loans, and other liabilities

• Review payroll entries and payroll-related liabilities

• Monitor owner contributions, distributions, and equity accounts

• Review revenue and expense recognition

• Maintain and improve the chart of accounts

• Complete month-end and year-end closing procedures

• Prepare monthly financial statements

• Prepare profit and loss statements

• Prepare balance sheets

• Prepare cash-flow statements

• Prepare departmental, project, or location-based reports

• Compare actual results with prior periods

• Identify unusual transactions, errors, and financial trends

• Prepare schedules and supporting documentation for tax professionals

• Coordinate with tax preparers, payroll providers, and outside accountants

• Assist with bookkeeping cleanup and catch-up projects

• Help maintain organized financial documentation

• Support accounting software setup and process improvements

  
  

Fractional Controller Duties

• Oversee the company’s accounting and financial reporting processes

• Review and approve month-end closing work

• Establish consistent accounting policies and procedures

• Develop internal controls to protect business assets

• Improve the accuracy and reliability of financial information

• Monitor cash flow and working-capital needs

• Prepare cash-flow projections

• Create and manage annual operating budgets

• Prepare financial forecasts

• Compare actual results against budgets and forecasts

• Analyze revenue, expenses, margins, and profitability

• Identify cost-saving and profit-improvement opportunities

• Monitor key performance indicators

• Develop management dashboards and customized reports

• Review pricing, labor costs, overhead, and operating expenses

• Evaluate the profitability of services, products, customers, or locations

• Review accounts receivable aging and collection procedures

• Review accounts payable and payment schedules

• Assist with vendor and customer financial policies

• Oversee payroll accounting and related financial controls

• Support inventory and cost-of-goods-sold reporting

• Review contracts and major transactions for financial impact

• Help establish approval processes for spending and payments

• Identify financial risks and recommend corrective action

• Improve accounting workflows and reporting deadlines

• Coordinate with banks, lenders, tax professionals, and auditors

• Prepare financial information for loan applications

• Support audit, review, and due-diligence requests

• Assist with business expansion and financial planning

• Provide owners and management with ongoing financial guidance

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Strategic Financial Support

Fractional accountant/controller services go beyond recording past transactions. I help business owners use financial information to plan ahead, manage cash, control costs, and improve profitability.

You receive experienced accounting oversight and financial support based on the needs of your business—without the expense of a full-time accounting department.

My goal is to provide accurate financial reporting, stronger financial controls, and clear information so you can operate your business with greater confidence and peace of mind.