10 Things your Fractional CFO should be doing for you

Get $100 when you sign up for a new Relay account and fund it with at least $100! To learn more, go to https://www.claracfo.com/relay To learn more about our CFO services for B2B services providers making over $1M in annual revenue, go to: https://claracfo.com/cfo-services/ Cost of Hiring Worksheet: https://learn.claracfo.com/cost-of-hiring-new-employee-or-contractor-2022 Considering hiring a fractional CFO for your small business? In this video, we break down the essential services every fractional CFO should provide and what sets a top-tier CFO apart. From budgeting and forecasting to strategic financial guidance, learn how the right fractional CFO can elevate your business. Don’t miss out on understanding the critical support a fractional CFO offers in decision-making and financial management. In this video you will find: 0:00 - Intro: Why a Fractional CFO? 4:38 - Point 1: Prioritize Company Goals 6:03 - Point 2: Understand Operations 7:10 - Point 3: Provide Oversight 8:46 - Point 4: Advise on Software Solutions 9:53 - Point 5: Advise on Business Model 10:59 - Point 6: Advise on Decisions 12:33 - Point 7: Make Banking and Financing Recommendations 14:11 - Point 8: Present to Board and Outside Parties 15:36 - Point 9: Interpret Financial Information 17:00 - Point 10: Assess and Mitigate Financial Risks To learn more about CFO services for B2B services providers making over $1M in annual revenue, go to: https://claracfo.com/services Here are some of the tools I trust and recommend to help you manage your business finances more effectively. These are affiliate links, which means I may earn a small commission if you use them—at no extra cost to you. Thank you for supporting the Clara CFO channel! 🔢 QuickBooks Online – 30% Off for 12 Months plus 30-day Free Trial https://claracfo.com/QBO Get organized with the most popular small business accounting software. 🏦 Relay Bank – Get a $100 Bonus https://www.claracfo.com/relay Modern banking designed for business owners. Sign up and deposit $100 to claim your bonus. 👥 Gusto Payroll – Earn $100 https://claracfo.com/gusto Run payroll and receive a $100 reward—perfect for growing teams. 💰 Monarch Money – Extended 30-Day Free Trial https://claracfo.com/monarch Smart personal finance software for entrepreneurs and families. 📊 RC Reports – Get $50 Off a Compensation Report https://claracfo.com/RCReports Ensure your S-Corp salary is IRS-compliant with a professional comp report. Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/ Important disclosures: Relay is a financial technology company, not a bank. Banking services and FDIC insurance are provided through Thread Bank, Member FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted. *The interest rates and annual percentage yield on your account are accurate as of 05/16/23 and are variable and subject to change based on the target range of the Federal Funds rate. APY will vary between 1-3% depending on the balances held. Earn 1% APY on savings balances of less than $50,000, 1.5% APY on savings between $50,000 and $250,000, 2% APY on savings balances between $250,000 and $1,000,000 and 3% APY on savings balances of more than $1,000,000. There are no minimum balances or minimum deposits required to earn interest on your account. Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. CODE: MB01GWTXHVR0YE5