Doesn’t it feel like you just filed your 2021 taxes? Well, you probably have if you had filed for the October extension put in place due to the pandemic. Unfortunately, you won’t be able to wait that long again to file your 2022 taxes.
Let’s face it, paying taxes isn’t fun. However, it’s best to get ahead of it to ensure you don’t end up paying any fines or late fees.
Luckily, fractional financial service companies, like Skyview CFO, have become more commonplace over the last couple years. The lingering effects of the pandemic have led to a rise in freelancers, and virtual services that mesh with the work-from-home or hybrid working environments
Fractional financial services can help business owners save time and money by ensuring your accountant doesn’t have a large pile of disorganized information to bill you at a substantial hourly rate to make heads or tails of.
What are Fractional Financial Services?
At Skyview, we provide three different types of services: Fractional bookkeeper, controller, and CFO services. Think of us as the translator between you and your accountant. Maybe you just need someone to clean up your books, or just an extra set of eyes on your numbers. That can seem costly, especially if you don’t have the budget to hire anymore full-time employee. This is where a fractional services can be a cost effective solution.
Fractional Bookkeeping
It’s 2023 and the days of bookkeeping being recorded in actual books are well and gone, as are the days of needing a software downloaded on your desktop. Accounting platforms, like QuickBooks have made the shift to online which allows for the virtual bookkeeping industry to exist.
The average salary for a full time bookkeeper is approximately $50,000. By providing our services virtually on a part-time basis, we are able to come in at a significantly lower rate – as lows as a couple hundred dollars per quarter!
A fractional bookkeeper will categorize your income and expenses, save and file your receipts, reconcile your bank accounts, process your payroll and produce your financial statements essential for both you and your accountant.
Fractional Controller
A fractional controller is more hands on than a bookkeeper. They can provide services such as budgeting, forecasting, price shopping, pricing strategy, and other analytical reports, in addition to the standard bookkeeping services above
Fractional CFO
A fractional CFO is more geared towards startups who need financial guidance, business planning, and funding tactics. This can be a much better alternative to a full-time CFO who will either demand a substantial salary, or equity.
Find Out More
If any of these services appeal to you, or if you just want to set up a free consultation drop me an email at brandon@skyviewcfo.com !
