What a fractional CFO does, how it differs from other finance help, and how to get started.
A senior finance leader who works with an organization part-time, on an ongoing basis or for a defined project. The organization gets CFO-level judgment without a full-time executive.
A bookkeeper records transactions. A fractional CFO makes sure the records are right, turns them into reporting leadership can use, and advises on budgets, cash, risk, and the board. Most organizations need both.
An outsourced accounting firm usually runs the day-to-day books. A fractional CFO sits above that work: reviewing it, owning the financial picture, and answering to the executive director and board.
When it has outgrown its bookkeeper, the audit is late or has findings, the board doesn't trust the numbers, a finance leader has left, or a new executive director needs a clear read of the finances.
It depends on the organization's size and the time of year. Time is usually heavier at the start, during the budget, and around the audit.
Yes. Lei Advisory is based in New York City and works with organizations in New York and other states, including their state registrations and filings.
Frank Lei, CMA, leads every engagement personally. Lei Advisory works with a limited number of organizations at a time.
Email frank@leiadvisory.com or call 646-789-5668. The first conversation is a straightforward consultation.
Lei Advisory works with a limited number of organizations at a time. If disciplined reporting and experienced oversight would help your team, reach out. The first conversation is a straightforward consultation.