How many hours a month does a fractional CFO work?
Most small businesses work with a fractional CFO for somewhere between 5 and 25 hours per month. The exact number depends on where your business is and what you need at any given time.
A stable business with clean books and straightforward operations might only need a handful of hours monthly. That covers reviewing financials, checking cash flow, and being available for questions when they come up. A business that’s growing quickly, dealing with cash flow challenges, or navigating a major decision needs more involvement.
Several factors push the hours higher. More complex financials take more time to review and analyze. Multiple revenue streams, job costing, or inventory add layers that require attention. If you’re pursuing financing, negotiating a lease, or evaluating an acquisition, those projects require focused effort that adds to the baseline.
Certain times of year also drive more activity. Year-end close, budget season, and tax preparation periods typically require additional hours. A business that needs 10 hours in a normal month might need 20 during budgeting or when working with auditors.
The point of fractional CFO support is that you’re not paying for a full-time executive when you don’t need one. A full-time CFO costs $150,000 to $250,000 annually and works 160 hours a month whether you have 160 hours of CFO-level work or not. Most small businesses don’t. They need senior financial guidance regularly but not constantly.
VJD Financial Solutions scopes engagements based on what the business actually needs rather than locking you into a fixed commitment. If your needs increase during a growth phase or specific project, the engagement can scale up. If things stabilize, it can scale back down. You get fractional CFO and advisory services for small businesses sized to your situation rather than paying for capacity you won’t use.
The right question isn’t really how many hours, but whether you’re getting the financial insight and support your business needs to make better decisions.
Fractional CFO & Bookkeeping
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Can you work with my business remotely anywhere in New Jersey?
Yes. VJD Financial Solutions works virtually with businesses throughout New Jersey using cloud-based accounting software and responsive communication. The remote model has been in place since 2012.
Read answerHow does New Jersey decide if a worker is an employee or a contractor?
New Jersey uses the strict ABC test, which presumes every worker is an employee. To classify someone as a contractor, the business must prove the worker is free from control, performs work outside usual business operations, and has an independently established trade.
Read answerHow is VJD priced?
Recurring services like bookkeeping and payroll have monthly rates starting at $250 per month. Fractional CFO work and strategic projects are priced per engagement based on scope.
Read answerDo I need to collect New Jersey sales tax?
It depends on what you sell. Physical products are generally taxable at 6.625%, while most services are exempt. New Jersey keeps it simple with no local add-ons.
Read answerHow do I switch from my current bookkeeper to you?
The transition starts with a review of your existing books to see where things stand. If anything is behind or needs cleanup, that gets addressed first. Then ongoing bookkeeping picks up from a clean, current starting point.
Read answerWhat is BAIT and could it save my New Jersey business money?
BAIT is New Jersey's workaround for the federal SALT cap. If you own an S-corp, partnership, or LLC and you itemize deductions, it can create real federal tax savings by letting you deduct state taxes that would otherwise be capped.
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