The cost of a typical in-house CFO, controller, and one-staff accountant can exceed $600,000 when including salary, bonuses, and benefits.
– Fractional executives, such as CFOs, are billed on a per-hour or project basis, offering more flexibility.
– The cost of a fractional executive is generally 25% to 50% of the cost of a full-time in-house executive.
– Companies can customize the number of hours and the types of projects they want the fractional executive to work on.
– The fractional model provides a cost-effective alternative to having a full-time executive, especially for businesses that may not require full-time expertise.
