Fractional CFO Services for Woman Entrepreneurs
Fractional CFO services are the strategic backbone of your business. Hiring a professional CFO partner gives you confidence in your financial decisions and your growth.
What is a Fractional CFO?
A Fractional CFO, also known as a part-time CFO, virtual CFO, or outsourced CFO, is a financial executive who provides CFO-level services to a business on a part-time contract basis. Rather than hiring someone full-time with salary, benefits, and overhead at about $300,000- $400,000 a year, the business gets strategic financial leadership and oversight for the portion of time they need.
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Why should you hire a Fractional CFO?
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The common reasons to hire a Fractional CFO:
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Your business has enough complexity (maybe scaling up, growing revenue, preparing for financing or investment) that simple bookkeeping or controller work is no longer enough.
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You want executive-level guidance (budgeting, forecasting, cash-flow strategy) but cannot justify (or afford) a full-time CFO.
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You prefer flexibility: The arrangement can scale up or down in time/hours as the business changes.
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It can also signal more maturity to external stakeholders (investors, lenders), having strategic financial leadership in place.
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What makes Queen of Bookkeeping's Fractional CFO services unique?
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Queen of Bookkeeping’s Fractional CFO services are uniquely designed to support women entrepreneurs with clarity, confidence, and strategic insight. Unlike traditional CFO offerings, our Fractional CFO packages include ongoing bookkeeping, allowing us to see the full financial picture, from day-to-day transactions to high-level strategy. This hands-on approach ensures decisions are based on accurate, real-time data, not outdated reports. At the same time, we maintain strong checks and balances by intentionally not offering tax preparation, keeping bookkeeping and tax services separate. This structure protects the integrity of your financials and allows your CPA to work from clean, reliable books, so you can grow your business with confidence and peace of mind.
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Accepting Transactions
Melanie will accept the transactions per calendar month.
Financial Reports
Melanie will email financial reports monthly. With metrics, KPIs and insights to make informed decisions!
Accounts Recievable
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Melanie can help you get paid in a timely matter.
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Payroll
Melanie can help with your payroll needs through Quickbooks Online. Additional fees apply.
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Reconciling Accounts
Melanie will reconcile your business checking account, savings account, and one credit card.
Review
Melanie will review your transactions and make sure things look accurate.
Accounts Payable
Melanie can help you pay your bills on time.
Contractors and 1099 Support
Melanie can help with paying your contractors and 1099s at the end of the year. Additional fees will apply.
Benefits of Hiring a Fractional CFO
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Strategic Financial Guidance Without the Full-Time Cost: Get executive level financial insight and strategy at a fraction of the cost of a full-time CFO.
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Clear Understanding of Your Numbers: Move beyond reports to truly understand what your financials mean and how they impact your decisions.
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Cash Flow Management & Forecasting: Gain visibility into future cash needs so you can plan confidently, avoid surprises, and support sustainable growth.
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Better Decision-Making With Real-Time Data: Use accurate, up-to-date financial information to make informed business decisions, not guesses.
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Profitability & Pricing Insights: Identify what’s working, what’s not, and where adjustments can increase profitability.
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Budgeting & KPI Tracking: Set realistic budgets and track key performance indicators that align with your business goals.
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Prepared, Stress Free Tax Season: Clean, well maintained books throughout the year make collaboration with your CPA seamless and efficient.
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Stronger Financial Controls & Checks and Balances: Separation of bookkeeping and tax preparation ensures accuracy, accountability, and compliance.
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Confidence as a Business Owner: Replace uncertainty with clarity so you can lead your business with confidence and peace of mind.
What Our Clients Say
"Melanie is amazing! Her professionalism and focus on offering the best service is top notch. Whenever there are issues or questions, she answers quickly and clearly (often with helpful training videos that she records herself -- very helpful). I highly recommend Queen of Bookkeeping!"
Fractional CFO vs. Business Coach: What’s the Difference?
A Fractional CFO focuses on the financial health of your business. They work directly with your numbers—cash flow, profitability, budgets, forecasts, KPIs, and financial strategy—using real, accurate data to guide decisions. A Fractional CFO doesn’t rely on motivation or general advice; they provide data-driven insights and financial direction so you can make confident, informed choices that support sustainable growth.
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A Business Coach, on the other hand, focuses on mindset, leadership, accountability, and overall business development. Coaches help with goal-setting, motivation, systems, and personal growth but typically do not work inside your financials or provide detailed financial analysis.
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Key Differences at a Glance
Fractional CFO Business Coach
Financial strategy & oversight Mindset & leadership coaching
Cash flow & forecasting Goal setting & accountability
Budgeting & KPIs Personal & professional growth
Profitability analysis High-level business guidance
Data-driven decisions Advice-driven support
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At Queen of Bookkeeping, our Fractional CFO services are designed specifically for women entrepreneurs who want clarity and confidence in their numbers. We translate your financial data into actionable insights so you can grow your business with intention—not guesswork.
Sample Deliverables!
This is a sample company and when you work with Queen of Bookkeeping for Fractional CFO Services, you will get similar Financial Reports with KPIs, metrics, and Executive Summary!
How to hire a Fractional CFO!
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Questions you should ask when considering a fractional CFO for your business:
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How experienced is the CFO? Here at Queen of Bookkeeping, I have over 10 years of experience helping small businesses like yours with bookkeeping, budgeting, and strategic planning.
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What is the average response time from the CFO for my request and inquiries for my business? Melanie usually will reply to your emails within 24 hours.
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Does the CFO offer tax consulting and preparation in their services for your business? Melanie can help with some tax consulting and advising but she does not do the preparation because she believes in strong checks and balances ensuring your books are taken care of the best way possible.
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Ask the firm to give you a good proposal and to look at your financials. Queen of Bookkeeping can review your financials and provides a comprehensive proposal with recommendations, examples of reports, and forecast models to help you streamline your finance operations as part of the consultation process to ensure Melanie Queen is the best fit for you!
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Research the fractional CFO firm’s website and LinkedIn profiles. Ask about their experience and even look at their resume if needed. Melanie Queen's Resume is available upon request. Click here for My LinkedIn Profile.
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Ensure you have set meetings once month for a status update and to discuss financials, forecasts, processes, and financial strategy. Here at Queen of Bookkeeping, we will decide a day and time every month to meet.
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Once you determined Queen of Bookkeeping is may be a good fit:
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If you want a comprehensive proposal with recommendations and examples of reports specific to your business then Melanie will need access to your Quickbooks Online Advanced Subscription. Please plan to add her as an accountant to be able to pull these sample reports and proposal. Otherwise, she can send a sample company proposal for your review.
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Melanie Queen will send over an engagement letter that will need to be signed before services can begin.
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Once engagement letter is signed, please add Queen of Bookkeeping to your Quickbooks Online Advanced Subscription so she can get started right away!
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Queen of Bookkeeping turn around is usually a week. After about a week, she will send you a list of questions and then once questions are answered, you will recieve your first set of reports and we will have our first monthly one-on-one meeting!
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