Frequently Asked Questions
What is the difference between a Bookkeeper, a Tax CPA, and a Fractional CFO?Think of it as data entry versus strategic direction. A Bookkeeper logs past transactions—recording what you already spent. A Tax CPA steps in once a year to look backward at those books and file your annual tax returns with the IRS.
As your Fractional CFO and corporate accountant, we look out the front windshield. We take over your ongoing day-to-day accounting, build predictive cash-flow forecasts, optimize your profit margins, and architect forward-looking scaling strategies. We don't file your year-end taxes; instead, we build a bulletproof, flawless financial infrastructure so that when tax season rolls around, your books are packaged perfectly and passed off to your tax CPA without a single headache.
My business is growing fast, but I always feel tight on cash. Can you fix this?Yes—and this is the exact foundation our firm was built on. Rapid growth is incredibly expensive and notoriously drains cash. You can be highly profitable on paper while your bank account sits empty due to inventory lag, accounts receivable delays, or unoptimized pricing models. We dive deep into your working capital cycle, build rolling cash-flow forecasts, and implement structural guardrails so your cash stays ahead of your growth trajectory.
How does working with a "Fractional" CFO actually work?It gives you institutional-grade financial leadership without the enterprise overhead. Hiring a full-time, experienced CFO can easily cost a company upwards of $250,000+ per year plus benefits. By partnering with us fractionally, you get the exact same level of elite strategic oversight, deep financial modeling, and executive-level advisory, but scaled precisely to the current size and budget of your business.
We already have an internal bookkeeper or office manager. Can we still work with you?Absolutely. We do not require you to dismantle what is already working. If you have an internal team member handling day-to-day data entry, we can plug in directly above them. We will audit and elevate their systems, implement advanced cloud-accounting tech stacks, and step in strictly as the high-level strategic advisory layer (Fractional CFO) to translate their data into executive action.
How do we communicate and share data since you operate 100% remotely?
We utilize a fully vetted, digital ecosystem to make collaboration entirely seamless and secure. Your financial data is hosted in encrypted, cloud-based accounting platforms, and we use secure portals for document sharing. Instead of rigid, formal quarterly board meetings, we communicate asynchronously and hop on sharp, high-leverage video calls whenever critical business decisions arise. You have a direct line to elite financial leadership without the geographic constraints.
Can we hire you to do our taxes?
Not at this time. However, we will work in direct partnership with your tax accountant so they have everything they need to complete your taxes with accurate and complete information.
How do I know if my business is ready for Simple Truth Finance?If your business is generating healthy six or seven-figure revenue, but you are still making major scaling decisions based on "gut feeling" or your current bank balance, you are ready. If you are tired of flying blind and want a bulletproof financial infrastructure backed by proactive, forward-looking strategy, let’s talk. The best place to start is asking for a 15-minute discovery call to evaluate your current setup on our contact page.