Do I need a CFO if I already have a bookkeeper?
A bookkeeper keeps your financial records accurate. They categorize transactions, reconcile accounts, and produce the reports that show what happened in your business. This work is essential. Without clean books, nothing else works.
A CFO does something different. They interpret the numbers, build forecasts, model scenarios, and help you make decisions about the future. Should you take on that lease? Can you afford to hire two more people? What happens to cash flow if your biggest customer delays payment? A bookkeeper records the past. A CFO helps you plan what comes next.
The question isn’t really whether you need both. It’s whether your business has grown complex enough that accurate historical records aren’t sufficient anymore. If you’re making significant capital decisions, pursuing financing, expanding into new markets, or struggling to manage cash despite strong revenue, you likely need strategic financial guidance that bookkeeping alone can’t provide.
There’s also a middle layer worth considering. Many businesses benefit from controller-level oversight before jumping to full CFO services. A controller reviews the bookkeeper’s work, makes adjusting entries, ensures the financial statements are reliable, and closes the books properly each month. This gives you accurate numbers you can trust. CFO-level strategy only works if it’s built on accurate data.
For established South Florida businesses, the progression often looks like this: you start doing your own books, then hire a bookkeeper as transaction volume grows, then add controller oversight when you need reliable financials, then bring in CFO support when you need strategic planning and analysis. Not every business reaches every stage, but skipping stages usually creates problems.
The practical test is this: can you confidently answer questions about where your business will be financially in six or twelve months? Do you understand your true profitability by service line or customer? Can you model what happens if revenue drops 20% or grows 40%? If the answer is no, and those questions matter to your business, a bookkeeper alone isn’t enough.
Premium business accounting in Boca Raton typically starts with getting the foundational records right, then layers in the strategic support as the business needs it. The goal is financial clarity at every level, from daily transactions to long-term planning.
Premium Controller & CFO Advisory Firm
Next Step:
Let's Talk About Your Business
Tell us about your business and your goals. We'll discuss how Jargo can support your financial operations and growth.
More Questions
What documentation do I need for a bookkeeping cleanup?
Start with bank and credit card statements for the entire cleanup period. From there, gather loan documents, payroll reports, and any invoices or receipts that help explain transactions.
Read answerWhat's the best way to organize receipts for past years?
Sort receipts by tax year first, then by expense category. Scan everything to digital since thermal paper fades quickly. Keep records for at least seven years to cover audit windows.
Read answerCan a fractional CFO help with cash flow forecasting?
Yes. Cash flow forecasting is core CFO work. A fractional CFO builds projections that show when cash gets tight, when you can invest, and how different decisions affect your runway.
Read answerHow can a controller help with accrual accounting?
A controller ensures your accrual entries are accurate and timely. They handle adjusting entries like prepaid expenses, accrued liabilities, and deferred revenue so your financial statements reflect reality, not just cash movement.
Read answerCan a controller supervise my in-house bookkeeper?
Yes. A controller provides the oversight and review layer that most in-house bookkeepers need but rarely get. This arrangement catches errors, ensures proper month-end close, and produces financial statements you can actually rely on.
Read answerHow much does a fractional CFO cost in South Florida?
Fractional CFO services in South Florida typically range from $3,000 to $10,000 per month on retainer, or $200 to $500 per hour for project-based work. The actual cost depends on scope, complexity, and how much time your business requires.
Read answer
