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Glossary
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Outsourced CFO

What is an Outsourced CFO?

An outsourced CFO, also called a virtual or fractional CFO, is an external professional who you can hire on an hourly or subscription basis. Outsourcing the work can help growing companies save time and money before they’re ready to bring on a full-time CFO.

The chief financial officer (CFO) is the strategic and managerial head of finance. Particularly for founders who don’t have a finance background, the CFO can set and review financial key performance indicators (KPIs), implement best practices, create budgets and forecasts, and help the board and potential investors understand the company’s financial position.

Startups often don’t have the resources or the need to hire a full-time CFO. An outsourced CFO service can help you understand your company’s finances, create custom forecasts, or prepare a fundraising strategy with a limited or one-time engagement. 

CFO Services built for your growing business

Want to unlock more growth? Accelerate your growth with Pilot's expert CFO support—from accurate budgets to high-impact financial strategies.

Need help with other finance or startup questions?

Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.

We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at info@pilot.com.

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