94. How to Handle Bad Books as a Fractional CFO

One of the scariest moments in the life of a fractional CFO comes right after you sign a new client.

You open their books for the first time.

Are you going to find a beautiful set of recently reconciled accounting records or are you going to find a flaming hot dumpster fire of a file that hasn't been touched by a competent professional in the last three years?

Let's be honest, it's probably the latter.

So what do you do as a fractional CFO that doesn't want to do bookkeeping?

When you find one of these files, how do you set boundaries with your clients and let them know that you're not doing that work while still being somebody that can help them move their books forward?

In today's episode of the CFO Report,  I'm talking to one of my Inner Circle members who comes across this all the time. 

I'm walking him through the process step by step on how to handle this and still look like a CFO that's helpful, but not crossing boundaries.

Let's dive in.

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WHO AM I?

I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent nearly a decade scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that Fractional CFOs can have for their clients, their families, and themselves.

Now, I help other Fractional CFOs learn how to scale their firms and maximize their own impact!

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