Bookkeeping and accounting are closely related but serve different purposes in managing your finances.

Bookkeeping is the process of recording daily financial transactions such as sales, purchases, receipts, and payments. It involves tasks like categorizing expenses, reconciling bank statements, and maintaining general ledgers. It provides the raw financial data needed to understand your business's performance.

Accounting takes the information gathered by bookkeeping and interprets, classifies, and summarizes it into meaningful reports. This includes generating financial statements, performing tax analysis, and offering strategic financial advice. Accounting turns data into insights that guide business decisions and ensure compliance.

In short:

• Bookkeeping = Data Entry & Organization

• Accounting = Analysis, Reporting & Strategy

Both are essential for a healthy business—and Entrusted Solution offers expert support in both areas to keep your finances accurate, compliant, and optimized for growth.

Outsourcing your accounting and bookkeeping offers several key advantages over hiring a full-time employee:

• Cost Savings: You avoid expenses like salaries, benefits, training, and office space. With outsourcing, you pay only for the services you need.

• Expertise on Demand: Gain access to a team of seasoned professionals with experience across multiple industries and the latest financial tools and compliance requirements.

• Scalability: As your business grows, your financial support can scale with you—no need to hire or restructure your team.

• Time Efficiency: Free up your time and internal resources so you can focus on core business functions, not managing books.

• Accuracy & Compliance: Professional firms stay updated on changing tax laws and financial regulations, reducing the risk of errors and penalties.

At Entrusted Solution, we deliver reliable, affordable, and accurate financial support tailored to your business needs—without the overhead of an in-house hire.

You may need a fractional CFO when your business is growing, facing financial complexity, or preparing for a major transition—but doesn’t require or can't justify the cost of a full-time CFO.

Here are common signs it’s time to bring in a fractional CFO:

• You need expert financial strategy to scale your business.

• You're raising capital, applying for loans, or speaking with investors.

• Your financial reports are unclear or inconsistent.

• Cash flow is unpredictable or tight.

• You’re preparing for a merger, acquisition, or exit.

• You want help developing budgets, forecasts, or KPIs.

A fractional CFO provides high-level financial guidance on a flexible, cost-effective basis, helping you make smarter decisions without the full-time expense.

At Entrusted Solution, our fractional CFOs bring the expertise of senior financial leadership to help you manage risk, maximize profit, and grow confidently.

A fractional CFO integrates seamlessly with your existing team to provide strategic financial leadership without disrupting your operations. They collaborate closely with business owners, executives, accountants, and department heads to understand your goals, challenges, and workflows.

Here’s how they typically work with your team:

• Strategic Collaboration: They align financial strategy with your business objectives, offering insight to support decision-making across departments.

• Team Integration: They communicate regularly with internal staff or external bookkeepers to ensure accurate reporting and smooth financial operations.

• Process Improvement: They assess your current systems and recommend ways to streamline financial processes, improve forecasting, and boost profitability.

• Leadership Support: Acting as a trusted advisor, they help educate and guide your team on financial matters without needing daily oversight.

At Entrusted Solution, our fractional CFOs become a valued extension of your leadership team—flexible, approachable, and focused on driving results.