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Fractional accounting involves hiring a part-time, experienced finance professional (like a CFO or Controller) on a contract basis. This differs from traditional outsourcing where you might outsource specific tasks (like bookkeeping) to a larger firm. Fractional solutions provide a more strategic, hands-on approach with a dedicated expert who understands your business goals.
Communication and collaboration are key. Expect regular meetings (weekly or bi-weekly) to discuss progress, review financials, and address any concerns. You can also utilize project management tools, cloud-based accounting software, and other communication channels to stay connected.