Fractional Accounting Services – XoraH PLLC

Fractional Accounting Services

Intro to Services

There is a stage in almost every growing business where the financial management function has outgrown what a bookkeeper or part-time accountant can handle — but the business is not yet large enough to justify a full-time CPA, controller, or accounting department. This gap is where financial problems quietly develop: books fall behind, reconciliations are skipped, reporting to owners or investors becomes unreliable, and the accounting function becomes a constraint on growth rather than a support for it.

Our fractional accounting services are built for exactly this stage. We provide experienced, CPA-level accounting support on a flexible, part-time basis — giving your business access to the expertise it needs without the cost and commitment of a full-time hire. We function as your accounting department, your technical resource, or the senior oversight layer above your existing bookkeeper — whatever the business actually needs. Serving clients throughout Florida and nationwide.

What Fractional Accounting Services Include

Fractional accounting is a flexible engagement model, and the specific services included are tailored to each client’s situation. Common components include:

Month-End Close Management

A timely, accurate month-end close is the foundation of reliable financial reporting. We manage the full close process — account reconciliations, accrual entries, depreciation, prepaid amortization, revenue recognition entries, and intercompany eliminations — and deliver a complete set of monthly financial statements on a consistent schedule. For businesses that have struggled with a slow or inaccurate close, this alone is often transformative.

Financial Statement Preparation

We prepare GAAP-basis monthly, quarterly, and annual financial statements — income statement, balance sheet, and statement of cash flows — along with the management commentary and supporting schedules that owners, boards, lenders, and investors need to understand the business’s financial performance.

Accounts Payable and Receivable Oversight

We provide oversight and review of accounts payable and accounts receivable processes — ensuring that vendor payments are properly coded and approved, that customer invoices are accurate and timely, that collections are being managed, and that the aging reports used to manage cash flow are reliable.

Payroll Accounting and Reconciliation

Payroll is one of the most significant and most frequently mishandled accounting areas for small and mid-size businesses. We reconcile payroll to the general ledger, ensure payroll expenses are properly classified by department and account, and address payroll tax accounting — so that payroll is accurately reflected in the financial statements and payroll-related liabilities are properly recognized.

Technical Accounting Support

One of the most valuable aspects of working with a CPA-credentialed fractional accounting team is access to technical accounting expertise when non-routine questions arise. Whether it is a lease accounting question under ASC 842, a revenue recognition issue under ASC 606, or an equity instrument that needs to be evaluated under ASC 480, we handle the technical accounting alongside the day-to-day work — without the client needing to engage a separate advisor.

Audit Preparation and Support

For businesses that have an annual audit, review, or compilation, we prepare the financial statements, trial balance, and supporting schedules in the format your CPA firm needs — and we remain available to respond to auditor questions and provide requested documentation throughout the engagement. Businesses with strong, CPA-prepared financial statements consistently experience shorter, less costly audits.

Accounting Team Oversight and Training

For businesses that have an internal bookkeeper or accounting staff but lack senior oversight, we serve as the reviewing layer — checking the team’s work, answering their accounting questions, and ensuring that the financial statements produced by the internal team are accurate and GAAP-compliant before they are finalized.

How Fractional Accounting Differs From Bookkeeping

Bookkeeping and fractional accounting are not the same service, though they are frequently confused. A bookkeeper records transactions — coding expenses, reconciling bank accounts, processing invoices. A fractional accountant does all of that and more: preparing GAAP-basis financial statements, managing the month-end close, handling technical accounting questions, overseeing the bookkeeper’s work, and serving as the senior financial resource for the business. If your business has questions that your bookkeeper cannot answer — or if your financial statements are not being prepared with the rigor that your auditors, lenders, or investors require — fractional accounting services are the right solution.

Who Our Fractional Accounting Services Are For

• Small to mid-size businesses that have outgrown their bookkeeper but are not ready for a full-time accountant or controller
• Startups and growth-stage companies building their accounting function for the first time
• PE-backed portfolio companies in the early post-acquisition period before a permanent accounting team is in place
• Companies in transition — between controllers, between accounting systems, or scaling rapidly
• Business owners who want accurate, timely financial statements but do not want to manage an internal accounting function