Fractional Controller
Public-company discipline for private-company financials. The close, the controls, and the reports built to hold up.
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Internal Governance
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Compliance
Controller-led reporting & governance structures.
GAAP Framework Alignment
Standardized accounting policy implementation
Segregation Control Standards
Approval responsibility separation procedures
Audit Support Coordination
External review preparation systems
Recognized by the best
Our Featured Clients
Here are some of the clients we have empowered to forge ahead with confidence
Nancy - Vintage Charm
"We can't speak highly enough about Frak Finance. Their customized CFO services
have transformed the way we manage our retail business. Their team took the time to understand our industry, challenges, and goals, allowing them to provide tailored financial strategies that have significantly improved our profitability. Their insightful analysis of our financial data has given us a competitive edge, and their responsiveness to our needs has made them an integral part of our strategic planning. Working with Tom has been a game-changer for our business."
Mark Oden - BIM Designs
"Frak Finance has worked with BIM Designs, Inc. from June 2022... as a Fractional CFO.
During this time, Tom brought his extensive financial and people management expertise to support rebuilding our finance organization from the ground up while the firm transitioned out of a startup mindset and into a mature organization. Tom would excel in an organization where leaders hold themselves accountable and own true to their commitments, needs are explored and clearly stated, and collaboration is considered paramount."
Dhruv Singh - Aktivate
“I recommend Frak Finance for any early-stage, high-growth company that needs a smart,
reliable team who has done it before and can get things done well and quickly, all with a smile on their face. Tom sees the big picture as a founder/investor himself. He can also understand the details quickly as a prior operator. I personally threw Tom in the deep end to build our financial model prior to our 10MM+ raise with little guidance on the eve of a holiday weekend (it was a pre-emptive opportunity). Tom delivered in the face of this aggressive deadline with a smile on his face.”
Jeff August - August Medical
“What Frak Finance has really done for me is give me time back to spend with my family
and clarity around how my business is really performing. They cleaned up our books, built a proper chart of accounts, and completely changed the conversation with my accountant by providing structured, reliable books. Even when things feel messy on my end, I know the financial foundation is solid — and that’s been huge.”
Adam Elias - WhirlyBall
“I needed a solution that was cost effective but high quality and high caliber.
So that's where Frack comes into mind because... Level of attention and care and transparency. They take care of what your needs are and they tailor it exactly to what your business requires. You're not just hiring Frack, you're hiring an entire team of experts and you're not just getting this one individual on your team, you're getting our entire network."
The Controller Seat
Building The Accounting Function Your Business Should Already Have.
Frak Finance provides fractional controller services for businesses that need stronger accounting oversight, cleaner reporting cycles, and financials that can withstand lender, investor, auditor, or board-level review. We bring structure, consistency, and accountability to the accounting function so leadership can trust the numbers behind every decision.
Reporting Accuracy
Public-Company Discipline
Senior Accounting Leadership
From Unmanaged Books to a Governed Accounting Function
We don’t install a corporate-grade process your business doesn’t need. We build what fits your business.
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Stronger financial visibility through controller-led operational reporting structures
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Faster close cycles using standardized accounting supervision methodologies
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Policy administration aligned with compliant financial governance requirements
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Lower control weaknesses through continuous reporting oversight procedures
Bringing Public-Company Financial Discipline To Your Business
CPA-caliber professionals who’ve managed accounting functions for years. We don’t install a corporate-grade process your business doesn’t need. We build what fits.
Reading The Current Close
We walk the close as it runs today. The checklist, the journal entries, the reconciliations, the reporting flow. Where it holds, where it leaks, what’s missing.
Building The Close Cadence
A defined close calendar, ownership on every step, workpapers built in. The close stops depending on memory and starts running on documented structure.
Running The Monthly Close
Journal entries reviewed. Reconciliations tied out. Balance sheet substantiated. Financials sign off when the work supports them, not when the calendar says.
Reporting Up From The Close
Monthly package with variance commentary. What changed, why, what to watch. Leadership reads the function in one view, the reviewer finds the support behind it.
How The Controller Seat Gets Stood Up
Senior accounting leadership that designs your close, enforces your controls, and manages your books. We learn about your current accounting structure, where the close is breaking down.
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Month-End Close Checklist & Cadence
A documented close process with task assignments, deadlines, and sign-off gates, executed consistently every period.
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Accounting Policy Documentation
Revenue recognition, expense classification, capitalization, accruals, and intercompany rules, codified and enforced.
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Internal Controls Framework
Segregation of duties, authorization limits, reconciliation procedures, and documentation standards tailored to your stage.
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Stakeholder Financial Packages
Board-ready reports, lender covenant packages, and investor updates delivered with narrative and analysis on a reliable schedule.
Case Studies
Our Featured Projects
Real outcomes from businesses that needed accounting governance, not just more data entry.
Outsourced Financial Controller Service Delivered By Senior Accounting Leads.
About Frak Finance
We’re Operators Turned CFOs Who Get What You’re Building
With over 20 years of experience, we’re the CFOs who’ve actually built, scaled, bought & sold businesses. Now we guide yours.
We are Always Dedicated to our Work
Are Leading Consultants that you can Trust
“You don’t need to be a financial expert to run a great company. But you do need to stop pretending like it doesn’t matter.”
— Tom Dillon, CFA
Founder, Frak Finance
When This Seat Earns Its Keep
Let’s Build the Accounting Function You Need.
We’ll learn about your current accounting structure, where the close is breaking down, and whether a fractional controller is the right solution for your stage.
Audit On The Horizon
External audit, review, or compilation coming up. The workpapers, schedules, and documentation get built into the close, not patched at year-end.
Lender Or Board Review
Quarterly reporting, covenant tracking, board package due. The numbers tie before they leave the building, not during the meeting.
Transaction Coming
Raise, sale, refinance, or recap in the pipeline. The accounting risk gets cleaned up before the diligence team opens the books.
Close That Won't Tie
Month-end takes too long, numbers shift between drafts, reconciliations slip. The function needs a senior eye, not just more hours.
Scaling, Acquiring, or Preparing to Sell? Let’s Talk.
Run Your Business on Numbers You Can Trust.
Looking to have a real conversation about your numbers? Book a call today to discuss the gaps standing between you and your goals.
A Strategy Call With Senior Leadership
Honest Read Of Where You Stand Financially
Clear Next Steps, Scoped To Your Situation
Call Us Support 24/7: (312) 685-1627
Call Us Support 24/7: (312) 685-1627
View All Consulting Office Locations
View All Consulting Office Locations
Schedule a Free Consultation
Frequently Asked Questions
Straight answers for business owners evaluating whether fractional controller-level accounting is right for them.
What’s the difference between a controller and a CFO?
A controller manages the accounting function they own the close, design internal controls, enforce policies, supervise the bookkeeping team, and ensure your financials are accurate and timely. A CFO operates above the controller, focused on strategic finance: forecasting, cash management, capital decisions, and guiding the business forward. Think of it this way the controller makes sure the rearview mirror is clear and accurate. The CFO looks through the windshield and tells you where to drive.
Will you force a rigid corporate process into our business?
No. That’s the most common complaint we hear from founders who’ve tried larger firms: they got 18-tab budgets and Fortune 500 reporting built for a $200 million company when they’re running a $5 million one. We do the opposite. We assess what your business actually needs, build the structure that fits your current stage and complexity, and scale it as you grow. The process is yours, not ours.
Do I need a bookkeeper before I bring on a controller?
Not necessarily. Some clients already have a bookkeeper or staff accountant who needs oversight. Others come to us with no existing accounting team in those cases, the fractional controller can supervise a Frak bookkeeper or staff accountant who handles the transactional work underneath. We build the accounting org chart around what your business actually requires.
How does Frak ensure my controller stays in scope?
Every engagement has defined scope, clear deliverables, and principal-level oversight from Frak leadership. We run regular check-ins, client surveys, and internal reviews to ensure your controller is focused on the work you’re paying for not scope-creeping into areas that don’t serve you. If your needs change, we adjust scope transparently. You always know what you’re getting.
Blogs & Insights
Controller-level accounting knowledge for founders who want financial governance.
27
Mar
Why Your CPA Can’t Help You Sell Your Business
Your CPA files clean returns. They don't normalize EBITDA, manage diligence, or prepare buyer-ready financials.…
27
Mar
Quality of Earnings Report: Why Every SMB Buyer & Seller Needs One
The P&L tells you what was reported. The QoE tells you what the business actually…
27
Mar
What Happens When You Don’t Plan Your Exit Until It’s Too Late
Owners who wait until they're "ready to sell" are already too late. Owner dependency, untransferable…
27
Mar
The Financial Roadmap Every SMB Owner Should Be Following Right Now
A clean exit doesn't happen at the negotiation table. It happens in the five years…
23
Apr
Your Revenue Is Growing. So Why Are You Always Broke?
Revenue growth and cash flow are not the same thing. Stretched receivables, inventory bloat, and…
— BUILT TO EXIT —
Monthly Finance Briefings to Grow, Acquire, or Exit Your Business
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Finance and accounting leadership for privately held businesses at every stage. Ready to see what the right financial partner changes? Get in touch with Frak Finance today.