Hannum Fractional Accounting

Fractional Accounting · Controller · Treasury · Financial Leadership

Accounting for Growing Businesses

Established businesses need a timely month-end close, reconciled balance sheets, financial statements a bank can rely on, and an experienced accountant responsible for all of it.

Hannum Fractional Accounting provides that—recurring accounting, controller oversight, and cash management for companies that have outgrown basic bookkeeping but are not ready to build a full accounting department.

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The Problem

The problem is not always a lack of people.

Most established businesses already have several people touching the accounting. What is often missing is an experienced accountant responsible for the whole—so the close slips, reconciliations lapse, and cash gets attention only when it becomes urgent.

That is the gap Hannum fills.

Where We Fit

More than bookkeeping. More grounded than advisory.

We do not process transactions at volume, and we do not advise from a distance. We do the accounting: the general ledger, the reconciliations, the month-end close, the financial statements, the cash.

Our work is measured by the reliability of the information management receives.

Services

Accounting, controllership, treasury, and financial leadership

Engagements combine these service lines around the company's staff, systems, and reporting requirements. Scope is defined at the outset—and so are responsibilities.

Service Line

Fractional Accounting

Professional accounting, month after month.

For companies whose books have outgrown a bookkeeper. We keep the general ledger accurate, the accounts reconciled, and the close on schedule—so financial statements are ready when they should be, supported by workpapers.

  • General-ledger oversight
  • Bank and balance-sheet reconciliations
  • Journal entries and account cleanup
  • Month-end close
  • Financial statements and management reports
  • Supporting schedules and workpapers
  • Oversight of internal staff and outside bookkeepers

We may do the work, supervise your staff or outside bookkeeper, or review completed work. Scope is defined by engagement.

Service Line

Fractional Controller

The experienced controller the company does not currently have.

Someone owns the close, reviews the statements, keeps the balance sheet clean, and answers for the numbers—to management, the bank, the bonding company, and the outside accounting firm.

  • Month-end close management
  • Financial-statement and workpaper review
  • Balance-sheet integrity
  • Accounting-team supervision
  • Internal controls and accounting policies
  • Lender and bonding-company reporting
  • Preparation for tax, review, audit, or compilation work
  • Work alongside tax advisers and outside accounting firms

Also available on an interim basis when a controller departs. Scope is defined by engagement.

Service Line

Treasury Office

Disciplined cash and liquidity oversight.

A recurring treasury routine, not cash-flow consulting. Cash should not become visible only when it becomes urgent.

  • Bank-verified cash monitoring
  • Payroll and major-obligation visibility
  • Weekly treasury reporting
  • Same-day alerts on defined triggers
  • Collections and working-capital visibility
  • Short-term cash planning
  • Escalated reporting during cash pressure

Treasury Office is a service line within Hannum Fractional Accounting. Scope is defined by engagement.

Service Line

Financial Leadership

Financial guidance for major decisions.

Forecasting, financing, and owner reporting—when the need goes beyond the recurring accounting.

  • Forecasting and budgeting
  • Financing and refinancing support
  • Ownership and board reporting
  • Interim CFO support

An additional capability, not the identity of the firm. Scope is defined by engagement.

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Why It Matters

When responsibilities are clear, the numbers hold up.

Good people alone do not produce a clean close. We establish clarity around:

  • Who is responsible
  • What work is due, and when
  • How it will be reviewed
  • What information management receives
  • When financial risks are escalated
  • How outside professionals are supported

The result: a steadier month-end rhythm, and less accounting falling back on the owner.

Who We Serve

Built for established small and midsized businesses

We primarily serve privately held businesses with approximately $2 million to $20 million in annual revenue.

  • $2M–$20M annual revenue
  • Privately held
  • Operationally complex
  • Established, not early-stage

Our experience is particularly strong in construction and professional services, though the work applies to any established business with real operational complexity.

Situations that often create a strong fit

  • The owner is still running the accounting by default
  • Month-end reporting is slow
  • Financial statements are difficult to trust
  • Balance-sheet accounts are not consistently reconciled
  • The company has outgrown its bookkeeper
  • A controller has departed
  • Banks or bonding companies expect stronger reporting
  • Year-end financial-statement work is inefficient

How We Work

What to expect when you engage us

Nothing important changes without being agreed to first—in writing, before the work begins.

  1. Understand

    You tell us what prompted the call—a slow close, a departed controller, a bank asking for more, cash running tight, or numbers you no longer trust.

  2. Assess

    We look at your books, systems, people, and outside providers—how the close actually runs, what gets reconciled, and where things break down.

  3. Define

    You receive a written scope: what Hannum owns, what stays with your team and other providers, what you receive each month, and what it costs.

  4. Operate

    The work begins. Reconciliations get done, the close runs on schedule, financial statements arrive when promised—and someone answers for them.

  5. Improve

    As the business grows, the accounting keeps up—without another overhaul.

About the Firm

Accounting, run properly.

Small and midsized businesses rarely lack accounting help. They have staff, bookkeepers, payroll providers, tax accountants, and bankers. What is harder to find is someone who has run an accounting department—and will take responsibility for this one.

Hannum Fractional Accounting exists to do that: records kept right, the close on schedule, the balance sheet reconciled, reporting that holds up, and cash watched.

How we think

Dependable information comes before better decisions.
Reporting cannot be more reliable than the accounting beneath it.
Good people are not the same as a clean close.
Qualified people and providers do not automatically produce a timely close and trustworthy statements.
The work should fit the business.
The right solution may include internal employees, outside bookkeepers, tax professionals, software, and fractional leadership.
Responsibilities should be clear.
Every important accounting and financial process should have a defined owner.
Financial leadership should remain practical.
Recommendations should be grounded in the company's actual records, cash position, and obligations.

The Founder

Josh Hannum, CFO, CGMA

Accounting · Controller · Treasury · CFO

Josh has served in accounting, controller, treasury, and fractional CFO roles for privately held businesses. His experience covers recurring accounting, month-end closes, treasury management, financial reporting, banking relationships, forecasting, and financial leadership.

He has worked directly alongside owners, leadership teams, lenders, and outside accounting firms. Practical and hands-on, he believes dependable financial leadership begins with dependable accounting.

Whether serving as fractional accountant, controller, or CFO, the objective is the same: financial information owners, banks, and advisers can rely on.

Common Questions

Frequently asked questions

What is fractional accounting?

Access to experienced accounting, controller, and financial leadership without hiring every role internally. An engagement may include recurring accounting work, controller oversight, treasury monitoring, financial reporting, and selected CFO-level guidance.

Are you a bookkeeping firm?

Bookkeeping or transaction-level accounting may be included when necessary, but Hannum Fractional Accounting is not positioned as a high-volume bookkeeping service.

Our focus is professional accounting: the general ledger, the close, the financial statements, and the oversight behind them.

Are you a fractional CFO firm?

CFO-level guidance may be part of an engagement, but our work generally begins closer to the accounting foundation.

We help ensure the records, close procedures, reporting systems, and recurring financial processes are dependable before relying on that information for major decisions.

Do you replace our current accounting staff?

Not necessarily.

We may work alongside internal accounting personnel, supervise or support them, fill a capability gap, or assume selected responsibilities.

The goal is stronger accounting, not replacing good people without reason.

Do you replace our tax or audit firm?

Not necessarily. We work closely with the company's existing tax, review, audit, or compilation firm—maintaining the records, reconciliations, schedules, and workpapers that let those engagements proceed efficiently.

Do you prepare financial statements?

Yes. Depending on the engagement, we may prepare management reports and company-prepared financial statements supported by reconciliations and workpapers.

The exact scope and intended use of the financial statements will be clearly defined.

Do you perform compilations?

The scope of financial-statement services depends on the client's needs and the structure of the engagement.

Hannum Fractional Accounting can prepare and maintain the accounting records, reconciliations, schedules, workpapers, and company financial statements required to support management, banks, bonding companies, and outside accounting firms.

When requested and appropriate, Hannum Fractional Accounting may also be separately engaged to provide financial-statement preparation or compilation services under applicable professional standards. The scope of the engagement, management's responsibilities, and any required independence disclosures will be clearly communicated.

Can you support banks and bonding companies?

Yes. Depending on the engagement, we prepare lender reports, covenant calculations, schedules, company financial statements, and responses to information requests—and can work directly with the client's bank, bonding professionals, and outside accounting firm.

What size businesses do you serve?

We primarily serve privately held businesses with approximately $2 million to $20 million in annual revenue.

Fit depends on complexity, existing staff and providers, reporting requirements, and the level of responsibility the company needs us to assume.

What industries do you serve?

Our experience is particularly strong in construction and professional services.

However, the approach can apply to other established privately held businesses with operational complexity and a need for stronger accounting oversight.

Do you work remotely?

Yes. Most recurring accounting work is performed remotely through secure system access and defined operating routines. On-site work is incorporated when useful.

How is the work priced?

Ongoing engagements are generally priced as a recurring monthly fee based on the scope of responsibility, accounting complexity, transaction volume, the condition of the existing records, current staff and providers, and reporting requirements.

Material work outside the recurring scope may be separately priced.

How do we get started?

The first step is a conversation about the company's current accounting—what is working, where problems are occurring, and what level of support may be appropriate.

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The Standard

What good looks like

  • Financial statements arrive on time.
  • Balance-sheet accounts stay reconciled.
  • Banks receive the information they need.
  • Cash receives regular attention.
  • Owners spend less time managing accounting.

Accounting owners, banks, and outside accountants can rely on.

Whether you need recurring accounting, controller oversight, treasury management, or broader financial leadership, Hannum Fractional Accounting helps established businesses produce dependable financial information and stronger financial reporting.

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Contact

Start a Conversation

You do not need to diagnose the exact service you need before contacting us.

Begin with the accounting, reporting, cash, staffing, lender, bonding, or financial issue that is consuming attention or creating uncertainty.

We will help determine whether Hannum Fractional Accounting is a fit and what the work might look like.

Josh Hannum, CFO, CGMA

josh@joshhannum.com

Serving privately held businesses in Alabama and beyond

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