For fractional CFOs
Monthly reporting for fractional CFOs
A fractional CFO is paid for judgement: what the numbers mean and what the CEO should do next. Yet a large slice of each month goes on rebuilding the same board pack for each client. Magic MIS keeps one mapping per client, rebuilds the pack from each month's trial balance, and gives you a board to present live.
Free to create. No subscription.
Every figure shown here is invented for illustration. Nothing on this page is computed from anyone’s accounts.
Five to twelve clients, each on a different system
You probably have a handful of clients, each with:
- a different accounting system: one on QuickBooks, one on Xero, one still on a desktop package, one on NetSuite after a funding round;
- a board or investors who want the same few numbers every month, presented the same way;
- a CEO who asks where a number came from in the meeting itself, not by email afterwards.
What you usually don't have is a team. That shapes what helps.
The monthly cycle, from the close to the board meeting
- The close lands. The client's bookkeeper closes the month and sends the trial balance, or you export it.
- Upload. It is read with the mapping set up in month one; new GL accounts are the only thing to place.
- Check. The run confirms the trial balance ties and the statements agree.
- Investor numbers. Revenue against last year, gross margin, the cash flow and cash, computed the same way every month, with the board's runway lens: cash ÷ the average monthly fall in cash over three months.
- The narrative. Magic MIS drafts what moved; you copy it out and add the judgement.
- The meeting. Press Present: the board full screen with the client's logo. A director asks about a figure? Click it to show its working and the ledgers. Need another view, such as revenue against last year as a line chart? Ask the board in chat, and Undo if it doesn't help.
A Series A software client's March: 19 months of runway
An invented client:
| Measure | March | Three-month average |
|---|---|---|
| Revenue | $186,000 | $178,000 |
| Gross margin | 74.2% | 73.5% |
| Net burn | $142,000 | $151,000 |
| Cash at the month end | $2,870,000 | |
| Runway, cash ÷ average burn | 19.0 months |
Net burn fell to $142,000, $9,000 below the three-month average. Runway is 19.0 months on the three-month average burn.
Why burn fell, such as two contractor contracts ending, is yours to add.
Paying per report suits a fractional practice
Your client list changes: one client pauses for a quarter, another raises and hires a full-time CFO, a new one starts mid-month. Prepaid credits, no subscription and no per-client plan: every action shows its price before it runs, and each company you keep has a monthly memory fee. See the credit packs.
The limits, said plainly
- One login per account: no team seats or client portals. A client gets a read-only link that opens on a phone and that you can withdraw.
- No consolidation of group entities: each company is reported on its own.
- A simple projection (the run rate of the three newest months, or the same months last year grown at this year's rate), not scenario planning or three-way forecasts. Keep your own model for that.
- No live connection to the ledger: you upload each month's trial balance.
What fractional CFOs ask
Can I use my own KPI definitions?
You can add KPIs to the board by asking, and each shows how it is worked out. Check it matches how the client's investors define it.
How are client files kept apart?
Each company's files are encrypted under a key belonging to that company alone. No person on our side can open one, and every opening is recorded where you can see it.
Does the AI decide what to tell the board?
No. It drafts wording and Where to act suggestions (suggestions to consider, not tax, legal or audit advice). You decide what goes to the board.
Does it work with NetSuite?
Yes, from a NetSuite trial balance export.
Read next
- Board pack and board packet: the monthly financial report for the boardWhat a monthly board pack contains — management accounts, KPIs, variances, commentary — how long it takes by hand, and how to produce it from a trial balance each month.Read
- How do you calculate cash runway?Cash runway = cash at the month end ÷ the average monthly net burn of the last three months. The formula, a worked example, and why three months beats one.Read
- Monthly reporting for virtual CFO services: the board report as agendaHow an accounting practice runs a virtual CFO service: the monthly board report, budget against actual, cash and a short list of actions, built from the trial balance.Read
Rebuild next month's board pack in minutes
Create an account, load last month's trial balance, and get the report — paid per action.
Prepaid credits, no subscription.