Outsourced accounting and fractional controller services Books closed on the date we publish, or half that month’s fee back if the miss is ours.
Millrace Finance Partners is an outsourced accounting and fractional controller firm for small and mid-sized US companies and nonprofits: the accounting service starts from $2,000 a month and a fractional controller from $7,000 a month, with no hourly billing. Our standard close calendar targets the fifth business day and your date is published a month ahead. If we miss it and the cause is ours, we refund half that month’s fee.
What you can check before you sign
We are a new firm with no clients to show yet, so we publish what you can check instead.
The support your finance function needs
Common questions
Who is Millrace Finance Partners for?
Small and mid-sized US companies and nonprofits, of any kind, that want outsourced accounting or a fractional controller on published fees. It suits an organization with a lender, a board, an investor or an auditor waiting on the numbers, several legal entities to consolidate, or a close date that slips. Nonprofits get fund accounting, restricted-fund and grant tracking, and functional expense allocation.
What does Millrace Finance Partners cost?
Fixed monthly fees with no hourly billing: the accounting service starts from $2,000 a month and a fractional controller from $7,000 a month, for companies and nonprofits alike. Advising and planning work is scoped per project. The accounting fee scales with volume, entities and complexity, and is quoted against your actual books after a read-only look. The discovery call is free.
What is included in the accounting service?
Your payables, receivables, reconciliations and month-end close, with multi-entity consolidation and a monthly reporting pack. Our standard close calendar targets the fifth business day, and your date is published a month ahead. Nonprofits also get fund accounting, restricted-fund and grant tracking, and functional expense allocation. For Form 990, we prepare the financial information and schedules a nonprofit’s tax preparer needs; we do not sign or file the return. Signing authority, custody of funds, payroll processing and tax returns are not included.
Running a nonprofit? Our page on outsourced accounting for nonprofits covers Form 990 support and working with your auditor, and our guide on how to choose an outsourced accounting firm for a nonprofit sets out six questions to ask any firm, us included. If you need senior help rather than the day-to-day, see what a fractional controller costs and what drives the fee.
Automation prepares.
A named person reviews.
We use automation and AI for the repetitive preparation: extraction, coding, matching and drafting. A named person reviews anything before it reaches your ledger, and explains what the numbers mean.
Your reporting does not have to stop at the reports built into QuickBooks Online. We connect your QBO transaction data to reporting tools for tailored dashboards, management reports and analysis.
How we workWhat should your numbers help you decide?
Bring one question your current reports cannot answer, and we will talk through what answering it every month would involve.
No lock-in: thirty days’ notice ends an engagement, and nothing is billed by the hour.