Financial Services
Do You Feel 100% Satisfied With Your Business's Financial Situation?
How Well Do You Know Your Business Finances?
Are you earning maximum profit from your business?
Is your business economic downturn or recession proof?
Can you take money out of your business comfortably without feeling guilty?
Do you have the right people, processes and tools in your business?
Do you have a succession plan or an exit plan for your business?
Do your finances keep you up at night?
Do you have systems and tools that help you review your past, keep on top of your current affairs and forecast your business's future?
It's Time To Transform Your Business Today!
Why Your Business Needs To Hire An External Finance Team:
You Will Save Time - Focus on what you do best and outsource the rest
You Will Pay Less Tax - One of our main focuses is to help reduce the tax your business pays by ensuring you are taking advantage of every strategy available to you through optimizing all your available deductions and organizational restructuring.
You Get Expert Advice - We are your sounding board. We are here to listen to your ideas, plans and goals and help you draft the best financial roadmap to accomplish each and every one of them.
You Will Have Less Financial Errors - By having our team review your transactions every month you get the double check you need to ensure when items are submitted to the government they have been reviewed and you can ensure their accuracy.
You Will Reduce Your Accounting Costs - Most businesses save money in their accounting department by leaning on an external fractional team. The accounting costs we bill your business are generally cheaper than having a full time internal team member on payroll.
You Will Have More Tools - We don't just do record keeping. We work with your management team to turn your records into reports that help you read, analyze and understand your business.
Good ideas should never fail due to a lack of financial know-how!
We want all small businesses to have the opportunities to make the change they want to see in the world.
Services We Offer To Businesses Like Yours
A clear financial plan is the key to profitable growth that scales. When growth causes internal chaos and confusion, it feels out of control. That can leave you feeling uncertain of the future. Many leaders are overwhelmed by business complexities with no clear financial plan for growth. We have meticulously crafted services that provide clarity and strategies that help business leaders feel confident, back in control, and secure and ready to scale.
Our team works directly with entrepreneurs, owners, and management to improve a company’s long-term financial health. We become part of your team, bringing our diverse experience and network of resources. Most CPA and bookkeeping companies do not have in house CFOs, which means you will have to do your own forecasting, variance analysis, budgeting and capital strategy.
When you partner with us, we can have our CFOs, Accounting and Bookkeeping Teams work together for greater synergy and a sounder strategy.
Fractional CFO Services
A fractional CFO is an experienced CFO who provides services for organizations in a part-time, retainer, or contract arrangement. This offers a company the experience and expertise of a high-end CFO without the in-house cost—salary, benefits, and bonuses—of a full-time CFO.
Unlike a full-time CFO who oversees and maintains all general financial strategy or an interim CFO who performs CFO duties before or between CFO hires, a fractional CFO’s duties are typically on a project basis and specifically tuned to the company’s particular challenges or goals. Fractional CFOs most commonly partner with companies to help overcome financial challenges, achieve growth, optimize strategy, implement systems, raise capital, or navigate an audit or transaction.
Fractional CFOs most commonly partner with companies to:
Help Overcome Financial Challenges
Achieve Growth
Optimize Growth and Review Long and Short Term Financial Strategies
Raise Capital
Risk Management
Create Or Review Budgets, Cashflow Worksheets and Financial Projections
Navigate an Audit or Acquisition
Implement Updated or New Software Solutions
Create & Launch Franchise or Licensee Programs
Hiring a full-time CFO can be expensive, especially for small and medium-sized businesses. Fractional CFO services allow companies to access high-level financial expertise without the cost of a full-time salary and benefits package.
Fractional CFOs typically work on a part-time basis, giving companies the flexibility to scale their financial management needs as their business evolves. This flexibility is particularly valuable for startups and growing companies that may not require a full-time CFO initially but need access to financial expertise on an as-needed basis.
Expertise
Fractional CFOs are often highly experienced professionals with diverse backgrounds in finance and accounting. They bring a wealth of knowledge and expertise to the table, helping companies make informed financial decisions, develop strategies for growth, and improve overall financial performance.
Strategic Guidance
Fractional CFOs can provide valuable strategic guidance to help companies achieve their long-term financial goals. They can assist with financial planning, budgeting, forecasting, and risk management, ensuring that businesses have a solid financial foundation to support their growth and success.
Efficiency
Fractional CFOs are often highly experienced professionals with diverse backgrounds in finance and accounting. They bring a wealth of knowledge and expertise to the table, helping companies make informed financial decisions, develop strategies for growth, and improve overall financial performance.
Access To Networks
Fractional CFOs can provide valuable strategic guidance to help companies achieve their long-term financial goals. They can assist with financial planning, budgeting, forecasting, and risk management, ensuring that businesses have a solid financial foundation to support their growth and success.
Bookkeeping Services
You may be a small business owner trying to “do it all,” including all your company bookkeeping and finances. The problem is bookkeeping takes you away from far more important tasks, like developing new products and building your customer base. Even if you learn all you can about bookkeeping, that is probably not your area of expertise.
Our offerings are fully customizable to meet your needs and budget. We start with your current system and build up, so you can avoid costly and unnecessary software transitions. We are obsessive about client security, so you don’t have to worry about the safety of your data.
Services We Offer:
Receipt and Expense Tracking
Accounts Payable Management
Accounts Receivables Management
Bank, Credit Card & Loan Reconciliations
Chart of Account Set Up and Management
Inventory Support
GST/HST/PST Reporting and Filing
Reporting: Profit & Loss, Balance Sheet, Comparison and Current, Cash Flow Statements, Forecasting Support
Expertise and Accuracy
External bookkeeping teams typically consist of professionals who specialize in financial record-keeping and reporting. They have the expertise and knowledge to accurately manage your company's books according to accounting standards and regulations. By outsourcing bookkeeping tasks to a dedicated team, you ensure that your financial records are accurate, up-to-date, and compliant, reducing the risk of errors and financial discrepancies.
Time and Cost Savings
Outsourcing bookkeeping can save your company time and money. Instead of hiring and training in-house staff or trying to manage bookkeeping tasks yourself, you can rely on an external team to handle these responsibilities efficiently. This frees up your time and resources to focus on core business activities and strategic priorities. Additionally, outsourcing bookkeeping eliminates the need for investing in software, infrastructure, and ongoing training for in-house staff, leading to cost savings in the long run.
Payroll Services
Remove the guesswork - Minimize the risk. We offer trusted, full managed and scalable payroll services to help evolve your business.
Your payroll process is more than just a necessary business function—it’s a tool that manages important expenses and obligations and helps ensure employee trust with timely and accurate payment.
Poorly managed payroll can mean staff turnover, tedious manual calculations for statutory holidays and vacation pay, falling behind with legislative changes, and errors in year-end government agency filings. Payroll mistakes can lead to significant penalties and interest on reassessment. Outsourcing payroll addresses these risks and saves time and money.
Services We Offer:
Weekly, Bi-Weekly, Semi Monthly Managed Payroll Services
WSIB
WCB
Source Deductions - Monthly Remittances
Tax Payments
Annual T4s
Record of Employment (ROEs)
Corporate Accounting Services
We specialize in providing comprehensive accounting services to businesses to ensure a smooth and efficient year-end closing process. Whether you're a small startup or a large corporation, our experienced team is here to assist you in meeting your financial reporting obligations and maximizing tax efficiency.
With our expertise and attention to detail, you can trust us to handle all aspects of your corporate accounting year-end needs efficiently and accurately. Let us help you streamline your year-end processes and ensure compliance with regulatory requirements while maximizing tax savings and optimizing your financial performance.
Incorporation Services
We specialize in guiding businesses through the process of incorporating their company, ensuring compliance with Canadian regulations and requirements. Whether you're a startup looking to establish a legal entity or an existing business seeking to expand into Canada, our experienced team will provide you with comprehensive support every step of the way.
With our expertise and attention to detail, you can rest assured that your business will be set up for success in Canada. Let us handle the complexities of the incorporation process so that you can focus on growing your business with confidence.
Personal Taxation Services
We specialize in providing individuals with expert assistance and guidance to navigate the complexities of personal taxation. Whether you're a salaried employee, a freelancer, a self-employed professional, or a retiree, our experienced team is here to help you optimize your tax situation and maximize your tax savings.
With our personalized approach and attention to detail, you can trust us to handle all aspects of your personal taxation needs with professionalism and expertise. Let us help you navigate the complexities of the tax system and ensure that you achieve your financial goals while minimizing your tax burden.
Audit Support Services
We understand that facing a Canada Revenue Agency (CRA) audit can be a daunting experience for businesses and individuals. That's why our experienced team is here to provide you with expert guidance, representation, and support throughout the audit process.
With our CRA Audit Support Services, you can have peace of mind knowing that you have a dedicated team of experts on your side, fighting to protect your interests and achieve the best possible outcome. Let us help you navigate the complexities of a CRA audit with confidence and ease.
Client Testimonials
I absolutely love working with Danielle and her team! They've made keeping track of my business finances so simple and stress-free. With their help, I don't have to worry about organizing receipts or balancing my books anymore.
They are super friendly and always ready to answer my questions. Thanks to hiring them, I can focus on running my business without getting bogged down by paperwork.
If you need help with your finances, I highly recommend giving them a try!
Tanya Smyth
I am delighted to share my positive experience after working with danielle and her team for about a year. Their professionalism, attention to detail, and dedication to accuracy have truly impressed me.
From the moment I hired them, I felt confident that my financial records were in capable hands. Their team's expertise and efficiency in managing my bookkeeping needs have not only saved me valuable time and resources but have also provided me with peace of mind knowing that my finances are in order.
I highly recommend them to any business looking for reliable and trustworthy bookkeeping services.
Sarah Williams
I recently had the pleasure of enrolling in the Fractional CFO program, and I can't say enough positive things about my experience. From the moment I engaged with these guys, I knew I was in good hands.
First and foremost, the expertise and guidance I receive from Danielle is unparalleled. It's obviously from the first conversation that she has years of experience in financial management and strategic planning. Every week she brings a wealth of knowledge to the table and helps me navigate complex financial decisions with confidence. Her insights are invaluable in optimizing my business's financial processes, identifying cost-saving opportunities, and setting realistic goals for growth.
Moreover, the flexibility of the program is a game-changer for my business. Instead of committing to a full-time CFO hire, I get to access high-quality financial leadership on a part-time basis, which is both cost-effective and efficient. This allows me to benefit from expert guidance without the overhead of a full-time salary, giving me the flexibility to allocate resources elsewhere.
Overall, I can wholeheartedly recommend the Fractional CFO program to any business looking to elevate their financial management practices. Danielle's expertise and personalized approach, has made her an indispensable partner in my business journey.
Rachel Bigg
Get Started Today!
Fill in the form below to book a Free Discovery call with a member of our team!
Software We Support
Our team works in a variety of bookkeeping software including QuickBooks Online and Desktop, Wave Accounting, FreshBooks, Sage Accounting and Xero Accounting. We also work in Caseware Working Papers.
We offer support services in Google Docs & Sheets, Dext, and Hubdoc.
We offer support services in a variety of CRMs, Payment Processors, HR/Payroll and Ecommerce programs such as Shopify, WooCommerce, Lightspeed and more.
Check Out Our Finance And Business Blogs
Unlock Maximum Efficiency with Fractional CFO Services
Achieving sustained business growth and success requires an unwavering commitment to your customers, products, and services and to your financial strategy. A strong financial foundation is key to navigating the challenges of today's dynamic market environment, and many businesses need help managing their finances in a way that fosters growth, efficiency, and long-term stability. Recognizing the truth in Sir John Templeton's words, "Only those who have the patience to do simple things perfectly will acquire the skill to do difficult things easily."
Fractional Chief Financial Officer (CFO) services offer businesses an innovative solution to this challenge, providing access to experienced financial professionals on a part-time, as-needed basis. By working with a fractional CFO, businesses can optimize their financial strategies, improve cash flow management, and make informed, data-driven decisions that propel them toward continued success.
In this blog post, we will explore the numerous benefits of embracing fractional CFO services, delving into financial analysis and planning, cash flow optimization, cost reduction strategies, and insights for informed decision-making. Get ready to unlock your business's full potential by embracing fractional CFO services as the key to unlocking maximum efficiency and sustained growth.
Robust Financial Analysis and Planning
One of the key benefits of working with a fractional CFO is gaining access to robust financial analysis and planning expertise. These seasoned professionals bring years of financial and strategic planning experience, equipping businesses with the tools they need to analyze their financial performance, identify areas for improvement, and develop actionable strategies for growth.
By leveraging the expertise of a fractional CFO, businesses can create data-driven financial forecasts, develop budgets that align with their strategic goals, and implement performance metrics to track and optimize financial results.
Cash Flow Optimization for Sustained Growth
Effective cash flow management is essential for business success, ensuring the availability of funds to cover critical expenses, seize investment opportunities, and maintain a strong financial footing. A fractional CFO specializes in the development and execution of strategies that optimize cash flow, such as improving working capital management, focusing on cash conversion cycles, and pursuing strategic financing opportunities.
By adopting these cash flow optimization strategies, businesses can build a solid financial foundation that supports continued growth and long-term success.
Cost Reduction Strategies for Enhanced Efficiency
Cost management is a critical aspect of financial strategy and can often make the difference between a thriving business and one that fails to reach its potential. A fractional CFO can help organizations identify and implement cost reduction strategies, ensuring that resources are used efficiently and that the business remains competitive in the marketplace.
With expertise in areas such as cost analysis, process improvement, and vendor negotiation, a fractional CFO can guide businesses in streamlining their operations, eliminating waste, and minimizing costs without sacrificing quality or customer satisfaction.
Informed Decision-Making for A Competitive Edge
Sound financial decision-making relies on access to accurate, timely financial information and expert insights. A fractional CFO provides businesses with the critical financial data and guidance necessary to make informed decisions and develop strategies for future success.
By working closely with a fractional CFO, businesses can benefit from real-time insights into their financial performance, identify trends and opportunities for growth, and make strategic decisions that build competitive advantage and drive long-term success.
Final Thoughts
Fractional CFO services offer a flexible, cost-effective solution for businesses seeking to optimize their financial strategies and drive efficiency. By working with a fractional CFO, organizations can access expert financial analysis, cash flow optimization, cost reduction strategies, and informed decision-making that positions them for sustained growth.
Embracing fractional CFO services can propel your business towards unparalleled efficiency and success, helping you navigate the challenges of today's dynamic market environment and unlock your organization's full potential.
Ready to elevate your financial strategy and drive your business toward unparalleled efficiency and success? Connect with Mitch Cammidge Coaching to learn more about our fractional CFO services and discover the benefits of business coaching.
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