Virtual CFO
The Virtual CFO Packages are a hybrid between Bookkeeping, CFO and Controller advisory services, to assist you in standard compliance & business strategic planning.
Through our virtual CFO packages, we build you a virtual accounting “back-office” that offers the expertise of a CFO, an experienced CPA, without the added overhead.
This includes:
Overseeing your accounting systems to ensure proper bookkeeping and reporting
Monitoring the financial health and well-being of the business
Budgeting and forecasting to help measure business performance
Help managing and forecasting cash flow assumptions and needs
Guidance in strategic planning relating to growth and expansion
Financial insight and guidance on all company decisions and issues
Our plans can be tailored to fit the unique needs of each business.
We have outlined our most popular plans and the detailed services provided, below.
| Manager | Controller | CFO | |
|---|---|---|---|
| Bookkeeping | Monthly | Monthly | Weekly |
| Accounting Software | 50% off QBO subscription | 50% off QBO or Xero subscription | 50% off QBO or Xero subscription |
| Payroll | Support Only | Full Management - Shareholders only | Full Management |
| Accounts Payable Management | Not included | Included | Included |
| Accounts Receivable Management | Not included | Included | Included |
| Inventory Management | Not included | Not included | Included |
| Month End Reporting | 30 days after month end | 20 days after month end | 15 days after month end |
| Year-End Close Support | Included | Included | Included |
| Sales Tax (GST/HST) Compliance | Quarterly or annually | Quarterly or annually | Monthly, quarterly or annually |
| Tax Return Prep | Sole Proprietor Tax Return (Discount for Corporate) | Corporate Return + Shareholder Personal | Corporate Return + Shareholder Personal |
| KPI Metric Review | Semi-Annually | Quarterly | Monthly |
| CFO Strategy Meetings | Semi-Annually | Semi-Annually | Quarterly |
| Account Manager Email Questions | Unlimited (with Accountant) - 48hr response time | Unlimited (with Accountant) - 48hr response time | Unlimited (with CFO) - 24hr response time |