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CFO Services in Canada

A CFO, or Chief Financial Officer, is responsible for all financial actions of a company. This includes financial planning, cash flow tracking, and financial analysis. A CFO provides valuable information and analysis for a company to grow and find opportunities that may otherwise be missed.

Having a CFO as part of your team can make the difference between record profitability with innovative ideas, and lost business opportunities with limited cash flow.

CFOs are highly trained and have extensive experience, coming equipped with specialized knowledge to push your business forward. This means hiring a CFO internally is expensive, and time spent onboarding is time you are losing to make your next move. If you’re a small or medium-sized business, you don’t have this time or money to waste.

The solution to this is outsourced CFO services. These remote CFO services allow you to gain the expertise you need to make sound financial decisions, market predictions, and find innovative ideas to secure your company’s financial future.

Start building your company’s path to financial success with an external CFO from Accountor CPA. We are the choice of businesses across Canada as a CFO consulting firm.

What are CFO Services?

CFO services vary depending on your company’s needs, financial situation, and size. Whether you’re a small business, a start up, or a large corporation, Accountor CPA’s CFO advisory services improve your profitability and set you on a course to a clear financial future.

Whether you need full time, part-time, shared, or just a temporary CFO, we ensure your accounting and financial operations are managed professionally.

Cash flow forecasting

Learn how the decisions you make today impact your cash flow tomorrow.

Detailed reporting

We provide digestible and comprehensive financial reporting, including break-even analysis, variable vs fixed expense reporting, and budget-to-actual reporting.

Debt planning and reduction

Debt is often part of a business’ growth or recovery strategies. We help you optimize your liabilities so they support this growth instead of hinder it.

Labor cost management

You must know as much as possible about your payroll costs. We provide insight and analysis into each aspect of labour costs.

Systems auditing

We oversee existing bookkeeping, payroll, and controller systems to create safeguards and balances to strengthen security and present accurate financials.

Board meeting preparation

When you need to present your company’s finances, be prepared. We prepare the information and provide advice as to how best present it.

Business strategy

After a thorough analysis of your financial environment, we help craft an overall business strategy, giving you the best chance for success.

Risk and crisis management

Be fully aware of risks that could impact your day-to-day operations and learn how to minimize them.

Virtual CFO Services (VCFO Services)

Our Virtual CFO Services are an ideal solution for small and medium-sized enterprises looking for financial data to help grow their business.

Our team of Certified Public Accountants (CPAs) work closely with your teams and you get the benefits of financial leadership and analysis without the time and money spent hiring internally. This allows businesses to manage financial commitments while still receiving high quality support and insights, all online and remote.

If you need financial strategies and direction for your SME, our VCFO Services are for you. Get in touch for our Virtual CFO pricing and rates.

Part Time CFO Services

Part time CFO services, sometimes known as a shared CFO, are perfect for start-ups and SMEs that need the analysis and support of a CFO to grow their business, but are not yet large enough to support a full time CFO. We identify new growth strategies and provide methods to reduce and amalgamate costs - all at a fraction of the price of a full-time CFO.

Just because we are part time doesn’t mean you don’t get the support you need. We work with you to design, implement, and analyze growth plans to reach your goals and make sound financial decisions year-round.

Benefits of an Outsourced CFO

Outsourced CFO advisory services comes with a number of benefits over one in-house, for large, medium, and small businesses, including:

  • Take control of cash flow and projections;
  • Personalize your CFO needs with scalable solutions;
  • Save time on recruiting an in-house CFO;
  • Build a solid financial plan for the future;
  • Protect your profits;
  • Minimize business risk;
  • Get a better ROI;
  • Avoid major financial disasters;
  • Make informed decisions regarding mergers and acquisitions;
  • Grow your company’s wealth.

Improve your business’ profitability while saving time and money with outsourced CFO services from Accountor CPA.

Frequently Asked Questions

What does “CFO” mean?

“CFO” stands for “Chief Financial Officer”.

What does a CFO do?

A CFO is responsible for the company’s past and present financial situation and makes key decisions regarding the company’s financial future.

What types of CFO services do you provide?

Our external CFO services are fully scalable to your business’ needs. We offer Full Time, Part Time, and Virtual CFO services.

How will CFO services help my business?

A CFO is responsible for maintaining a healthy financial situation and making projections and plans for the future. Without a CFO, profitable decisions are difficult to make and the financial situation in a company can become disorganized.

How can outsourced CFO services help in financial management?

A virtual CFO provides a better understanding of the financial side of your business and finds more opportunities to focus on new products, markets, and customers. CFO consulting services work with your accountants, legal team, bookkeepers, and strategists to manage finances, project future budgets, and find ways to best manage your capital so you have more opportunities to make business decisions that will benefit your bottom line.

How much does an outsourced CFO cost?

An outsourced CFO firm often costs less than half the average salary of an in-house CFO, making it a good solution for start-ups and SMEs. Get a custom CFO services proposal from Accountor CPA.

How can I find a good CFO consulting firm?

The best indicator of a good CFO is their experience. Choose a company with good referrals and a high quality client list who isn’t afraid to answer your questions. A qualified CFO advisory firm will include CPAs who specialize in working with SMEs.

What’s the best way to evaluate virtual CFO services?

A virtual CFO, whether shared, part time, temporary, or full time, should be able to:

  • Explain your financial position clearly;
  • Audit and/or set up an accounting system and relevant tools;
  • Forecast cash flow for 12-month periods;
  • Manage cash flow and understand and explain where money is coming from;
  • Create easily-digestible financial reports, including budget-to-actual reports to find gaps in spending;
  • Work directly with investors and lenders to manage credit and financial reputation.

Why should I choose Accountor CPA for CFO services?

Accountor CPA is the choice of businesses across Canada for CFO consulting services. What sets us apart:

  • Years of experience providing CFO services for a wide range of small, medium, and large businesses across North America;
  • Contract CFO services to meet your business’ growing needs;
  • Short-term, long-term, and temporary CFO services are available fully remote;
  • A team of qualified and experienced accountants, CPAs, bookkeepers, and analysts;
  • Working to become an integrated part of your team;
  • Dedication to making your company more and more profitable over time.

Get a CFO services consultation with our team today.