Welcome to CFOs In Action - Your Strategic Financial Partner
At CFOs In Action, we understand that not every business needs a full-time Chief Financial Officer (CFO). That’s why we offer Fractional CFO services, alongside bookkeeping and accounting services, providing you with seasoned financial leadership tailored to your unique needs—without the commitment of a full-time hire.
A one-stop shop for all your accounting/bookkeeping/finance needs !!
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What kind of accounting services do you provide?
We offer a wide range of services from managing your AR/AP, cashflow, profitability, payroll, taxes, regulatory filings to Financial forecasts, cashflow projections, budgeting, financial statements, personal, corporate and tax filings e.t.c.
Why is it so important for businesses to hire a great accountant?
An organization needs an accountant to ensure accurate financial management and compliance with regulations. Accountants play a critical role in tracking income and expenses, preparing financial statements, and managing budgets, which are essential for informed decision-making and strategic planning. They help identify financial trends, assess the organization’s financial health, and provide insights that can lead to enhanced profitability and sustainable growth.
Furthermore, accountants ensure that the organization adheres to tax laws and financial regulations, minimizing the risk of penalties and legal issues. Overall, having a qualified accountant contributes to the financial well-being and operational efficiency of the organization.
What inspired you to start your own business?
At CFOs In Action, we understand that not every business needs a full-time Chief Financial Officer (CFO). That’s why we offer Fractional CFO services, providing you with seasoned financial leadership tailored to your unique needs—without the commitment of a full-time hire.
Why should our clients choose you?
We are a one stop shop for all your accounting/bookkeeping/finance needs !!
Can you provide your services online or remotely? If so, please add details.
Services can be provided online/remotely or even in person. We have the right solution for you, as you need it to be.
Year end corporate tax return
Year end procedures (Notice to Reader)
Full cycle bookkeeping
Accounts reconciliation
GST, PST, HST filing
Monthly/quarterly/annual financial statements
Tax planning and consultation
CPA’s review of taxation to minimize tax liabilities
On-going CRA communications
Payroll management
Deductions and remittance filing
Pay slips and T4 generation
Add/terminate employee services
Financial Strategy Development
Crafting customized financial strategies aligned with business goals
Followed by the implementation plan of action to ensure that the business strategies are imbedded in business plans, processes and forecasts at all levels and departments of the business
Budgeting and Forecasting
Developing annual budgets and financial forecasts to guide decision-making.
Hand holding our clients to implement revising these forecasts on a quarterly, monthly and weekly basis to ensure most accurate financial projections at all times.
Cash Flow Management
Monitoring and optimizing cash flow to ensure liquidity and operational efficiency.
Helping the clients to maintain cash flow projections which are updated on a regular basis
Financial Reporting and Analysis
Preparing and analyzing financial statements to provide insights into business performance
What gets reported, gets noticed and get to improve - therefore, developing a periodic reporting package for the management and executive leadership is of essence to an effective financial management process.
Cost Management and Reduction
Identifying areas for cost savings and efficiency improvements.
Not only identifying but hand holding the clients to implement cost saving strategies
Revisiting the efficiency in processes at all levels and departments of the business
Profitability Analysis
Analyzing profit margins by product, service, or department to enhance profitability.
Developing strategies on how to increase those margins and implementing the plan
Regular monitoring of those plans and performing gap analysis
Risk Management
Assessing monetary and non-monetary risks and developing strategies to mitigate them.
Performing periodic review of those identified risks and analyse the performance of mitigation plans
Capital Structure Advisory
Advising on financing options, including debt and equity capital.
Identifying various options and performing comparative analysis of all available options
Mergers and Acquisitions Support
Working on both buy and sell side transactions
Providing due diligence and financial analysis for merger or acquisition activities
Helping the clients secure financing for M&A activities
Tax Planning and Compliance
Assisting with tax strategy and ensuring compliance with tax regulations.
Investment Analysis
Evaluating investment opportunities and optimizing return on investment (ROI).
Systems and Process Improvement
Streamlining financial processes and implementing accounting systems.
Performing periodic review of all processes and reporting variance analysis with area of improvement
Helping the clients implement improvement plans at all levels of the business
Exit Planning
Preparing businesses for successful exit strategies, whether through sale or succession.
Hand holding the client throughout the process and deliver desired results
Stakeholder Communication
Facilitating communication with stakeholders, including investors, boards, and financial institutions.
Training and Development
Providing financial literacy training to management teams and staff.
Interim CFO Services
Serving as an interim CFO during transitions or procurement processes
Helping the clients setup a regular month/year end closing process
Hand holding clients' teams to close the periods in a time fashion on a regular basis
Financial Health Assessments
Conducting thorough assessments of financial health and providing actionable recommendations.
Performance Metrics and KPI Development
Establishing key performance indicators (KPIs) to track and measure financial performance.
Developing a reporting package for the weekly, monthly, quarterly and yearly reportings
Working with the clients' teams to deliver those reporting packages in a timely fashion
