Simplifying your financial management needs
We’re here to make your numbers work for you. Explore our services, and discover how we can take the stress out of financial management so you can focus on running and expanding your business. We understand that not all businesses are created equal, and our services can be tailored to meet your specific needs.
Fractional Finance Partners
Our experience, combined with the fractional nature of our services, allows clients to receive the support they need at a fraction of the cost. We work with clients to tailor our CFO and controller services based on the individual needs of each business.
Fractional CFO and controller services can be bundled with our other services (i.e., accounting and bookkeeping).
Fractional CFO
A Chief Financial Officer is an essential part of any business. Throughout our careers, we have worked with numerous businesses, and we understand the importance of the financial oversight position. We provide value by stepping into the strategic leadership role of a CFO to help you plan, monitor and drive your financial results forward!
Our services, among others, can include:
- Budgeting and cash flow management
- Basic strategic planning and forecasting
- Financial KPI monitoring
- Project tracking and reporting
- Year-end audit or review preparation
- Investor/Board reporting packages
- CRA compliance
Fractional Controller
A good controller can make all the difference in the value behind the numbers. This key member of any finance team ensures financial statement accuracy and efficient accounting processes.
Our services, among others, can include:
- Oversight of the day-to-day financial operations
- Monthly closing of the books
- Internal financial preparation and reporting support
- Bank reporting, including covenant calculations
- Budgeting and cash flow management
- Project tracking and reporting
- Year-end audit or review preparation
- CRA compliance
Accounting and Bookkeeping
Bookkeeping is more than simple data entry. Proper bookkeeping requires detailed financial oversight to generate accurate results. Our team is committed to bringing you meaningful reporting.
Month-End Bookkeeping
We’ll handle month-end bookkeeping tasks as required, providing clear reports to empower you to make informed decisions about the business.
Our services, among others, can include:
- Bank and credit card activity recording
- Monthly account reconciliations
- Monthly financial reporting
- GST/HST/PST filings
- QuickBooks Online support
Day-to-Day Accounting
Get ongoing support with your daily financial operations. We manage your accounts payable and receivable processes and provide real-time financial figures, so you can make empowered decisions for your business.
Our services, among others, can include:
- Month-end bookkeeping tasks
PLUS - Accounts payable management
- Accounts receivable oversight and recording of deposits
- Regular email updates with key financial information (customized to your needs)
- Payroll
Project-Based Services
One-Time Projects
Have you been postponing a project, thinking you will tackle it eventually but never quite coming around to it? Are you feeling stuck and in need of further guidance? We’re ready to take on one-time projects to get your books in order and transform your accounting processes.
Our services, among others, can include:
- Accounting services cleanup
- Tax filings catch-up
- Employee taxable benefit compliance reviews
- Preparation of information to support your year-end audit or review
- Accounting policies and procedures set-up
- Implementation of QuickBooks Online
- QuickBooks Online support
- Audit support
- Grant / government funding reporting support
"Two-Hour" Consultation
Want to make sure your financial records are in order? Our two-hour consultation service is perfect for business owners who manage their books or want to verify their bookkeepers' work. We can help provide insight into your business and guidance for steps forward.
We can help provide insight into your business and guidance for steps forward with the following:
- 30-minute introductory call
- Comprehensive QuickBooks review
- Assessment report
- Client review
- 30-minute follow-up call
Frequently Asked Questions
What types of businesses do you specialize in?
We specialize in working with small to mid-sized businesses across various industries, including real estate investment, service-based companies, construction, manufacturing, retail, and nonprofit. Our experience with businesses at different stages of growth allows us to provide tailored financial solutions that meet your specific needs, whether you’re just getting started or looking to scale.
What is Fractional CFO, and how can it benefit my business?
Working with a fractional CFO provides you with high-level financial expertise without the cost of a full-time C-suite executive. Our fractional CFO services provide you with a business partner that can provide strategic financial guidance to help you oversee and expand your business.
How does Para Financial’s bookkeeping service differ from traditional bookkeepers?
Unlike traditional bookkeepers, who focus on recording transactions, our services go beyond by providing you with CPA oversight to ensure the accuracy of your financial information. We focus on ensuring that your financial data is not only accurate but also meaningful, helping you make informed decisions that drive your business forward.
In addition, many bookkeepers work as solo practitioners, leaving you high and dry when they are unavailable. Our team ensures seamless coverage so you’re never left wondering where things are at.
What are your pricing models?
Recurring services are either billed based on hourly rates or can be set up on a monthly plan, depending on the needs and complexity of the business.
Project-based services will be quoted at the beginning of the engagement. Any deviations in the project scope will be discussed with you prior to time incurred to avoid any surprises.
How do I know which service is right for my business?
Give us a call! We would love to discuss your financial service needs with you.
Can you prepare the review or audit-level financial statements required by my lender or other third party?
We do not prepare or issue review or audit-level financial statements. If you need more than internal financials for a lender or third party, we will manage the year-end process for you and either refer you to a partner firm to prepare your financial statements and taxes or work with your existing firm to make the process as seamless as possible.
How quickly can Para Financial start working with my business?
We understand that timely financial management is critical for your business. Once you contact us, we’ll be in touch to schedule an initial consultation to understand your needs, outline a tailored action plan, and discuss timelines.
Do you process payroll?
We have a Payroll Compliance Professional on our team who can either help oversee the payroll process with your chosen provider or manage every aspect, including setting up new hires, ensuring payment of source deductions, and issuing ROEs upon termination.
