When you partner with The Live CFO, you don’t have to worry about having to make drastic changes to your existing accounting infrastructure or having to spend money on restructuring.
Once we come on board, our team makes an audit of the existing system and reduces your administrative costs and increases systemic efficiency by incorporating automation and outsourcing your back-office services.
Once the process is underway, we provide you with a weekly and monthly management report, that is customized to be completely unique to your business, and vastly improves the smooth operation of your business activities, while complying to head-office requirements.
Budgeting and Forecasting
For many of our clients, The Live CFO has become a full-service, virtual finance team; not only have we undertaken all their accounting functions, but we’ve also managed their budgeting and forecasting as well.
Our carefully hand-picked team assists our clients in preparing monthly and annual budgets which can be easily compared against the actuals, for strategic decision-making, on a monthly basis.
While preparing the budgets, we also mentor businesses to explore their strategic plans and play out multiple scenarios to help them make the right decisions. All these services (and more) are what await you when you bring us on board!
Pricing & Costing Modules
We understand the value of accurate costing, especially for growing companies. Once The Live CFO team has studied your organization, our cost accountants are able to construct models that can identify product costs and come up with competitive scenarios to enter and grow your market share.
For online businesses dealing with Amazon, eBay, and other ecommerce platforms, we also provide guidance on promotional aspects and other key services to help you remain competitive in a global market.
Key Performance Indicators
Measuring and monitoring business performance and setting objectives is critical but focusing on the wrong key performance indicators can be detrimental to a business’ success, if not disastrous.
This is why we invest time and resources to coach and mentor growing companies on setting up KPIs by carefully studying their objectives, thus enabling owners and decision-makers to better understand, evaluate and take corrective action, to achieve a great performance.
We’re not just about accounts, we’re into auditing too! However, should you decide to continue your auditing with your existing external auditing firm, we undertake to work smoothly and efficiently with them, ensuring that you meet your deadlines in a timely manner, while setting your mind at ease.
The Live CFO also undertakes to represent you in the event your tax reports (whether GST, HST, Payroll taxes or Corporate taxes) are audited by the Canada Revenue Agency, and to negotiate the best possible outcome on your behalf.
Ecommerce CFO Services
You’ve worked hard to build a successful e-commerce business on various platforms – and in today’s digital landscape, with the level of global competition that exists, that’s certainly no mean feat.
We’re here to back you up – whether it’s by processing large numbers of transactions on a daily basis, or by recording transactions and providing accurate reporting by region and/or product, we guarantee to be the support team you’ve dreamed about.