100% remote (online) and paperless for optimal efficiency & client ease
QUALITY BOOKKEEPING &
Don't know how or where to start bookkeeping for your business?
We'll set you up with the right software, customization, and basic training.
We'll make sure you're properly established & represented with the required government bodies.
Problems with your current bookkeeping? Backlog and catch-up work?
No problem - we'll get you caught up and keep your business on the right track.
Looking to optimize your tax position, cash-flow & profits? Wanting to understand the financial impact of different decisions (e.g. should I lease or buy? New or used? Should I hire or subcontract?) All while keeping your business as audit-proof as possible?
At MBBC we'll answer your questions, provide expert advice, and manage your bookkeeping & month-to-month accounting requirements so that you can focus on what you do best.
We believe in developing long-term mutually beneficial business partnerships, and to that end we provide friendly & supportive communication.
A Virtual CFO (Chief Financial Officer), also known as an outsourced CFO, is a financial professional who provides financial management services to a company on a part-time or project basis. The Virtual CFO may work remotely, using technology to communicate with the company's leadership team and financial staff.
The primary role of a Virtual CFO is to help a company manage its finances, make strategic financial decisions, and optimize its financial performance. This may include tasks such as developing financial forecasts, analyzing financial statements, creating and managing budgets, overseeing accounting and bookkeeping functions, and providing financial guidance and advice to executives and stakeholders.
Virtual CFOs are often engaged by small or medium-sized businesses that do not have the resources to hire a full-time CFO. They can also be useful for larger companies that require specialized financial expertise for specific projects or initiatives. By engaging a Virtual CFO, companies can access high-level financial expertise without incurring the costs associated with a full-time executive position.
Mastery Bookkeeping and Business Consulting operates as Virtual CFO for its clients (we're much more than "just a bookkeeper"). Services may include
Profit & cashflow coaching and consulting
We'll work with your organization's key stakeholder(s) regarding goals and strategies to achieve them
Planning, budgeting and forecasting
Project plan management - we'll implement strategies, monitor the progress, and drive course corrections as required
Strategic direction, management & oversight of your record keeping & accounting procedures
Process improvement and workflow optimization (using technology, best practices, benchmarking, training, and more)
Financial reports & customized managerial reports (including key performance indicators)
Analyzing, interpreting and reviewing financial data with ownership & management (and providing metrics-driven input & advice)
Coordinating & communicating with other 3rd parties for tax planning, financial modelling, etc. (e.g. tax accountants, auditors, lawyers, commercial real estate agents)
Maintaining compliance with regulatory bodies & developing internal company controls to prevent fraud