Fractional CFO services for Canadian founders.
Senior financial leadership without the full-time hire. Three-statement forecasting, 13-week cash flow, board and investor reporting, and a CPA who knows your numbers well enough to defend them in the room.
This month's deliverables
On time- 13-week cash flowSent
- KPI dashboardLive
- AR aging + actionsSent
- Board packDrafted
What a fractional CFO actually does
A fractional CFO is an experienced finance executive who works with your company part-time, typically a few days a month, instead of joining as a full-time hire. For a Canadian company between roughly $500K and $20M in revenue, it is the stage where the questions have outgrown a bookkeeper but the salary of a full-time CFO is hard to justify. The work is forward-looking: what the numbers mean, what happens next, and what you should do about it.
The engagement, concretely.
Every item below is a deliverable, not a topic we would be happy to discuss.
Three-statement financial model
P&L, balance sheet, and cash flow projected together, so the model stays internally consistent when you flex an assumption. Built around your actual drivers, not a template with your logo on it.
13-week cash flow forecast
The near-term view that matters when cash is the constraint. Receipts and disbursements timed to reality rather than to invoice dates, refreshed as each month closes.
Scenario modelling
Base, upside, and downside built from the same drivers. Change one input and the whole model moves correctly, so you can answer a board what-if without rebuilding anything.
Board & investor reporting
A monthly or quarterly pack that answers questions before they are asked, written in the language your investors already use.
Variance analysis
Actual against forecast, with the drivers of each variance identified and explained rather than just flagged.
KPI dashboard
Live from your accounting platform through the June software. No re-keying, no month-old spreadsheet.
Fundraise support
Model, data room financials, and the numbers behind the narrative. We have sat on the other side of that diligence.
AR collections & AP planning
Aged receivables with a working action list, and payables sequenced against forecasted cash rather than against whoever emails loudest.
CPA sign-off on every version
Each forecast carries a name, a timestamp, and a trail back to the source figures in your books. That is the difference between a spreadsheet and a deliverable.
This is the part we built a product for.
June's forecasting engine pulls directly from your accounting platform, builds the three-statement projection, runs the variance analysis, and provides commentary benchmarked to the industry, stage, and competition. A CPA then reviews, adjusts, and signs it. That is why a monthly forecast refresh costs you a review rather than a rebuild, and why accounting firms across Canada can license the same platform for their own clients.
When this makes sense, and when it does not.
A good fit if
- You are a Canadian corporation, roughly $500K to $20M in revenue
- You are raising, or you will raise inside 18 months
- Cash timing is a real constraint and you are managing it in a spreadsheet
- You have a bookkeeper but nobody translating the books into decisions
- A lender, board, or investor is asking for reporting you cannot produce quickly
Probably not yet if
- Pre-revenue with no near-term raise, in which case you likely need bookkeeping and tax first
- You need someone full-time and in-house five days a week
- You need US GAAP or SEC reporting, since we work in Canadian standards
- You want personal tax planning, since we prepare corporate returns only
From call to first deliverable.
Discovery call
Thirty minutes. Your goals, your stage, your current finance stack. Scope and flat monthly fee confirmed here.
Read-only access
Your accounting platform, recent monthly financials, AR/AP detail, and sales data. About an hour of your time.
Baseline
We rebuild your numbers, tell you what we found, and put a three-statement model and a 13-week cash forecast in front of you.
Monthly rhythm
Close, forecast refresh, reporting pack, and a working session. Every deliverable signed by a CPA.
Fractional CFO FAQ
What is a fractional CFO?
A fractional CFO is a senior finance executive engaged part-time rather than as a full-time employee. They own the forward-looking financial work: modelling, forecasting, cash management, board and investor reporting, and fundraise support, typically for a flat monthly fee. It is the standard way growing companies get CFO-level judgment before they can justify a CFO-level salary.
How much does a fractional CFO cost in Canada?
Fees are set by scope and stage, and we confirm yours at the discovery call. We bill a flat monthly fee rather than hourly, so the cost is predictable and you are never deciding whether a question is worth the clock. For context, a fractional engagement typically costs a fraction of a full-time Canadian CFO's total compensation package.
When should a startup hire a fractional CFO?
The usual trigger is one of three things: you are preparing to raise and need a model that survives diligence, cash timing has become a constant worry, or a board or lender is asking for reporting you cannot produce fast enough. As a rough guide, that often lands somewhere between $500K and $2M in revenue.
What is a three-statement financial model?
A three-statement model projects your profit and loss, balance sheet, and cash flow together as one linked system, so a change in an assumption flows correctly through all three. It is the standard investors and lenders expect, because a P&L on its own cannot tell you whether you will run out of cash.
What is a 13-week cash flow forecast?
A 13-week cash flow forecast projects your cash receipts and disbursements week by week across roughly one quarter. It is the standard tool for managing near-term liquidity because it is short enough to be accurate and long enough to give you time to act. Lenders and boards ask for it specifically when cash is a concern.
How often is the forecast updated?
Monthly, rolling forward as each month closes. Because the rollforward is automated in our software, refreshing the forecast costs review time rather than rebuild time, so it stays current instead of going stale in a spreadsheet.
Can you work from a model I already have?
Yes. We will either bring your existing model onto our platform or rebuild it if the structure is fighting you. We will tell you which we recommend after looking at it, and why.
What does CPA sign-off actually mean here?
It means every version of the forecast carries the name of the CPA who reviewed it, a timestamp, and a trail back to the source figures in your books. It is not an audit opinion. It is a professional attesting that the numbers tie to the books and the assumptions are documented. That distinction matters to lenders, which is why we build it in rather than bolt it on.
How is a fractional CFO different from a bookkeeper or an accountant?
A bookkeeper records what happened. An accountant reports and files on what happened. A CFO tells you what is going to happen and what to do about it. They are complementary, and because we do all three in-house, the forecast is built directly on books we closed rather than on someone else's chart of accounts.
Is the June software included?
Yes. Fractional CFO clients get the June platform as part of the engagement, which is what produces the live KPI dashboard and the monthly forecast rollforward. You do not pay for it separately and you do not have to learn it, because we operate it.
Find out what this would look like for your company.
Thirty minutes with a CPA. You'll leave with a scope and a fee, or an honest answer that you're not ready for this yet.