JMY Accounting Services
Empowering your financial success, one number at a time.
At JMY Accounting, we utilize the latest technology and automation tools to streamline processes and reduce manual labor. This allows us to offer cost-effective solutions without sacrificing quality. Our team of highly skilled and experienced professionals will work with you to identify areas where we can cut costs and optimize your financial operations.
JMY Accounting service is customizable to your specific needs and can include bookkeeping, payroll, tax preparation, financial analysis, and more. We pride ourselves on providing timely, accurate, and reliable financial information to help you make informed business decisions.
By partnering with JMY Accounting, you can expect to see an average cost savings of 25% compared to the expense of having your own accounting and finance department. This means more money in your pocket to reinvest in your business and drive growth.
Contact us today to learn more about how we can help you achieve cost savings and optimize your financial operations.
Fractional Accounting and CFO Services
Using fractional CFO services can provide several benefits to a company.
Firstly, it can be cost-effective as you only pay for the time and services you need, rather than the overheads of a full-time CFO.
Secondly, it provides access to experienced financial professionals who can provide strategic insights and help drive business growth.
Thirdly, fractional CFO services can provide flexibility and scalability, allowing your company to adapt to changing business needs.
Finally, it can provide unbiased and objective advice, helping to ensure that financial decisions are made in the best interests of the company. Overall, fractional CFO services can provide a valuable resource for companies looking to optimize their financial management without committing to a full-time CFO.
This type of service allows companies to access experienced financial professionals on an as-needed basis, providing flexibility, scalability, and cost-effectiveness.
Why a JMY CFO? JMYs CFO are required to have an MBA and a finance background. Chief Financial Officers are so much more than what a CPA is trained to do. Whereas Accountants are backward looking ( to give an account), a good CFO is fully trained in accounting and trained in every aspect of business functions, markets, strategy, present well, build complex financial and statistical models and be forward looking. Hence the requirement of an MBA.
Supplementing your management team, with a JMY fractional CFOs provides oversight of the accounting and planning function, taking on a strategic role, working closely with your senior management team.
JMYs ‘fractional’ arrangements are flexible and fully scalable to suit businesses of all sizes and at all stages of development
- Redefine accounting processes
- Develop insightful financial reporting
- Expense reduction strategies
- Business performance measurement
- Assistance in preparing for and supporting financial requests
- Financial and operating systems and procedures implementation
- Assets operating and capital expansion options
- Develop restructuring strategies for increased growth or downsizing
- Evaluating new business opportunities
- • Financial and statistical modelling, IIR, NPV, CAPM, Utilization, non linear, etc
Fractional Controller Services
Your on-call Controller will oversee all matters related to your company’s financial health. Our Controller, under the guidance of our CFOs, play a versatile role taking care of day-to-day accounting functions while working as your financial advocate to make data-driven recommendations to improve your bottom line. Some examples of what a Controller can do:
- Oversee all aspects of bookkeeping
- Implement accounting software and establish chart of accounts
- Prepare monthly financial statements and/or management reports
- Prepare and analyze budgets and cash flow projections
- Create accounting policies and procedures
- Develop business cases for strategic changes
- Conduct financial due diligence
- Regularly monitor compliance requirements
- Update financial plans & models
- Perform break-even analysis
- Prepare for annual reviews and audits
- Prepare year-end file for tax return
- Accounting software training
Fractional Bookkeeping Services
A bookkeeper ensures your financial records are accurate, up-to-date and comprehensive so that you can focus on growing your business. A bookkeeper is an important asset to any growing business. All of our Greysuits bookkeepers are supervised by a GreySuits Controller. This ensures the quality of your bookkeeping work and removes the challenge faced by owners/entrepreneurs of trying to manage an accounting resource without the accounting background. Using part-time supervised bookkeepers also saves your company the overhead cost of a full-time employee. Some examples of what a Bookkeeper can do:
- Implement accounting software and establish chart of accounts
- Perform accounts payable (AP) and/or accounts receivable (AR) duties
- Record your day to day accounting transactions in AP, AR and the General Ledger
- Government remittance and filing (GST/HST, PSD, WSIB & EHT administration)
- Reconcile bank accounts, credit cards and general ledger
- Annual audit preparation
- Payroll administration
Controller Services
Bookkeeping Services
Accounting Administrator
Payroll Services
Using our payroll services can save you time and money. Our experienced professionals can handle all aspects of payroll processing, from calculating your employee wages and taxes to issuing paychecks and submitting payroll taxes, eliminating the need for in-house payroll staff. This can save you money on salaries and benefits, as well as reduce the risk of errors and penalties for noncompliance.
In addition, our payroll services utilize efficient and automated processes, such as direct deposit and electronic tax filing, to save time and streamline operations. This frees up your staff to focus on other important tasks and can ultimately boost productivity and profitability.
Overall, outsourcing payroll to our trusted and reliable services can provide significant cost and time savings, while ensuring accuracy and compliance. Contact an JMY payroll expert now to start saving your company money.