Frequently Asked Quesions
Here, you'll find answers to some of the most common questions about our services at The Corner Office CFO. Whether you're curious about how we work, what we offer, or how we can support your business, we've got you covered. If you don’t see your question here, feel free to reach out, and we’ll be happy to assist!
Outsourced CFO and Accounting Solutions
What is an outsourced CFO?
Our outsourced CFO and accounting support services provide organizations with expert financial guidance, management, and operational support. We offer the expertise of full-time professionals on a fractional basis, delivering strategic, financial, and day-to-day accounting solutions to help you make data-driven decisions and streamline financial processes – all without the full-time cost.
How do your outsourced CFO services work?
Our services are flexible and tailored to your organization’s unique needs. We start by assessing your current financial processes and understanding your goals, then develop a customized plan to provide the optimal combination of resources and innovative solutions.
How can an outsourced CFO benefit my organization?
Our professionals act as an extension to your team, providing immediate access to financial expertise without the high costs associated with hiring a full-time CFO or accounting team. By outsourcing these services, your organization can make informed decisions, stay compliant, manage cash flow more effectively, and position itself for growth—all while saving time and resources.
What makes TCO's outsourced CFO services unique?
We offer diverse expertise, a team approach, quality review, and a tech-driven focus. We specialize in leveraging technology to provide financial services that meet the evolving needs of modern organizations. By integrating the latest technology to deliver efficient and accurate financial solutions. Our approach ensures clients benefit from the depth of knowledge and collective insight of multiple professionals with full-time coverage without the full-time cost.
What industries do you specialize in?
Our services are not industry specific – we partner with clients who value innovation and are eager to adopt technologies with our expert financial guidance to stay competitive in their respective industries.
What size organizations do you work with?
We support small and medium-sized corporations, and not-for-profits with various sizes and complexities. Our services are tailored and scalable to each unique client, helping you grow and adapt as your financial needs evolve.
Will you do a review or audit engagement or file my taxes.
Due to independence rules, we do not provide assurance work or specialize in tax. Instead, we collaborate closely with those professionals.
FinTech Services
How does TCO use cloud accounting?
TCO leverages cloud accounting to offer flexible, real-time financial management through secure platforms like QuickBooks Online. This approach facilitates remote collaboration, provides timely insights, and integrates with other tech tools to support your business operations.
How does cloud accounting benefit my business?
Just to name a few:
- Accessibility: Access financial data anytime, anywhere.
- Real-Time Data: Make timely decisions with up-to-date information.
- Security: High levels of encryption and security protocols.
- Efficiency: Streamline workflows with tailored app integration.
- Accuracy: Reduce manual errors through AI capabilities and automated tasks.
- Scalability: Easily add features to grow your business.
- Cost: Reduce overhead costs tied to physical storage, backups, and manual processes.
What cloud accounting software does TCO specialize in?
TCO specializes in Intuit’s QuickBooks Online. It is the most popular SME accounting software package on the market today. Leveraging its robust features, extensive app ecosystem and third-party integrations, while remaining scalable and cost effective. Our experts have a wealth of experience and remain up to date on the advances and innovations within the QuickBooks ecosystem.
Can TCO migrate desktop accounting software to QuickBooks Online?
Yes, we have a team of FinTech experts with extensive experience in transitioning clients from traditional desktop platforms like Sage 50, Sage 300, QuickBooks Desktop, and Xero. Our team handles the migration process carefully, ensuring data integrity and minimal disruption to your operations.
What integrations are available with QuickBooks Online?
Our team of experts have tested and implemented numerous applications and integrations for multiple functionalities. If your team uses a specific tool, we’ll research integration possibilities so you can keep systems you’re familiar with while gaining our support. Overwhelmed by the options? Our team can guide you in selecting and integrating the best applications for your needs, building a tech stack that enhances productivity and aligns with your workflows.
How does TCO help businesses adapt to automation?
We’re here to provide end-to-end support—from assessing your business needs and setting up your systems to configuring integrations and training your team. Our expertise ensures a system implementation and conversion, allowing you to benefit from the latest tools and support.
Will my team need training to use cloud accounting?
Yes, but don’t worry—our team will provide tailored training to get your team comfortable with the new systems. We’re here to guide you through the setup, help with initial onboarding, and provide ongoing support as your team navigates and optimizes cloud accounting.
How do you ensure my organization’s information stays secure?
Security is a top priority. We use advanced encryption, strong and complex passwords, secured portal for file sharing, and rigorous internal controls to safeguard your financial data. Our team is trained on confidentiality protocols, and we work with trusted software providers to ensure your data is always protected.
Onboarding and Support
How do I get started with TCO?
To get started, fill out the form on our Contact page, and one of our experts will reach out to you to determine your needs and if we can assist you.
I’m not located in Regina. Does my location matter?
No, we work with organizations across Canada. Through cloud accounting and accessibility tools, we can support clients remotely without any disruptions.
What is the onboarding process like?
Our senior professionals personally meet with every new client to understand their business, identify potential ‘pain points,’ and discuss goals and challenges for growth. This thoughtful approach ensures we’re fully aligned with your expectations from the start, making it easy for us to integrate with your team and start adding value immediately.
How are TCO’s services priced?
Our pricing is customized to fit each client’s specific needs and circumstances. Following a thorough assessment by our senior professionals, we develop a proposal designed to address your unique requirements, so you receive a tailored engagement rather than a one-size-fits-all service package.
Are contracts required?
Yes, all service levels require a signed contract before starting to clearly outline the scope, terms, and conditions of the engagement. The term length of the engagement may vary depending on the scope of work.
What kind of support does TCO provide after onboarding?
Each client is supported by a dedicated team of professionals providing full-time coverage. Our team focuses on delivering consistent, dependable communication ensuring we meet all deadlines and milestones. This commitment ensures that your organization receives the expertise it needs to thrive.
Team and Expertise
What qualifications and experience do TCO team members have?
Our team includes a diverse range of professionals, from junior accountants and controllers to financial analysts and CFOs, with over 150 years of combined experience across industries.
Our Chartered Professional Accountants (CPAs) are in good standing with CPA Saskatchewan engaging in continuous professional development to stay informed on industry trends and regulatory updates. Additionally, we bring specialized knowledge in cloud accounting and FinTech, allowing us to provide up-to-date financial solutions that fit your needs.
How does TCO ensure the quality and expertise of its team?
TCO maintains high standards for quality and expertise with:
- Rigorous Hiring Practices: We seek out professionals with both technical skills and client-centered mindsets to ensure alignment with our values.
- Ongoing Training and Education: Our team regularly participates in industry-leading training programs to stay at the forefront of accounting practices, technology, and financial management.
- Collaborative Team Approach: By leveraging the expertise of multiple professionals on each client account, we ensure a comprehensive review process that minimizes errors and maximizes insight.
- Quality Assurance Protocols: We employ structured quality review processes to maintain accuracy, consistency, and compliance across all financial deliverables.