Virtual Controller Service

Elevate your business growth with our virtual controller services as we manage financial oversight and compliance

What are Virtual Controller Services

At TMP our Virtual Controller Services go beyond traditional financial management. A Virtual Controller acts as the financial steward for your business, leveraging advanced technology and expertise to provide comprehensive financial control without the need for a physical presence.

In essence, a Virtual Controller oversees and manages your financial operations remotely, ensuring accuracy, compliance, and strategic financial planning. From meticulous bookkeeping to strategic financial analysis, our Virtual Controllers are dedicated to optimizing your financial landscape.

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Benefits of Hiring a Virtual Controller

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Cost Efficiency

By opting for virtual services, you eliminate the need to hire a full time CPA and associated overhead costs.

Expert Guidance

Access to seasoned professionals who bring a wealth of experience in financial management, compliance, and strategic planning.

Real-time Insights

Stay informed with up-to-the-minute financial data, allowing for agile decision-making and proactive financial management.

Scalability

As your business grows, our Virtual Controller Services seamlessly scale to meet your evolving needs, ensuring continued financial stability.

CRA Compliance

We’ll help your oragnization navigate the complex Canadian tax and regulatory environment.

Business Guidance

Data-Driven Insights: Leverage insights for strategic decisions driving business growth in the Canadian market.

Focus on Core Business functions

Unburden Your Team, With expert financial oversight, your team can focus on core functions, boosting overall productivity.

Asset protection

A virtual controller will help your business adapt internal controls to protect your business assets and help deter waste, ineffeciencieis and theft.

Virtual Controller Services Tailored for Your Business

Our team at TMP collaborates closely with each client to gain a deep understanding of their business operations, challenges, and goals. This personalized approach allows us to design and implement Virtual Controller Services that align seamlessly with your business objectives.

Bank Reconciliations

Ensure clarity and accuracy as we meticulously clear and match all bank and credit card entries.

Financial Statement Preparation

From internal use to project-based and third-party financial statements, we adeptly prepare documents tailored to your specific needs.

Specialty Reports Preparation

From union filings and WSIB reports to EHT filing and more, we handle the preparation of specialty reports, ensuring compliance with diverse regulatory requirements.

Payroll Services

Streamline your payroll processes with services covering paystub issuance, direct deposit facilitation, source deduction management, T4 issuance, and comprehensive employee records maintenance.

External Auditor Collaboration

Facilitate seamless collaboration with external auditors, ensuring the preparation of financial statements that meet the requirements of banks and investors.

CPA Consultation

Tap into our CPA consultation services for expert insights on cost control, budget variance analysis, industry trends, and an outlook tailored to your business.

CRA Tax Filings

Trust our expertise for accurate and timely submissions of GST/HST, Corporate tax, Payroll, and other essential filings to the Canada Revenue Agency.

Internal Controls

Safeguard your assets, including inventory, cash, and capital assets, with our assistance in establishing robust internal controls.

Budgeting and Forecasting

Plan for the future with confidence by optimizing resource allocation and financial efficiency through our meticulous budgeting and forecasting services.

How onboarding a Virtual Controller works

Asset protection

Understand your business and financial goals.

Service Tailoring

Create a customized virtual controller plan.

Data Security

Ensure robust data protection measures.

Strategic Planning

Collaborate on strategic financial planning.

Adaptability

Adjust services as your business evolves.

CPA Consultation

Offer ongoing expert consultation in-depth financial analysis, cost control, and industry trend insights.

Assessment

Analyze current financial state and needs.

Implementation

Execute agreed-upon tasks like reconciliations and tax filings.

Monitoring and Reporting

Continuously monitor transactions and provide regular financial reports.

Compliance Management

Ensure adherence to financial regulations and timely tax filings.

Continuous Improvement

Seek feedback and enhance processes.

End-of-Period Review

Evaluate performance and make adjustments as needed.

Industries we serve

Technology and E-Commerce

Construction

Retail

Health and Wellness

Financial Services

Real Estate and Brokage

Digital Currency

Professional Corporations

Why Us

Financial Education

We prioritize educating our clients, equipping them with the knowledge to make sound financial decisions for their future success.

Seasoned Experts

Our experienced team offers deep expertise, ensuring reliable and comprehensive solutions for all accounting and tax needs.​

Personalized Solutions

Tailoring our services to each client's unique circumstances, we deliver customized solutions that address specific goals and challenges effectively.​

Modern Approach

Embracing cutting-edge technologies and innovative methods, we provide efficient and forward-thinking accounting and tax services to meet the demands of today's business landscape.​

FAQ

Virtual Controller Services involve the remote management and oversight of your business’s financial functions. Our team, based in Canada, leverages advanced technology to provide services such as bookkeeping, CPA expertise, and strategic financial control without the need for a physical presence.

Hiring a Virtual Controller offers several advantages, including cost efficiency, access to expert guidance, real-time insights, and scalability. Our services are designed to enhance financial control and contribute to the long-term success of your business.

We understand that every business is unique. We tailor our Virtual Controller Services to meet the specific needs and challenges of each client. Through close collaboration, we craft personalized solutions that align with your industry requirements and business goals.

Accurate bookkeeping is crucial for maintaining financial stability. It provides a clear and organized record of your financial transactions, enabling informed decision-making. Our systematic and detailed approach ensures transparency and compliance with Canadian financial standards.

Regulatory compliance is a top priority for us. Our CPA services include a commitment to staying up-to-date with the latest Canadian financial regulations. We ensure that your financial practices align with the standards set forth by Canadian authorities.

Our CPA services extend to comprehensive tax planning and optimization strategies. We proactively work to minimize tax liabilities, identify opportunities for deductions, and provide a roadmap for long-term tax efficiency, ensuring your business thrives in a tax-efficient manner.

Our virtual controllers go beyond basic financial oversight. They provide in-depth financial analysis and contribute to long-term strategic planning. By aligning financial goals with your overall business objectives, we help chart a course for sustainable growth.

Our CPAs offer a range of services, including reviewing and analyzing bookkeeping records, providing year-end adjusting and closing entries, preparing year-end financial statements and reports, and remitting government year-end reports such as Corporate Tax, T4s, and T5s. Additionally, they provide valuable recommendations for enhancing business efficiency and sustainability.

Our part-time CFOs/Controllers manage your business finances through bank reconciliations, cash reconciliations, internal controls (theft prevention and asset protection), inventory controls, internal financial reports, and company performance analysis.

  • Industry Experience: We match you with candidates experienced in your industry.
  • Flexibility: Professionals can work on-site or off-site at our GTA offices, providing the flexibility your organization needs.
  • Expert Support: Bookkeepers receive support from professional accountants (CPAs) for handling more complex transactions.
  • No Long-Term Obligations: You have the flexibility to reassign or replace unqualified candidates without long-term commitments.

Yes, our service is designed to accommodate various needs. Whether you require part-time, full-time, or project-based professionals, we can tailor our services to meet your organization’s unique requirements.

We thoroughly vet and verify the qualifications and experience of our candidates to ensure they meet the standards required by your organization. Our goal is to provide you with professionals who are well-suited to your specific needs.

Absolutely. We understand that different organizations have different needs. Whether you require a hands-on approach or prefer professionals to work independently, we can customize the level of involvement to suit your preferences.

Our CPAs have diverse industry expertise. During the matching process, we consider your industry specifications to ensure that the assigned CPA is well-versed in the specific challenges and nuances of your business sector.

While our GTA offices provide a local option, our services extend beyond the GTA. We offer flexibility in on-site or off-site arrangements to cater to organizations both within and outside the Greater Toronto Area.

As per CPA Ontario and CPA Canada’s requirements we are obligated to complete a minimum of 20 Professional Developemt hours per year to stay up to date with the latest developments in our profession. We ensure that our team is well-informed about the latest industry standards, keeping your business in compliance with all relevant regulations.

Yes, our service is adaptable. As your business evolves, you have the flexibility to switch between part-time and full-time professionals to meet the changing demands of your organization.

We prioritize the security of your financial information. Our professionals adhere to strict confidentiality and data security protocols outlined by ITSG-33. Additionally, we implement advanced technologies and encryption methods to safeguard your sensitive data.

During the matching process, we take into account the specific financial management requirements of your organization. This ensures that the assigned CFO/Controller has the expertise and skills needed to effectively manage your business finances.

Certainly. We encourage organizations to schedule consultations to discuss their specific accounting needs. This allows us to understand your requirements better and tailor our services to meet the unique challenges of your business.

Our professionals are adaptable to various accounting software. If your organization already uses specific software, our professionals can seamlessly integrate into your system. Alternatively, we can provide recommendations based on your needs.

Yes, we can provide references and case studies upon request. We are proud of the positive impact our professionals have had on various organizations, and we are happy to share these success stories with you.

How much does TMP charge for a Business Plan?

Basic

Monthly bank Reconcilation upto 2 accounts, Payroll 3-5 employees, Annual Budget preparation, Corporate tax filing, GST/HST filing, one-on-one meeting every quarter

$850 /per hour

Expert

Monthly bank Reconcilation upto 5 accounts, Payroll 6-10 employees, Annual Budget preparation, Corporate tax filing, GST/HST filing, one-on-one meeting every month, internal controls implementation

$1,500 /per hour

Premium

Monthly bank Reconcilation upto 8 accounts, Payroll 11-20 employees, Annual Budget preparation, Corporate tax filing, GST/HST filing, one-on-one meeting every month, internal controls implementation, tax planning and corporate structure

$3,000 /per hour

Custom

Please fill in this questionnaire and we’ll get back to you with a quote

$1,500 +HST

Next Steps

Step 1

Please fill in this questionnaire

Step 2

Schedule a consultation with one of our CPAs to receive a final quote and a checklist of the required data.

Step 3

Upload requested data onto cloud folder shared

Let’s collaborate!

Have a question, an idea, or just want to learn more about Triple M Professional Corp.? We’re all ears. Fill out the form or Email us and we’ll connect with you soon.

Markham Office
905-237-6424
675 Cochrane Dr East Tower 6th Floor, Markham, ON, L3R 0B6
Toronto Bay Street Office
416-333-1116
401 Bay Street, 16th Floor Toronto, ON, M5H 2Y4
San Francisco Office
415-366-5667
590 California Street 16th Floor, San Francisco, CA 94104
New York Office
212-651-9101
555 Madison Ave 5th Floor Manhattan,
NY 10022
Toronto King Street West Office
416-333-1116
100 King Street West, Suite 5600, Toronto, ON, M5X 1C9
Markham Office
905-237-6424
675 Cochrane Dr East Tower 6th Floor, Markham, ON, L3R 0B6
Toronto Bay Street Office
416-333-1116
401 Bay Street, 16th Floor Toronto, ON, M5H 2Y4
San Francisco Office
415-366-5667
590 California Street 16th Floor, San Francisco, CA 94104
New York Office
212-651-9101
555 Madison Ave 5th Floor Manhattan,
NY 10022
Toronto King Street West Office
416-333-1116
100 King Street West, Suite 5600, Toronto, ON, M5X 1C9