Fractional CFO Services for Growing Businesses

A fractional CFO provides executive-level financial leadership on a part-time or flexible basis. This can include financial reporting, cash flow planning, budgeting, forecasting, KPI dashboards, investor support, board reporting, pricing analysis, and strategic guidance for growth decisions.

A bookkeeper records transactions and keeps financial data organized. An accountant typically handles tax, compliance, and financial statements. A fractional CFO focuses on higher-level financial strategy, analysis, forecasting, capital planning, profitability, cash flow, and decision support.

Fractional CFO support can be adjusted based on your needs. Some businesses need light monthly reporting and forecasting, while others need deeper support for fundraising, dashboards, cash flow management, board reporting, or strategic finance projects. We can tailor the scope around your business stage and goals.

Yes. We can help prepare investor-ready financial models, forecasts, KPI summaries, use of funds, pitch deck financial content, valuation support, and due diligence materials. This helps founders present clearer numbers and a stronger financial story to investors, lenders, or strategic partners.

The working structure depends on the scope of support. Most engagements include scheduled check-ins, shared financial files, reporting updates, forecast reviews, KPI tracking, and practical recommendations. We work remotely and keep the process simple, organized, and focused on useful financial decisions.

We work with startups, small businesses, growing SMEs, and established companies. Fractional CFO support is especially useful for businesses that are not ready for a full-time CFO but still need senior financial guidance, stronger forecasting, better reporting, or funding preparation.

Yes. We can work alongside your existing accountant, bookkeeper, or internal finance team. Our role is to add CFO-level analysis, planning, forecasting, reporting structure, and strategic financial guidance while your accounting team maintains the underlying records and handles its existing responsibilities.

Mikel Consulting provides fractional CFO services across Canada, with in-person availability from our Vancouver office and remote support nationwide. We serve businesses in Vancouver and the Lower Mainland, Toronto and the GTA, Calgary, Edmonton, Montreal, Ottawa, Winnipeg, Hamilton, Halifax, and Kitchener–Waterloo. Most reporting, forecasting, and strategic finance work runs through virtual meetings, shared files, and cloud-based collaboration. We also support Canadian companies with U.S. operations.

As a starting guide, light advisory support is typically CAD $1,500–$3,000 per month; ongoing monthly CFO support is CAD $3,000–$6,000; and growth, fundraising, or transaction support is CAD $6,000–$12,000+ per month. The actual quote depends on reporting quality, complexity, deliverables, and how closely we work with your team. One-time projects are quoted separately.

Yes. We can coordinate financial planning for a Canadian company setting up or operating a U.S. entity, including CAD and USD forecasts, cash flow, and reporting across both businesses. We work with your Canadian and U.S. tax and accounting advisers on applicable CRA and IRS filing requirements and reporting standards, including IFRS or U.S. GAAP where relevant. If your business is based in the U.S., see our U.S. fractional CFO services.

Outsourced accounting keeps the books accurate and current. A fractional CFO uses those numbers to forecast, plan cash flow, assess pricing and profitability, and support decisions. If your monthly close is late or the numbers are unreliable, we would address the accounting foundation with your team before relying on it for CFO-level analysis.

Many engagements can begin within one to two weeks of the discovery call, once the scope is agreed and the required financial information is available. We typically start with a review of your existing reports and priorities, then work toward a usable forecast or dashboard during the first month. Timing depends on the condition of the underlying data and the agreed scope.

A typical first month focuses on reviewing financial information and improving the reporting baseline. In month two, we build or refine a rolling forecast, cash flow view, and the KPIs most useful to your business. By month three, those tools support decisions such as pricing, hiring, expansion, or funding. The sequence is tailored to your priorities and the quality of your starting data.

Often, yes, especially with a lighter scope focused on cash flow, forecasting, and a few important decisions. For a business below roughly $1M in revenue, accurate bookkeeping and a good accountant may be the better first investment. A one-time finance project or occasional advisory session can also be more practical than a monthly CFO retainer.