Services For Profit
KPC Accounting and Management Services is a fully functioning accounting and financial based organization that acts in a consulting manner to help organizations improve their existing finance department and more importantly the information provided on a financial basis related to their operations and the results they are achieving.
Our role is to come in as a consultant but acting as an internal controller that will review your ongoing practices and provide suggestions that we believe will improve the existing structure and reporting processes. Our focus is to improve systems and the flow of information generated from those systems in order to provide management quicker and more timely information that is more accurate and is more defined to the end user (Senior Management or Ownership).
Services that we provide range from basic data entry functions to strategic planning and reporting roles with senior management of an organization. Below are a list of services we currently provide and are as follows:
Finance and Controllership Services
• Internal Controller role – functions/duties of a full time internal controller performed on a part time basis for your organization based on your business requirements while being an economically feasible option.
• Budgeting – development of budgetary templates to full implementation and presentation phases of your budgets with senior staffing and management. We can develop your budgets to meet your staff’s current levels of MS Excel levels of experience. We can develop the budgets for data input by your staff or we can develop the budgets from scratch and update them ongoing as part of the internal controller function above.
• Financial reporting – internal monthly financial statement reporting and development thereof based on your needs as an owner and based on the needs of the company. We will look to report on your financial results using comparisons to budget and previous results based on discussions with senior management and desired outcomes.
• Financial forecasting – management’s input & hypothesis presented for internal management use. Here we can help develop financial cash flows and projections to determine courses of action related to spending, cost savings and other financial decisions that are required to ensure the organization is meeting its goals operationally and to the satisfaction of its ownership.
• Business Plan development – financial forecasts 3-5 year summaries plus monthly breakdowns plus additional areas if required. We are able to create business plans from start to finish based on input of key personnel. We are able to do the whole plan if desired or strictly focus on the financial reporting/plans that are vital to any business plan based on in depth discussions with key personnel.
• Financial restructuring – work with local financial organizations to help refinance/restructure existing debt arrangements if feasible.
• Monthly accounting – Revenue, Receipts & Receivable cycle; Purchases, Payables & Payment cycle; Inventory; etc.
• Income tax returns – personal and corporate (currently limiting our exposure in this area – please enquire with us to see what options are available)
• Policy development – related to internal controls/board governance/financial controls and some basic HR policy. We will work with your company to set up policies and protocols to help guide your operations based on industry norms or based on desired outcomes establish internally by key personnel.
• Analytical review of current and past operations – assess cost efficiencies and make recommendations if and where possible – provide alternatives to existing expenditures in an effort to help reduce costs and maximize profitability – key areas targeted – insurance, group benefits, pensions, labour analysis, etc.
• Project management.
• Internal audits/reviews for managerial purposes to review areas of concern or potential risk.
• Any other areas related to financial reporting and structure. Please enquire and we would be more than happy to meet and provide a synopsis of what we are able to do for you.
Overall KPC has over 24 years of accounting experience in various roles acting as controllers, Directors or other Senior Management positions; including previous business owner/operators.
Experience in the following business sectors:
Restaurant Sector – previous partial owner of Lake House Restaurant plus internal controller for many high end restaurants; Crush Wine Bar, Ruth’s Chris Steak House, Bouchon, George to name a few. Our focus was acting as controllers ensuring costs were maintained and reported monthly operational results to senior management to ensure targets established by management were achieved and to ensure profits to owners were also at an acceptable level given the controls set in place.
Nursing Home and Retirement Home Sector – previously auditor of several organizations in this sector including reports for Ministry Funding, etc. in both the for profit and non for profit sectors.
General Business Sector – small to mid-size businesses – full functioning Accounting office servicing several small businesses that range in various activities from manufacturing to retail. We concentrated on bookkeeping, Government reporting and remittances, payroll, monthly internal reporting, financial statement preparation and other services as requested.