KPMG Canada Launches Finance Plus Cloud Accounting Platform

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KPMG Canada Launches Finance Plus Cloud Accounting Platform

New bookkeeping platform now available, with the ‘plus’ of a KPMG professional

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By Mary Jo Fedy, National Enterprise Leader, KPMG in Canada

KPMG has introduced Finance Plus, a new bookkeeping and financial reporting platform tailored to the needs of Small and Medium-sized Enterprises (SMEs), offering industry-leading financial tools and the support of a ‘live’ KPMG accountant.

We created Finance Plus for entrepreneurs, franchisees and multi-site business owners to provide an efficient and affordable way to outsource bookkeeping and financial reporting, all overseen by a KPMG professional.

The new cloud technology platform gives access to a suite of software tools that deliver end-to-end financial services including accounting, bookkeeping, budgeting, daily transactions, payroll and tax services. These select tools include QuickBooks Online, Xero, Hubdoc, Dext, ADP and Wagepoint.

Finance Plus is designed for entrepreneurs who want to focus on running their growing business, and don’t have the time or in-house expertise to manage their bookkeeping.

The platform features all the advantages of managing your finances securely in the cloud, with the accuracy and reliability of a KPMG professional. Each Finance Plus customer is assigned a highly trained and experienced KPMG virtual accountant, backed by our firm’s professional network of trusted business advisors.

We recently conducted a survey which found that a majority of Canadians (88 percent) say SMEs have been the economic victims of the pandemic and many continue to struggle due to lockdowns across Canada. A further 91 percent of respondents say the pandemic has shown a real need for Canadian businesses to strengthen their online presence and digital capabilities.

For more than a year, few business owners have been able to escape the economic stresses of the pandemic, and those who have accelerated the shift to digital are better positioned to succeed.

Whether a business is currently thriving, secure or challenged, owners need an affordable technology solution that provides an accurate picture of the health of their business in real time. Finance Plus gives our clients immediate access to data and insights which can drive efficiencies and potential cost savings.

When a business outsources its accounting function to KPMG, we put our people and services to work, freeing up business owners so they can stay laser focused on their business and make more informed financial decisions. That’s critical in the current economic climate.

Finance Plus features these services . . .

  • Daily transactions
  • Digitized bookkeeping
  • Accounts payable/receivable
  • Payroll management
  • Budgeting
  • Management reporting
  • GST/HST and provincial sales tax
  • Bank and credit card reconciliation 

Pricing is tailored to a client’s budget and unique business needs, with the ability to scale up as a business grows. The Finance Plus platform can also seamlessly integrate with a client’s existing cloud software for easy onboarding, while providing timely reporting that tracks and evaluates a company’s financial performance.

We are currently onboarding Finance Plus clients, which is enabling these businesses to go completely digital and access information 24 hours a day. We have a team of KPMG accountants in place, ready to work with SMEs across Canada to deliver an efficient and affordable digital accounting solution, with personalized service for greater quality control. Learn more about KPMG Finance Plus.

Mary Jo Fedy, the National Enterprise Leader for KPMG in Canada, has over 30 years’ experience in public practice and has focused on serving privately held companies and owner managed businesses. As a KPMG Enterprise business adviser, Mary Jo serves her clients in such areas as financing, budgeting, strategic planning, attestation services, tax planning and tax compliance.

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