Customized Accounting Outsourcing Services for CPA Firms in Canada

Harness the Power of the Global Talent Pool With Canadian Accounting Expertise

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Why You Should Choose Us?

When it comes to outsourcing your accounting and bookkeeping services, choosing the right partner is crucial. Here’s why CPAs trust us to handle their back-office needs:

By partnering with us, you gain a trusted ally who understands the challenges of managing accounting and bookkeeping tasks for your clients. We take care of the details, so you can take your firm to the next level.

Let us handle the numbers — so you can focus on what matters most: your clients and your business growth.

Expertise You Can Rely On

With 15 years of experience in the accounting industry, we bring specialized knowledge in accounting, bookkeeping services. Our team is made up of skilled professionals who are not only well-versed in Canadian accounting standards but also stay updated with the latest regulatory changes, ensuring compliance and accuracy.

Cost-Effective Solutions

Outsourcing your accounting needs to us means you get high-quality services without the overhead costs of maintaining an in-house team. Our flexible pricing models are designed to fit your budget while delivering exceptional value and efficiency. This allows you to focus on growing your business while we handle the back-office tasks.

Scalable Services

Whether you're a small firm or a large CPA practice, we offer scalable solutions that grow with your business. From basic bookkeeping to complex financial reporting, we tailor our services to meet your unique needs. You can easily scale up or down based on your client workload, providing you with the flexibility you need in today's fast-paced market.

Confidentiality & Security

We understand the sensitive nature of financial data. That's why we prioritize confidentiality and implement strict data security measures to protect your clients’ information. Our cloud-based systems use encryption, multi-factor authentication to ensure your data is always secure and accessible only to authorized personnel.

Time-Saving Efficiency

Our streamlined processes and advanced technology help us deliver fast, accurate results so you can focus on high-value activities like client consultations, advisory services, and strategic planning. By outsourcing your routine tasks to us, you save time and reduce the risk of errors, ensuring that your business operates more efficiently.

Dedicated Support

We believe in building long-term relationships with our clients. That’s why we offer dedicated, responsive support to ensure all your needs are met quickly and effectively. Our team is always available to answer your questions, provide guidance, and assist with any challenges that may arise. Your success is our priority.

Seamless Integration

Our services integrate smoothly with your existing workflow. Whether you use cloud accounting software, spreadsheets, or any other tool, we ensure a seamless connection with your systems, minimizing disruptions and enhancing productivity. We work in tandem with your team to make sure everything runs smoothly.

Focus on Quality

We don’t just focus on getting the job done — we focus on doing it right. Our commitment to quality ensures that your clients’ financial records are always accurate, up-to-date, and ready for review. We use best practices and a meticulous approach to ensure the highest standards of work.

Canadian Focused Managed Accounting and Bookkeeping Services.

Accounting Services

  • Preparing financial statements
  • Year-end adjusting journal entries
  • General ledger scrutiny
  • Analytical review and variance analysis
  • Preparation of excel schedules and working papers to support financial statements
  • Preparing year-end management accounts
  • Updating compliance forms
See full pricing details

Bookkeeping Services

  • Recording invoices (Purchase/Sales)
  • Preparing aging reports and summaries
  • Payment/collection recording
  • Bank account reconciliations
  • Credit card reconciliations
  • Inventory reconciliations
  • Fixed assets accounting
  • Month end closing and reporting
See full pricing details

Training Services

  • Xero Training:
    Master the essentials of Xero, from setup to advanced financial reporting, ensuring efficient financial management.
  • QuickBooks Training:
    Gain proficiency in QuickBooks, covering company setup, customer and vendor management, and advanced features.
  • Excel Training:
    Enhance your Excel skills, from basic functions to advanced data analysis and automation techniques.
See full pricing details

Let’s Get to Know

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    Our Accounting & ERP Ecosystem.

    We work with all the major Cloud Accounting, Accounts Production, and ERP platforms. Our rich ecosystem of partners include.
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    Transform Your Financial Operations Into a Smart, Cost Efective, and Efficient Growth Engine.

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    Our Footprints

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    Years Industry Experience
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    Strong
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    Accounting firms trust us across the globe
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    Tax & Financial Statements prepared
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    Frequently Asked Questions.

    1. What types of accounting services do you provide to CPAs?

    We offer a wide range of accounting services to support CPAs, including:

    • Bookkeeping and financial statement preparation
    • Payroll processing and compliance
    • Financial analysis and reporting
    • Audit support and preparation of working papers
    • Assistance with financial software implementation (Xero, QuickBooks, Sage, etc.)
    2. Do you provide outsourced bookkeeping services for CPAs?

    Absolutely! We offer outsourced bookkeeping services tailored to your clients’ needs, helping to streamline daily accounting tasks. Our services include:

    • Recording daily financial transactions (sales, purchases, expenses, etc.)
    • Maintaining ledgers and journals
    • Bank and credit card reconciliations
    • Accounts payable and receivable management
    • Preparation of monthly financial statements
    • Data entry and managing payroll records
    3. How do you ensure the accuracy and compliance of financial reports?

    We follow strict accounting standards and best practices to ensure accuracy and compliance with Canadian Accounting Services.

    • Regular internal audits and quality control checks
    • Detailed reconciliation of accounts
    • Thorough review of financial statements and working papers
    • Ongoing staff training to stay current with the latest accounting standards, and software
    4. Do you help CPAs with preparing financial statements and working papers?

    Yes, we specialize in preparing financial statements and working papers that meet CPA standards for review, audit, and compliance. We assist with:

    • Compilation and review of financial statements for individuals, businesses, and non-profits
    • Creating detailed working papers that support financial statements, including trial balances, bank reconciliations, and supporting schedules
    5. What industries do you specialize in for accounting services?

    We provide accounting services across a wide range of industries, including:

    • Real estate and construction
    • Retail and e-commerce
    • Professional services (lawyers, consultants, doctors, etc.)
    • Manufacturing and wholesale distribution
    • Non-profit organizations
    • Hospitality and tourism
    • Technology and startups
    6. How do you charge for your accounting services?

    At Orakor, we offer flexible pricing options to suit your business needs:

    • $2,900 per month for the full-time equivalency of one employee, providing 150 hours of work per month.
    • $4,950 per month for the full-time equivalency of two employees, offering 300 hours of work per month.
    • Custom Pricing for clients requiring more than 300 hours of commitment per month, tailored to your specific requirements.

    These options ensure you get the level of support you need, whether it’s for a single employee’s dedicated effort or a scalable team to manage larger workloads. Contact us to discuss your needs and find the right plan for your business!

    7. How do you ensure the confidentiality of client information?

    Confidentiality is a top priority for us. We follow strict protocols to protect sensitive financial data, including:

    • Secure cloud-based storage systems with encryption and multi-factor authentication
    • Restricting access to confidential information to authorized personnel only
    • Signing non-disclosure agreements (NDAs) with our staff and contractors
    8. What software do you use to provide accounting services?

    We are proficient in a wide range of accounting software platforms to meet the needs of different businesses, including:

    • QuickBooks (Online and Desktop versions)
    • Sage 50 (formerly Simply Accounting)
    • Xero
    • Wave Accounting
    • FreshBooks
    • Microsoft Excel for financial modelling and reporting
    • QuickBooks Payroll for payroll management We can also assist with software setup, training, and integrations, ensuring a seamless workflow for your clients.
    9. Can you help CPAs with financial forecasting and budgeting?

    Yes, we offer financial forecasting, budgeting, and strategic financial planning services. Our services include:

    • Creating detailed financial forecasts and projections based on historical data
    • Developing realistic budgets to guide business operations
    • Helping CPAs create models for different financial scenarios (e.g., best case, worst case)
    • Offering advice on cash flow management and capital allocation
    10. How does your sales and onboarding process work for new clients?

    Our onboarding process is designed to ensure a smooth transition and set clear expectations. It includes:

    • A discovery meeting to understand your specific needs and requirements
    • Defining the scope of services and customizing a plan for your firm
    • Setting up access to relevant financial systems and software
    • Reviewing your existing financial processes and systems
    • Training staff (if necessary) and providing ongoing support
    • Establishing communication channels and setting timelines for service delivery
    11. How long is your sales and onboarding process?

    Typically, our onboarding process can be completed within 2 weeks.

    12. Do you offer remote or virtual accounting services?

    Yes, we offer remote and virtual accounting services for CPAs. With the use of cloud-based software, secure file sharing, and video conferencing tools, we can provide services from anywhere. This allows us to efficiently support clients across Canada and internationally.

    13. How can I get in touch with your team to discuss our needs?

    You can reach us in the following ways:

    Contact Form: Fill out our online contact form on our website

    14. How does your Free Trial work?

    Our 10-hour, no-obligation Free Trial is designed to give CPAs a clear understanding of the quality and reliability of Orakor’s services. During the trial, you’ll experience firsthand how we handle your accounting needs. If you decide not to proceed after the trial, simply let us know via telephone or email—no strings attached. It’s our way of helping you make an informed decision, risk-free.

    15. What is your billing cycle?

    Our billing cycle runs from the first to the last day of each month. Invoices for the completed month are issued on the first business day of the following month.

    16. What are your usual payment terms?

    Our standard payment terms are 14 days.

    17. What is meant by “Grace Period” on your pricing page?

    The Grace Period is designed to provide new clients with additional flexibility during the initial stage of our services. For example, the Popular Choice package includes a 2- month Grace Period, with a minimum spend of $725 per month for up to 37.5 hours of work.

    Here’s how it works:

    If you hire us starting January 1st, the Grace Period will apply for January and February. During this time:

    • If we work less than 37.5 hours in a month, your invoice will reflect the minimum spend of $725.
    • If we work more than 37.5 hours, the fee will be prorated. For instance, if Orakor works 75 hours in January, your invoice will be $1,450.

    This policy ensures you only pay for the work you need as we establish a working relationship.

    18. How will Orakor manage the time gap between Canada and Sri Lanka?

    We have implemented several strategies to ensure seamless communication and efficient collaboration despite the time difference:

    • Flexible Working Hours: Our team operates on flexible schedules to align with Canadian business hours as required. This ensures we are available during key working hours in your time zone.
    • Efficient Communication Channels: We use reliable communication tools like email, video conferencing, and instant messaging (Microsoft teams) to keep the lines of communication open and prompt.
    • Proactive Planning: We plan meetings, deliverables, and updates to fit into your workday, minimizing disruptions and ensuring timely feedback and support.

    Our approach ensures the time difference becomes an advantage, enabling work to continue even outside standard Canadian business hours.

    19. How will I know for certain that I can reach the Orakor team in an emergency, as the Orakor operations team is based in Sri Lanka?

    While our operations team is based in Sri Lanka, Orakor’s customer service team and one of our co-founders are in Winnipeg, Manitoba. We provide a Canadian telephone number and email, monitored Monday to Friday from 9 AM to 5 PM. Our customer service team ensures that all communications are promptly relayed to our operations team in real-time, guaranteeing seamless support whenever you need it.