KPMG In Canada Introduces ‘Finance Plus’ Cloud Accounting Solution

KPMG in Canada is launching Finance Plus, a new cloud accounting solution designed for small- and medium-sized business owners who lack the time or in-house expertise to manage their bookkeeping and financial reporting. KPMG Finance Plus combines industry-leading financial tools with the personalized support of a dedicated KPMG accountant.

For entrepreneurs, franchisees and multi-site business owners, Finance Plus offers an efficient and affordable way to outsource bookkeeping and financial reporting, all overseen by a live KPMG professional. The new technology platform gives clients visibility and access to a suite of software tools that deliver end-to-end financial services including accounting, bookkeeping, budgeting, daily transactions and payroll and tax services.

As one integrated online hub, Finance Plus streamlines bookkeeping documents and financial data, with timely reporting that helps track and evaluate a company’s financial performance. The easy, single sign-on platform provides access to selected software tools including QuickBooks Online, Xero, Hubdoc, Dext, ADP and Wagepoint. 

A recent KPMG survey found that a majority of Canadians (88 per cent) say small- and medium-sized businesses in Canada have been the economic victims of the pandemic and many continue to struggle due to lockdowns. A further 91 per cent of respondents say the pandemic has shown a real need for Canadian businesses to strengthen their online presence and digital capabilities.

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 

Finance Plus is for entrepreneurs and business owners who:

  • Do not have a dedicated bookkeeper, controller or accountant on staff 
  • Would benefit from standard reporting and analytics 
  • Need help managing financial processes including bookkeeping or payroll 
  • Are currently managing paper-based financials 
  • Want a secure cloud-based solution backed by experienced KPMG professionals 
  • Want better insights and KPIs from their financials 
  • Are using existing bookkeeping software, but considering outsourcing 

Affordable and tailored 

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.

Taking the stress out of tax time

The Finance Plus team will coordinate directly with a client’s local KPMG office to prepare year-end financial statements and complete tax returns. The platform organizes all year-end documentation and flows it seamlessly and securely to a KPMG tax professional. The centralized hub eliminates the need to coordinate with multiple people and locations and track financial information from difference sources. 

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