What We Do

Your Virtual Accounting Team for Non-profits

OTUS Financial Solutions offers CFO and general accounting services specifically designed for non-profits. We streamline your day-to-day operations, allowing your organization to scale and operate seamlessly.

We support your non-profit’s key operational decisions allowing you to focus on your mission. Whether acting as a strategic partner as your organization grows and expands or helping you maintain compliance, we adapt to your needs.

CFO Services
General Accounting

Ever wished you had access to a financial expert but thought it was too expensive?

Our Virtual CFO (VCFO) service offers the financial expertise you need without the full-time cost. We become part of your team, bringing clarity to your financial data and helping you make informed decisions.

Why Choose Our VCFO Service:

  • Affordable: Expert financial advice without the price of a full-time CFO.
  • Seamless Fit: Our VCFOs quickly integrate with your team to provide support.
  • Flexible: No long-term commitments—get the guidance you need when you need it.

Financial Health Checks

Regular reviews of financial statements to ensure accuracy and identify areas requiring attention.

Strategic & Long-Term Planning

Executive-level financial guidance, including budgeting, cash flow forecasting, and variance analysis to support sustainable growth. We attend executive and board meetings to provide insights and help make informed financial decisions.

Forecasting, KPI Development & Reporting

Customized financial forecasts and key performance indicators (KPIs) to track and improve financial health, ensuring financial data is clear and actionable for management.

Financial Relationships & Risk Management:

Managing banking relationships, negotiating financing, optimizing investments, and identifying financial risks to protect your organization’s financial future.

Audit Assistance & Compliance

Streamlined support for year-end audits, ensuring compliance with regulatory and reporting requirements, while facilitating smooth communication with external auditors.

Process Optimization & Technology Integration

Identifying opportunities for improving financial operations and integrating the right tools for efficiency, reducing manual processes, and enhancing accuracy.

Investment Management & Negotiation

We handle annual reviews of your banking and investment arrangements, negotiate terms with banks, and ensure your investment strategies align with your risk tolerance and financial goals.

Education, Coaching & Financial Sustainability

Empowering your team with financial knowledge through coaching, and offering long-term planning for nonprofit sustainability, including grant management and diversified income strategies.

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General Accounting Services

Expert Accounting Services Tailored for Nonprofits

We understand that nonprofit financial management can be complex and time-consuming. Our comprehensive accounting services take the burden off your team, ensuring your finances are accurate, compliant, and optimized for growth.

What We Do for You:

Day-to-Day Financial Management

We handle daily tasks such as posting transactions, processing receipts and payments, managing bank transfers, and reconciling accounts, ensuring everything runs smoothly behind the scenes.

Strategic & Long-Term Planning

We track all revenues, including deferred revenues, so you always have a clear picture of your financial inflows.

Payroll & Benefits Management

We verify payroll accuracy, ensure benefits are allocated correctly, and make sure all changes in staff and salary are communicated to your benefits provider.

Month-End Reporting

At the end of each month, we prepare financial reports, including any project-related entries, and present these to the vCFO for review.

Audit & Compliance Support

We make sure you’re always prepared for audits, gathering all necessary documentation in advance, and ensuring your financial operations meet all regulatory requirements.

Budget Assistance

Working closely with your vCFO and executive team, we help develop your annual budget, providing forecasts and ongoing budgetary support.

Custom Financial Insights

We prepare financial statements, analyze your performance, and provide insights that help you make informed decisions for the future.

A/R & A/P Management

We manage accounts receivable and payable, generating reports and following up on outstanding invoices so that your cash flow stays healthy.

Government Reporting & Compliance

From HST filings to other regulatory requirements, we make sure your nonprofit stays compliant with government reporting.

Process Optimization

We review your financial policies and recommend improvements to streamline your financial management processes.

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Why Choose OTUS Financial Solutions Over a Traditional Employee?

Cost-Effectiveness

  • No costs for benefits, training, or overhead.
  • Flexible service packages tailored to your needs.

Expertise and Specialization

  • Access to a team of nonprofit accounting specialists.
  • Deep knowledge of the non-profit sector, CRA reporting, compliance, and revenue planning.

Scalability and Flexibility

  • Services adjust as your nonprofit’s needs change.
  • Support for busy periods or specific projects without hiring hassles.

Continuity and Stability

  • Consistent service with a dedicated professional.
  • Avoid disruptions and costs associated with staff turnover.

Hassle-Free Onboarding

  • Smooth and efficient integration into your operations.
  • Immediate value and support without ramp-up time.

Advanced Technology

  • Utilization of the latest cloud-based accounting software.
  • Real-time access to financial data and insightful reporting.
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Our Clients

Canuck Place Children’s Hospice
Air Transport Association of Canada
European Association for International Education
Canadian Association of Occupational Therapists
Association of Consulting Engineering Companies
United Way Ottawa
Sport Systems
Laurysen Kitchens
Ottawa Food Bank
Canadian Owners and Pilots Association
Child Welfare League of Canada
Canadian Museums Association
Canadian Bureau for International Education
Canadian Hatching Egg Producers
The Ottawa Mission
Perley Rideau Foundation
Canadian Water and Wastewater Association
City View Centre for Child & Family Services
Quest Canada
Forum for International Trade Training
Canadian Thoracic Society
Canadian Mental Health Association
Helicopter Association of Canada
Habitat for Humanity
Arnprior Regional Health Foundation
Canadian Business Aviation Association
Canadian Centre for Ethics in Sport
Ottawa Regional Cancer Foundation
Families Canada
BioTalent Canada
Safe Software
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