Whether you are just starting out or have an established business looking to grow, our goal is to provide you with the knowledge you need to make informed financial decisions.
What would your business look like if you could make informed decisions?
Would you continue to run your business on "instinct" with your hands in too many pots and books that are sloppier than a a toddler who just smashed spaghetti…
...with no clue how to clean up the mess because you've been burned one too many times by financial professionals and tools that fail to deliver?
Or would you partner with a firm that doesn’t stop at bookkeeping, but takes a deep dive into your entire business model, industry, and customers to help you identify and eliminate problems before they rear their ugly heads…
...so that you can stop treading water and lead your rapidly growing company with confidence?
is this you?
- 1 Feeling overwhelmed as your revenue reaches new heights. You started out wanting to just help people.
- 2 Running a successful practice came with a side of uncertainty on how to manage your finances.
- 3 Aware that running a successful practice comes with a price. You’ve invested a lot of effort in growing your practice and you want a financial partner to make sure you’re doing things right.
- 4 Growing so fast that things (and MONEY) are slipping through the cracks. You can’t keep up with all the moving financial pieces.
- 5 You need advice on when to hire, how to grow, and how to make sure you’re getting paid for the work you’re putting in.
- 6 Ready to get some of your TIME back. You can’t manage everything anymore and you don’t want that responsibility. You may be ready to step fully into the CEO role.
- Have peace of mind that a team of experts is handling your money management, allowing you to focus on what you do best.
- Worry less about whether you're making the most of the money you've worked so hard to earn - your finances will be working for you, helping you achieve the lifestyle you've always dreamed of.
- Think about the time you'll save by having a team handle your bookkeeping and budgeting. No more last-minute scrambling to get everything in order or not being clear on what you can afford.
- Have an expert service that not only helps you keep accurate financial records, but also provides valuable insights that allow you and your tax professional to identify and take advantage of tax minimization opportunities.
- Have the satisfaction of paying your team well, having space to breathe without feeling the constant pressure of worry about payroll, and feeling confident that your business is financially healthy.
Fractional CFO and Financial Controller Services
Fire your accountant and work with a team that does more than bookkeeping.
WE SUPPORT CEOS SO YOU CAN STRATEGICALLY GROW A BUSINESS THAT SUPPORTS YOUR TEAM, FAMILY, AND COMMUNITY THROUGH A HOLISTIC APPROACH TO BUSINESS FINANCIAL MANAGEMENT.
We help your business contain costs, create rigorous processes for growth, retain great personnel, and increase margins to not only drive growth, but drive efficient growth.
We work side-by-side with you and your team to eliminate challenges and seize opportunities through comprehensive, ongoing analysis of your financial health so that you have the knowledge you need to amplify your results.
Key services include:
+ Bookkeeping, or strategic direction, management & oversight of your company's bookkeeping (and other record keeping & accounting procedures)
+ Process improvement and workflow optimization (using technology, best practices, benchmarking, training, and more)
+ We'll work with your organization's key stakeholder(s) regarding goals and strategies to achieve them
+ Project plan management - we'll monitor the progress, and drive course corrections as required
+ Planning, budgeting and forecasting
Profit & cashflow coaching and consulting
+ Financial reports & customized managerial reports (including key performance indicators)
+ Analyzing, interpreting and reviewing financial data with ownership & management (and providing metrics-driven input & advice)
+ Coordinating & communicating with other 3rd parties for tax planning, financial modelling, etc. (e.g. tax accountants, auditors, lawyers, commercial real estate agents)
+ Maintaining compliance with regulatory bodies & developing internal company controls to prevent fraud
+ increasing profitability through cost cutting measures
+ provide insight into new growth opportunities and investments
+ increasing profitability through cost cutting measures
this service is for you if ..
YOUR COMPANY SIGNIFICANTLY SCALING.
UNDERSTAND THAT YOU MUST INVEST FOR HELP
YOU’RE READY TO BE A BOLD LEADER.
YOU KNOW SOMETHING IN YOUR LIFE HAS TO GIVE, AND IT CAN’T BE YOU.
YOU’RE AFRAID YOUR BUSINESS WILL CRUMBLE IF IT KEEPS GROWING SO FAST.
ARE READY TO EXPERIENCE EXPONENTIAL GROWTH, AND YOU NEED TO ASSEMBLE A DREAM TEAM TO GET THERE.
LEARN MORE ...
MEET AND DISCUSS
Our team begins by understanding your business, your widget, and your issues. What’s holding you back? Where are there opportunities for refinement?
PLAN AND FORMULATE
We go to work setting up or improving systems and processes - payroll, invoicing, bill-paying, and all of the other must-dos and then begin working through your existing problems. Within the first three months of working with Lola Financial, you'll have a stringent plan to grow.
EXECUTE AND EXCEED
Execution begins and ends with rigorous reporting to measure growth as it happens. A healthy, growing business is naturally dynamic, and regular changes can be a sign of prosperity. As you scale, our team scales with you, helping to refine your business practices day-to-day and month-to-month.
Former corporate turned small business accountant and advisor. Mother of 4, fianée, first-generation immigrant and an all around boss lady.
I’m a senior accountant, business advisor, interior design fanatic and super mom. With extensive experience serving as an accountant and strategic advisor to many of LOLA's clients, I have helped many entrepreneurs and startup founders grow their business through smart financial management and tailored bookkeeping and accounting solutions.
I hold both a Bachelor’s of Science in Business with a Specialization in Accounting and a Master of Business Administration from Capella University in Minneapolis. Soon after graduating I launched Lola Accounting and Tax, which is self-funded, grown 100% organically and debt-free.
I founded LOLA out of the desire to take the hard work my parents put in as immigrants from the third world who worked tirelessly in a country that always viewed them as second class citizens to provide for me, to another level. A level that will break the generational curse of financial insecurity not only to my family but to everyone LOLA serves.
But, something wasn’t quite right. Categorizing transactions, reconciling accounts, running payroll, and preparing tax returns made good money, but it wasn’t fun. And, it definitely wasn’t fulfilling. Very few of my clients were truly thankful for my help and that was, in a way, exhausting.
Believe it or not, in the accounting world, that’s a somewhat controversial opinion. Accountants view themselves as numbers-people. We take financial data, rearrange it, and prepare it to be used for tax returns, management reports, and financial audits. Maybe we give clients tips here or there. Or, answer a few questions that have nothing to do with numbers. But, we definitely don’t give advice.
Yet, without even knowing you, I’d bet you crave your accountant’s advice. The numbers are nice. You appreciate the tax return keeping the IRS off your back. But, you want advice. You need help navigating the business of running a business. 9 times out of 10, you call your accountant with general business questions and concerns. How can I make more? Am I saving enough? Why is there never any money left in my bank account at the end of the month? Which retirement account do I open? Should I hire some employees? Am I charging enough? …and so on…
I realized that I love that part of the job. I love helping business owners talk through the problems in their business. I enjoy talking to clients, discussing their issues, giving targeted advice, and hearing about their success. I live for helping clients improve their businesses, make more money, and sleep better at night.
I’d loved consulting all along. I just didn’t call it that yet.
I want to help your business. I want to help it grow and become more profitable. I want to help systemize it so you can live your life instead of burning the midnight oil. I want to talk your ear off about saving for retirement so you don’t wind up working until you’re 75 (unless you want to, of course).
My goal is helping business owners, like you, build better businesses (and lives) that they can be proud of.
are fractional CFO services
This is for you if…
You are a mission-driven businesses with annual revenue of at least 500k.
Your finances are becoming more complex and it's getting tougher for you to manage.
You've been winging it in the finance department and that's no longer sustainable.
This is not for you if…
You are not willing to make the investment in your development for exponential growth.
You are not willing to feel the discomfort of putting in more effort and trying new things.
You have a product based business with multiple owners or investors and are looking to exit within the next 5 years.
PEACE OF MIND GUARANTEE
to you ...
When you partner with Lola to manage your business finances, you’ll experience peace of mind knowing that you have an executive-level partner who understands the unique needs and challenges of your business. Together, we’ll uncover the exact strategies you need to steer your business towards the next level of growth... and beyond.
The service I provide is highly personal and will depend on your current situation. I am not an “adviser” that you will hear from once a month, I become part of your team.
WHAT ARE YOUR FEES?
For the price of a senior-level accountant, you can have an entire team working fractionally.
Service contracts start at $1497/month.
Incredible change takes time, and our contracts require a 12-month commitment.
CAN I CUSTOMIZE SERVICES?
Yes! We are a fractional CFO firm which means we can customize portions of our packages to fit our client's needs.
Depending on the level of customization, a different investment may be required. Please do not hesitate to let us know what you need to thrive and be successful in your business. If we offer that customization, we will happily add it for you.
WHAT ACCOUNTING SOFTWARE DO YOU USE?
If you need to complete a bookkeeping project, we will clean up your books in Quickbooks Online.
If you do not have Quickbooks, you can get it here: https://quickbooks.intuit.com/
What if I need tax prep?
We do not offer tax services however, we work directly with some amazing tax experts and will gladly refer you to them!