Enkel
Enkel is a Vancouver-headquartered Canadian firm, founded in 2016, that provides outsourced bookkeeping, payroll, accounts payable, and fractional controller/CFO services primarily to nonprofits and SMBs across multiple verticals, delivered via a Vancouver-Noida global model on QuickBooks Online and Xero.
- Company typePrivate
- Founded2016
- HeadquartersVancouver, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Enkel does
Enkel (legal entity: Enkel Backoffice Solutions Inc.) is a Vancouver-headquartered, privately held outsourced financial operations firm founded in 2016 by ex-KPMG professionals Pankaj Agarwal and Omar Visram. The company delivers recurring bookkeeping, payroll, accounts payable, fractional controllership, and fractional CFO services to Canadian businesses and registered charities, with a particular concentration in the nonprofit sector. Enkel operates a global delivery model with headquarters in Vancouver and a delivery centre in Noida, India, enabling around-the-clock support across Canadian time zones.
The company's service stack is anchored by monthly accrual-based bookkeeping starting at approximately $1,000 per month, with payroll (from $250/month), accounts payable automation, fractional controller oversight, and fractional CFO services (from $1,200/month) sold as add-ons or as a bundled offering. Service delivery is built on QuickBooks Online and Xero as preferred accounting platforms, augmented by integrations with Shopify, Square, Lightspeed, Plooto, Expensify, Dext, and Rotessa for payment, eCommerce, and document automation. Enkel is SOC 2 Type II certified and operates on no fixed-term contracts with a 90-day cancellation clause, targeting a 30-50% cost saving versus in-house finance staffing for clients.
Enkel serves "hundreds" of Canadian organizations across eight primary verticals: nonprofits and charities (the lead segment), eCommerce, retail, technology, professional services, food and beverage, gyms and fitness studios, and healthcare. Its go-to-market combines direct consultative sales with a partner channel that includes CPA firms, financial institutions, and nonprofit sector organizations such as CharityVillage, CanadaHelps, ONN, and Imagine Canada. Revenue, funding, and detailed financial disclosures are not publicly available; the company appears to be bootstrapped and founder-owned with no recorded institutional investment.
Enkel firmographics
Firmographics- Name
- Enkel
- Legal name
- Enkel Backoffice Solutions Inc.
- Website
- https://enkel.ca
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Enkel is a Vancouver-headquartered Canadian firm, founded in 2016, that provides outsourced bookkeeping, payroll, accounts payable, and fractional controller/CFO services primarily to nonprofits and SMBs across multiple verticals, delivered via a Vancouver-Noida global model on QuickBooks Online and Xero.
- Ownership category
- akta.pro rank
Enkel industry classification
Industry- Product category
- Outsourced Bookkeeping and Financial Operations
- NAICS
- Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121)
- SIC
- Services-Help Supply Services (7363)
- akta.pro primary industry
- Accounting & Bookkeeping Services (BPAHABAC)
- akta.pro secondary industry
- Expense Management & Reimbursements Administration (BPACAIAH)
Keywords
Where Enkel is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Enkel business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Monthly Bookkeeping Services: Recurring monthly subscription for bookkeeping services including financial statements, bank reconciliations, expense tracking, GST/HST filings, and year-end support. Starting at $1,000/month.
- Payroll Management: Payroll processing services as an add-on to bookkeeping, starting at $250/month. Includes payroll processing, tax remittances, year-end T4s/T4As, and compliance support.
- Accounts Payable Services: Accounts payable automation and management as an add-on service. Minimum fee of $250/month.
- Fractional Controller Services: Part-time financial controller services providing month-end close oversight, custom financial reporting, audit support, and covenant reporting. Can be purchased standalone or bundled with bookkeeping.
- Fractional CFO Services: Strategic financial leadership including board reporting, cash flow planning, investor support, and fundraising guidance. Starting at $1,200/month.
- Accounts Receivable/Invoicing: Invoice preparation and follow-up on outstanding receivables. Billed at $125 per hour.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Monthly Bookkeeping - Core Service |
| Subscription | Monthly | Payroll Add-On |
| Subscription | Monthly | Accounts Payable Add-On |
| Unit Pricing | Pay-as-you-go | A/R and Invoicing |
| Subscription | Monthly | Fractional Controllership |
| Subscription | Monthly | Fractional CFO |
| Subscription | Monthly | CFO + Fractional Controllership Bundle |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Enkel product offering
Product offeringCore offering
Enkel provides outsourced bookkeeping, payroll management, accounts payable processing, fractional controllership, and fractional CFO services to Canadian businesses and nonprofits. All services are delivered by financial professionals using cloud-based accounting platforms such as QuickBooks Online and Xero, with a global delivery model spanning Vancouver and Noida. The core service is monthly accrual-based bookkeeping, complemented by modular add-on services.
Product overview
Enkel is a Canadian bookkeeping and financial operations service provider offering a modular service portfolio anchored by monthly bookkeeping, with add-on modules for catch-up bookkeeping, payroll management, accounts payable, fractional controllership, and CFO services. Clients engage the core monthly bookkeeping service and can add payroll, AP, controller, or CFO support as needed. All services are delivered by financial professionals using cloud-based accounting tools (QuickBooks Online and Xero), operating 100% online with a global delivery model spanning offices in Vancouver and Noida, India.
Differentiator
Problem solved
Functional benefit
Products and services
- Monthly Bookkeeping Ongoing accrual-based bookkeeping service delivering monthly financial statements (income statement, balance sheet, cash flow), transaction categorization, bank reconciliations, GST/HST and PST filings, and year-end support for CRA compliance. Starting at $1,000/month.
- Catch-Up Bookkeeping
- Payroll Management
- Accounts Payable
- Fractional Controller
- CFO Services
Quantifiable outcome
- 30-50% cost savings compared to in-house bookkeeping and back office functions
- +3 more outcomes
Companies that use Enkel
Customer profileNamed customers10 records
Segments8 records
Ideal customer profiles3 records
Enkel technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature3 records
Enkel partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- CPA Firms (Various)coreCPA firms, fractional CFOs, and consultants partner with Enkel to provide clients with expert bookkeeping, payroll, and financial management services without adding internal resources. Enkel handles the back-office work while CPA partners focus on advisory services.
- CharityVillagecoreNonprofit sector platform partnership providing thought leadership content and resource sharing for Canadian nonprofits. Includes co-marketing through reports like the CharityVillage Salary & Benefits Report.
- CanadaHelpsminorPartnership with Canadian charitable giving platform to support nonprofit financial operations and promote outsourced bookkeeping services to registered charities.
- ONN (Ontario Nonprofit Network)minorPartnership with Ontario's nonprofit network to provide financial operations resources and expertise to member organizations.
- Imagine CanadaminorPartnership with national charity focused on charitable giving and nonprofit excellence to provide financial management resources to Canadian charities.
- Business and Industry AssociationsminorAssociations and business networks enhance member value by connecting them with reliable accounting, payroll, and financial management solutions through Enkel.
- QuickBooks OnlinecorePreferred accounting software vendor. Enkel is certified in QuickBooks Online and manages client books on this platform for most customers.
- XerocoreSecondary preferred accounting software vendor. Enkel works with Xero as an alternative to QuickBooks for clients who prefer this platform.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Enkel competitors and assessment
Company assessmentDirect peers
- AccountingDepartment.com: AccountingDepartment.com offers outsourced bookkeeping, controller, and CFO services to SMBs and nonprofits globally. Operates a similar fractional services model as Enkel, including industry-specific vertical expertise.
- Bench Accounting: Bench is a tech-enabled outsourced bookkeeping firm that pairs human bookkeepers with proprietary software for SMBs. Closest direct competitor to Enkel, with a similar monthly subscription model, although US-focused rather than Canadian.
- Pilot: Pilot provides outsourced bookkeeping, accounting, and CFO services for startups and growing businesses, combining dedicated bookkeepers with software automation. Highly comparable business model to Enkel across bookkeeping, AP/AR, and CFO layers.
- Bélay Solutions: Bélay provides outsourced bookkeeping along with virtual executive assistance, mirroring Enkel's back-office outsourcing approach. Targets small and mid-sized US organizations needing fractional financial support.
- Wisely (formerly LiveCA): Wisely is a Canadian virtual accounting and bookkeeping firm offering monthly bookkeeping, payroll, and CFO services. Directly comparable to Enkel in geography, vertical coverage, and service menu.
Emerging players
- BooksTime: BooksTime is a US-based virtual bookkeeping service for SMBs and accounting firms, leveraging QuickBooks and Xero. Comparable cloud-delivered bookkeeping delivery model to Enkel.
- Botkeeper: Botkeeper combines AI-driven automation with human bookkeepers to deliver outsourced bookkeeping at lower price points. Represents the technology-first model that pressures traditional service-based peers like Enkel.
Broad incumbents
- BDO Canada: BDO Canada is a large national accounting firm offering bookkeeping, payroll, audit, and advisory services. Enkel's fractional controller/CFO offerings and CRA-compliance work overlap meaningfully with BDO's small business practice.
- 1-800Accountant: 1-800Accountant is a national US-based virtual accounting and tax services firm serving SMBs with bookkeeping, tax, and advisory offerings. Broader scale than Enkel with overlapping bookkeeping services for small businesses.
- KPMG Canada (SMB practice): KPMG is a Big Four firm with Canadian offices and an outsourced accounting/bookkeeping arm for SMB clients. Enkel's founders originated from KPMG, and the firm represents a credible incumbent source of competition and talent.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Enkel social profiles
Digital presenceEnkel compliance and trust
Trust signalCompliance1 record
Enkel financial estimates
Financial estimateRevenue estimate
Valuation estimate
Enkel leadership team
Management profileNumber of profiles
Profiles3 records
Enkel funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Enkel M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Enkel
What does Enkel do?
Enkel provides outsourced bookkeeping, payroll management, accounts payable processing, fractional controllership, and fractional CFO services to Canadian businesses and nonprofits. All services are delivered by financial professionals using cloud-based accounting platforms such as QuickBooks Online and Xero, with a global delivery model spanning Vancouver and Noida. The core service is monthly accrual-based bookkeeping, complemented by modular add-on services.
Is Enkel a public or private company?
Enkel is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Enkel founded?
Enkel was founded in 2016. It employs 51 to 100 people.
Where is Enkel based?
Enkel is headquartered in Vancouver, Canada, in the North America region.
How does Enkel make money?
Six revenue lines are on record. Monthly Bookkeeping Services are the primary driver. The others are payroll Management, accounts Payable Services, fractional Controller Services, fractional CFO Services and accounts Receivable/Invoicing.
Who are Enkel's main competitors?
Direct peers on record are AccountingDepartment.com, Bench Accounting, Pilot, Bélay Solutions and Wisely (formerly LiveCA). Emerging players are BooksTime and Botkeeper. Broad incumbents are BDO Canada, 1-800Accountant and KPMG Canada (SMB practice).
Does Enkel have an API?
No public API is recorded for Enkel.
What industry is Enkel in?
Enkel's product category is Outsourced Bookkeeping and Financial Operations. Its primary akta.pro industry code is BPAHABAC, Accounting & Bookkeeping Services, with a secondary code of BPACAIAH, Expense Management & Reimbursements Administration. Its NAICS code is 54121 and its SIC code is 7363.