Our Bookkeeping Services
Initial Setup
We can set up your books from scratch at any time or we can take over from another accountant/bookkeeper or even if you did your own books and used a former version of Sage Simply Accounting or Quick Books in the past.
Accounts Payable
We enter your vendor's bills into our accounting system and keep track of the due dates and balances to make sure you are current with all payments. At the end of the month, we provide you with a detailed report on how much you've spent for each vendor and how much you still owe.
Accounts Receivable
Let's improve the efficiency of your customer invoicing with our system and receive your payments faster. If you wish we can mail these invoices and sent customer statements out at the end of every month to improve your cash flow. A monthly customer report will show you who owes you money, how much and who is a late paying customer.
Payroll Service
It doesn't matter if you have one or one hundred employees. We set them up for you and your payroll can be done weekly, bi-weekly, semi-monthly or monthly including the timely remittance report to the government. We take care of T4's at the end of the year and of the Record of Employment (ROE), when an employee is terminated.
GST Report
Before the due date of your GST Return comes up, we provide you with a printed report, where your payment is calculated.
End-of-Month Reports
Once a month your bank accounts and your business credit card accounts should be reconciled to give you a true picture of your financial position. Of course, we do that for you and we also prepare every month a year-to-date trial balance sheet for you, as a financial statement. Other financial statements are readily available for your bank on request.
Year-End Preparation
At the end of the fiscal year, we perform the companies year end procedure where certain accounts have to be prepared for the new coming year. Here is where everything needs to be reviewed to make sure that all allocations are correct and to get ready for the business or corporations tax return. If you wish to involve a certified accountant we can put a package together for him/her, what saves the accountant a lot of time and you a lot of money. The most important financial statements, the Balance Sheet, the Income and the Profit/Loss Statements will be distributed for your own records and discussed with you because only with the right information you're gonna become more profitable.
Business Assessment
Is your company profitable? Do you really know?
The business assessment is a great tool in separating you even further from your competitors. We as your Profit & Growth ExpertsTM provide you with detailed information that you have never received before about the strengths and weaknesses of your company and how to apply solutions specifically tailored to your needs.
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