There are many factors to consider when starting a new business; managing finances can be a task that often requires the help of a full-time employee. We remove the need to add an extra department by helping you choose your business type, organizational structure, licensing, and government expenses and regulations. From bookkeeping to taxes, we walk you through each step and tailor our services to your business needs.
We completely handle your business finances and regularly communicate with management to discuss your books and records. Balance sheets are periodically reviewed for accuracy, unusual activity, and to ensure your equity reflects your business structure. From top-to-bottom, we provide a complete accounting outsource solution that includes everything from bookkeeping and administration to annual financial statements and advice.
We invoice and process your business records, while reviewing and providing recommendations to improve your current procedures in accounts receivable. Through analyzing past payment trends, we recognize potential collections issues and suggest ways to accelerate returns.
With our services in processing, data entry, analysis, and advice in employee compensation, we seamlessly manage your payroll and T4 preparations. We work with your payroll services provider to review cheques, entries, and reports for each pay period and ensure the information processed matches the data given. Everything is entered into your accounting system, so you can easily access and review payroll details.
We review, process, and record your purchase invoices and accounts payable data to ensure that vendor payment terms are maximized. Invoices are recorded in the proper ledger account and are analyzed to determine any trends in recurring expenses or long-standing payables.
Whether you require short-term or long-term assistance, we tailor our services to meet your specific needs and budget. We review revenues and expenses, cost of goods sold, and items such as bad debt and depreciation/amortization. Reports are provided to management and government agencies in a timely manner, and include data such as payroll source deductions, GST remittances, PST remittances, corporate tax return preparation, and corporate tax installments.