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.

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 Services
We set up all your employees and the 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. We can also prepare a cheque and submit the payment to the CRA.

Month-end Reports
Once a month we reconcile your bank/credit cards accounts to give you a true picture of your business' financial position. We also prepare every month a year-to-date Trial Balance Sheet as a financial statement. Other financial statements are readily available for you on request.

Year-end Preparation
At the end of the fiscal year, we perform the company's year end procedure where certain accounts must 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.

Catch Up Work

If your books are a little or a lot behind, we can get them caught up for you in addition to providing ongoing service. To determine a price for that work, which is normally less than the ongoing cost because we do it all at once, just give us a call and we can provide an estimate and let you know what we would need to give you an exact quote and an exact deadline for getting it done.