Bookkeeping Services
We provide professional bookkeeping services for Canadian businesses. Day-to-day bookkeeping is handled by our dedicated bookkeeper and reviewed by a CPA to help ensure your accounting records are complete, accurate, and prepared in accordance with accounting and tax requirements.
Based on your business activities, we maintain organized accounting records that support corporate income tax returns, GST/HST filings, payroll, financial statements, and CRA reviews or audits, allowing you to focus on running your business.
The following are answers to some common questions about our bookkeeping services.
What Does Your Bookkeeping Service Include?
Our bookkeeping services generally include:
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Setting up an accounting system based on your business needs
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Recording income, expenses, and other financial transactions
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Maintaining accounts receivable and accounts payable records
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Monthly bank reconciliations
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Monthly credit card reconciliations
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Preparing financial statements as requested
How Do You Ensure the Quality of Your Bookkeeping?
We follow a structured bookkeeping and review process. Financial information provided by our clients is organized, recorded, and reconciled, and the bookkeeping work is reviewed by a CPA.
Complete and accurate accounting records not only support the day-to-day management of your business but also provide a reliable foundation for tax filings and financial reporting.
How Often Do You Provide Bookkeeping Services?
For most businesses, bookkeeping is performed on a monthly basis.
Businesses with a higher volume of transactions may require weekly or more frequent bookkeeping.
Management reports can be prepared monthly, quarterly, or semi-annually, depending on your business needs. Quarterly reporting is the most common.
What Documents Do I Need to Provide?
Common bookkeeping records include:
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Bank statements
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Credit card statements
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Sales records
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Purchase and expense receipts
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Customer payment records
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Supplier payment records
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Other financial records related to your business
Can You Take Over Bookkeeping From My Current Accountant or Bookkeeper?
Yes.
If your bookkeeping is currently handled by another accountant or bookkeeper, we can assist with the transition.
Before taking over, we review your existing accounting records and coordinate the transfer of relevant financial information to help ensure a smooth transition.
What If My Books Are Behind?
If you can provide your income, expense, and other financial records, we can generally assist with catch-up bookkeeping and bring your records up to date.
What If CRA Reviews My Business?
If CRA reviews your business, we can assist in organizing the required accounting records, responding to CRA requests, and supporting you throughout the review process.
Maintaining complete and accurate bookkeeping helps support your day-to-day business operations, tax filings, and CRA reviews.
What Other Business Services Do You Provide?
In addition to bookkeeping, we also provide:
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Payroll Services
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GST/HST Returns
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WSIB Reporting
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Employer Health Tax (EHT) Returns
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Annual Financial Statements
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Corporate Income Tax Returns
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CRA Reviews & Audit Assistance
As your business grows, we can continue to provide accounting and tax services that meet your changing needs.
My Business Is Just Starting. Will Bookkeeping Be Expensive?
We offer bookkeeping services based on the size of your business, the volume of transactions, and your specific accounting needs.
After learning more about your business, we will recommend a suitable bookkeeping service and provide a fee quote.
How Do I Get Started?
We begin by understanding your business, including its size, industry, operations, and accounting requirements.
Based on your circumstances, we will recommend an appropriate bookkeeping solution.
If you have any questions about bookkeeping or other business accounting and tax services, please feel free to contact us.