Accounting Services Page
Our goal is to provide your business with accurate and relevant accounting information and services, in the most efficient, effective and timely manner possible. We also provide tax and business services to help you grow and build successful relationships with lenders and government. Learn more about bookkeeping, payroll, A/R and A/P, tax remittances, bank reconciliations and cash flow, financial statements and controller services in the following few parargaphs.
Bookkeeping Services
Our bookkeeping services include on site and in house maintainance of complete sets of books, records of accounts, and verification of the procedures used for recording of financial transactions. We will
- Keep financial records and establish, maintain and balance various accounts using manual and computerized bookkeeping systems
- Post journal entries and reconcile accounts, prepare trial balance of books, maintain general ledgers and prepare financial statements
- Calculate and prepare cheques for payrolls and for utility, tax and other bills
- Prepare other statistical, financial and accounting reports
Payroll Services
We'll process your payroll through our or your computerized service. Payroll can be handled weekly, biweekly or any other basis to suit your company schedule. The cheques will show all employee deductions for that period and year-to-date. Your employees will always know exactly how much has been withheld. We will ensure
- Calculation of payroll deductions, including CPP, EI and income tax for all provinces and territories
- Error-free payroll
- A fully integrated solution that maintains all employee information in a single place
- Clear, detailed reporting
- Management and processing of Records of Employment (ROE)
Accounts Payable and Accounts Receivable Services
We will help you develop A/P and A/R systems used to record sales for which you are not immediately paid, or to record bills that you have received, but might not pay until later. These types of accounts are used primarily when you have got a lot of bills and receipts flowing in and out, and do not want to lose track of them just because you don't pay/get paid right away. Servcies include
- Code, total, enter, verify and reconcile transactions such as accounts payable and receivable, purchase orders, cheques, invoices, cheque requisitions and bank statements in a ledger or computer system
- Track sales, paper invoices and customer payments
- Collections, Aged A/P and A/R
- Verification for accuracy of transactions and compliance with legislation and policies, data entry in financial system and vendor inquiries
- Automatic calculation and posting of early payment discounts and finance charges
Bank Reconciliations and Cash Flow
We will balance your bank accounts and credit card statements. All electronic transactions, transfer of funds between bank accounts, loans and bank service charges will be recorded.
- Journalize transactions and events, record cash receipts and disbursements, and prepare bank reconciliations
- Record A/R transactions and collect outstanding A/R accounts,
- Pay outstanding A/P accounts, and other activities related to the financial accounting cycle
Financial Statements
We will prepare your financial results, present them professionally in easily readable formats, and give you the specific information you need to make smart and fast business decisions. Services include
- Financial forecasts and projections
- Income Statements and Balance Sheet preparation
- Fixed assest and depreciation schedules
Controller Services
The services of a temporary controller can ease a transition or assess your anticipated financial management challenges. We provide:
- Assistance with the development and implementation of internal controls, and writing of accompanying company policies and procedures
- Consistent review of accounting records and entries
- Preparation of regular key indicator reports by altering existing and developing new content structure as required