Accounting and Bookkeeping
Accounting and bookkeeping services are essential financial management functions that businesses, organizations, and individuals rely on to keep track of their financial transactions, maintain accurate financial records, comply with tax regulations, and make informed financial decisions. We provide these following services:
Bookkeeping Services:
1. Data Entry and Recording: We provide full cycle bookkeeping services to accurately recording all financial transactions, including sales, expenses, purchases, and payments, into the accounting system.
2. Bank Reconciliation: Regularly comparing financial records to bank statements to ensure that all transactions match, identifying discrepancies, and making necessary corrections
3. Accounts payable: Managing and tracking all outgoing payments to suppliers, vendors, and creditors. This involves recording invoices, verifying their accuracy, and ensuring timely payments.
4. Accounts Receivable: Managing and tracking all incoming payments from customers or clients. This includes creating invoices, sending reminders for overdue payments, and reconciling customer accounts.
5. GST/HST filing: Completing and submitting the GST/HST returns to CRA based on your business filing frequency requirements.
6. Expense Tracking: Categorizing and tracking business expenses to monitor spending patterns and identify cost-saving opportunities.
7. Payroll processing: Managing employee payroll, including calculating wages, withholding taxes, and ensuring compliance with payroll tax regulations.
8. Accounting software setup and training: Assisting clients in setting up and using accounting software like QuickBooks to streamline their financial processes.
9. General Ledger Maintenance: Maintaining a ledger that summarizes all financial transactions, providing a comprehensive overview of a company's financial health.
10. WSIB filing: Assisting with WSIB registration and submit the required returns. small business accounting and bookkeeping