Bookkeeping Services

Customers and Accounts receivable

  • Setup invoice templates with logo and with all required information
  • Setup customer master for your business
  • Set up product and service codes
  • One click and invoice sent to your customer
  • Match collections and process approved discounts
  • Review aged accounts receivable on a regular basis
  • Email customer statements on a regular basis
  • Resolve customers account related issues promptly
  • Analyse customer sales and setup customized reports for you

Suppliers and Accounts payable

  • Setup purchase order templates
  • Setup supplier masters for your business
  • Setup products and service codes
  • One click and PO sent to your supplier
  • Match PO with supplier invoices
  • Report exceptions.
  • Supplier payment processing
  • Resolve suppliers account related issues promptly

Employees and Payroll processing

  • Setup payroll
  • Set up employee masters
  • Setup time sheet
  • Process payroll and prepare employee paystubs
  • Review and deduct employee loans and advances
  • Distributes employee paystubs
  • Process employee paycheques/direct deposits
  • Prepare CRA/IRS remittance
  • Process CRA/IRS payments
  • Prepare and file WSIB
  • Prepare and file EHT
  • Resolve employeespayroll related issues promptly
  • Review and value employee benefits
  • Prepare T4s/W2s
  • Prepare T4s/W2s reconciliation
  • File T4/W2 summary return

General accounting functions Fixed assets

  • Setup assets templates
  • Record assets and amortization period
  • Record additions
  • Prepare amortization schedule
  • Review wear and tear and impairment in values

Bank Reconciliation

  • Record direct deposits and online payments
  • Record automatic withdrawals and bank charges
  • Record fund transfers and visa payments
  • Reconcile bank balances
  • Review unclear transactions
  • Report and present bank reconciliation

GST-HST, Sales and Use Tax

  • Review bank and visa reconciliations
  • Review financial statements for the comparative periods
  • Perform GST/HST or Sales tax reasonability test
  • Prepare draft return and discuss
  • File GST/HST or Sales tax return
  • Review and process payment for account balance

Reports and KPI

  • Perform month end closing
  • Discuss and develop KPI
  • Participate in mission and vison building exercise
  • Discuss and develop budgets and forecast
  • Setup report templates
  • Prepare reports, analyse and present with notes and comments
  • Prepare cash flow and monitor