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