Bookkeeping is a critical part of a successful business. You need to know exactly how your business is performing to make informed business decisions. Without proper bookkeeping practices, you could find yourself making decisions that hinder your business, and find yourself in trouble with CRA (Canada Revenue Agency). We can take the worry and hassle of bookkeeping out of your hands and free up your time for what you do best – “running your business”. You’ll have peace of mind knowing that your financial records are in order. For as little as $150 a month you can drop off all your invoices, paid cheques and bank statements to our office. We shall write up your accounting records, deal with HST & PST returns, and T4 issues then provide you with a detailed monthly financial statement which gives you an accurate picture of how your business is doing. We tailor our Bookkeeping services to your needs. Here are just a few of the many services we provide:

  • Payroll
    1. Determination of payroll
    2. Preparation of payroll cheques
    3. Preparation of payroll reports
    4. Preparation of T4 slips
    5. Preparation of T4 summaries
  • Payables
    1. Bill payment
    2. Managing accounts payable
  • Bank Balances
    1. Preparing bank reconciliations
    2. Providing cash balance reports
    3. Monitoring excess cash and short-term investment recommendations
  • Receivables
    1. Invoicing your customers
    2. Posting collections

Bookkeeping is a full-time job if you do it accurately and timely. It tells you in advance if you will remain profitable at the end of business year or you are losing money today, which will help you take corrective measures now

By Jalal ud din, CPA
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