About
Organization of Financial Paperwork
Tax Compliance
Budgeting Becomes Easy
Save Time
Set-Up of Accounts
Setting up accounts is the first thing you should do once you start your new Canadian business. With a reliable framework of accounts in place, organizing crucial business paperwork including expenses, revenue and tax documents will be easy.
The chart of accounts will be an index of all your company’s financial accounts. It makes it easy for accountants to identify transactions when filing the general ledger. We will organize your accounts in logical categories to track revenue, assets, liability, equity, and expenses.
We will set up a computerized system for easy and convenient management of your accounts.
Set up of Accounting File
A reliable and functional accounting file will make it easy to manage your company’s finances. It reduces the time and effort allowing you to have ample time to focus on other important business aspects, including marketing and sales.
An accounting file makes budgeting easy since financial information is readily available. Solving financial issues becomes quick and convenient since you can access all the financial records quickly and easily.
We will understand your business structure before setting up your accounting file. We will determine how cash flows and designate a section for vendor invoice folders, receivables, accounts payable, bank statements, checks, equipment warranty, taxes, and customer invoice.
QuickBooks, Sage, or Xero training
Using cloud accounting tools will give you control over your accounting while allowing you to maximize tax deductions. Cloud accounting tools like QuickBooks, Xero, or Sage will also enable you to stay ahead of your projects and time tracking.
Xero and QuickBooks are ideal for small to mid-sized businesses. Our dedicated team will help you choose the ideal cloud accounting tool. We will also train you to allow you to get the best from your preferred tool.
GST Number Registration
Also known as, a goods and services tax number, GST number is assigned by the Canada Revenue Agency. It is a unique tax identification number. You will be using your GST number while doing business. Moreover, it should be displayed on your invoices.
You will require the right date of registration, Fiscal year, basic information, and total annual revenue when registering your GST number. You can register your GST number by mail, telephone, fax, and online. Our office can assist you in registering your company for a GST number.
Professional Bookkeeping Services
You run the risk of running into serious financial difficulties if you do not hire professional bookkeeping services from a Chartered Professional Accountant. Moreover, your business will miss opportunities and waste of time.
Our professional bookkeeping services will allow you to focus on managing your business and overcome tax preparation difficulties. You will also identify new revenue streams and have the peace of mind knowing your future is secured.