bookkeeping

Bookkeeping Services

Bookkeeping services is an important process of any small business that is available on a cloud-based and on-site/in house based. Cloud-based bookkeeping services give you the flexibility to work whenever and wherever you want. We offer an all encompassing suite of bookkeeping services using all strategies that reduce your tax payable and tailor our services to meet the specific needs and requirements of each client. This includes:
  • Keeping of complete sets of chart of accounts, ledger and financial records
  • Maintaining the procedures used for the recording of financial transactions
  • Establish, maintain and balance various accounts
  • Post journal entries, maintain general ledgers, reconcile accounts, and prepare a trial balance
  • Prepare financial statements and other management reports
  • Prepare payroll, GST/HST reports and other government filings

Preparation of Financial Statements

We will help you prepare financial statements in accordance with International Financial Reporting Standards( IFRS), and present them professionally in easily readable formats, and give you the specific information you need to make smart and fast business decisions. This service includes:
  • Statement of financial position(balance sheet): reports on a company’s assets, liabilities, and ownership equity at a given point in time
  • Statement of comprehensive income: reports on a company’s income, expenses, and profits over a period of time
  • Statement of changes in equity (retain earnings statement)
  • Statements of cash flows: reports on a company’s cash flow activities, particularly its operating, investing and financing activities
  • Fixed assets and depreciation schedules, and
  • Other disclosures
preparation
bank

Bank Reconciliation, Accounts Payable and Accounts Receivable Services

We will reconcile your bank accounts and credit card transactions with bank statements and drafts the required adjusting entries. We offer services to keep track of your sales, accounts receivable, purchase and accounts payable. These services include:
  • Prepare the bank reconciliation statement and related journal entries.
  • Maintaining the procedures used for the recording of financial transactions
  • Establish, maintain and balance various accounts
  • Post journal entries, maintain general ledgers, reconcile accounts, and prepare a trial balance
  • Prepare financial statements and other management reports
  • Prepare payroll, GST/HST reports and other government filings