OUR PROCESS
FULL TIME ACCOUNTING FOR A FRACTION OF THE PRICE
We handle your bookkeeping, accounting and year end tax filing.
READY TO WORK WITH US?
Onboarding Process
Step 1
Fill out the contact form below and tell us a little about your business. We will reach out to schedule a call to talk more about working together.
Step 2
After reviewing, we will send you an engagement letter containing details of chosen service, a contract, and an invoice.
Step 3
After everything is signed and paid for we will start on delivering the agreed upon services
HOW IT ALL WORKS
We request all documents relevant to get started on your file.
Items needed:
- Articles of Incorporation
- Any prior year financials
- Bank Statements (Chequing, Savings)
- Credit Card Statements
- Invoices
- Receipts
A Google Drive link will be provided where everything can be uploaded by you. All files are removed from the secure cloud storage after the work is completed. We do not retain records.
We will review all documents provided and begin analyze, sort and record everything.
- If applicable, your company file will be created on Quickbooks Online or Wave.
- All bank transactions for the required period will be posted and categorized using GAAP
- Bank reconciliation
- Credit Card reconciliation
- Accounts Receivable and Accounts Payable Reconciliation
- Due to/from Shareholder account reviewed
- General Ledger Entries
- Review ledger for GST/HST
- Trial balance
Financial reports are generated after all transactions have been posted and reviewed
- Balance Sheet
- Profit Loss
- Retained Earnings
- Accounts Payable Aging
- Accounts Receivable Aging
- Trial Balance
- General Ledger
- GST/HST report
- Cash flow statement
- Financial statements
- Reporting package is sent monthly/quarterly to keep you updated on your businesses performance
After all reports are reviewed and accuracy is ensured, they will be used to do the year end tax filings.
Year end filing package is prepared which has all the info needed to keep Canada Revenue Agency (CRA) satisfied
- Corporate Tax T2 - Preparation and Filing
- GST/HST - Preparation and Filing
- Payroll T4, T4A - Preparation and Filing
- Dividends T5 - Preparation and Filing
- Speciality forms and elections - Capital Dividends Preparation and Filing
- CRA Audit support - we will assist in the case of any CRA Audits
Get in Touch
Take your accounting processes to the next level with our qualified experts. Book a call or email us using the contact form below.
Any Questions?