Are your books up to date or are they constantly gnawing at you in the back of your mind?
Do you know where you stand financially right now?
If I asked you if you made a profit in your business last month, could you tell me?
Maintaining the financial records for your business is one of the most important and biggest tasks in business operations. As a small business owner or entrepreneur you may not always have the time to keep up with your bookkeeping responsibilities. Knowing the financial status of your business is important when planning ahead and making business decisions. Use your time for revenue-generating priorities and let us take care of your general bookkeeping tasks so that you will always know where your business stands financially.
Accounting software used: QuickBooks Pro
Our general bookkeeping services include:
- company set-up
- development and maintenance of chart of accounts, customer list, vendor list, items list and inventory list
- general journal entries for business chequing and credit card
- accounts payable: enter vendor invoices and bills; entering payments to Vendors
- accounts receivable: creating sales orders, invoices, and sales receipts; receiving payments and entering deposits
- bank account and credit card reconciliations
- HST remissions
- Standard reports: Profit and Loss Detail and Summary reports prepared on a monthly basis
- Help you organize your bookkeeping documentation so that you have an efficient filing system for your finances.
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NOTE: In order for your accountant to prepare a tax return for your business, a complete electronic accounting file requires the client to provide bank statements for at least 1 business bank account and at least 1 business credit card account plus invoices and receipts for transactions listed on respective bank statements. The closing balances of the last month of the previous fiscal year of your business for all accounts are also required when we set a new company file for a new fiscal year in QuickBooks Pro accounting software.
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