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SERVICES

It’s like having your own accounting department

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Bookkeeping is all about cash management and ensuring the business is financially sound and is able to make smart business decisions based on those financial records.

 

Many business owners do their bookkeeping. They get stuck and feel stressed. Does that sound familiar?

​Most owners postponed bookkeeping and that let them behind sales tax and income tax filing.

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Businesses can benefit from bookkeeping services for these reasons:

  • Recording financial transactions and reconciling accounts at the end of each month or week.

  • Easily manage supplier and customer accounts.

  • Accurately track payments and deposits.

  • Processing and recording payroll.

  • Identify ways to increase income and or decrease spending.

  • Tracking sales taxes (GST / HST / PST etc.), and filing returns.

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We will be able to update your books and run reports to help you make smart business decisions.

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  • Set up and customization QuickBooks software

  • Troubleshoot technical issues

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Accountant
Image by Igal Ness
Image by Kelly Sikkema
Bookkeeping

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  • Process bills and payments

  • Progress Invoice from estimate

  • Track credit card expenses and receipts

  • Working with Projects and Budgets - Budget Comparisons ($ Over Budget, % of Budget, $ Remaining, % Remaining)

  • Process employee expense reports

  • Prepare 1099s for contractors

  • Provide digital access to paid bills

  • Video conference to review key performance measures

Payroll​​

 

  • Prepare payroll

  • Submit payroll taxes to agencies

  • Prepare payroll tax returns

  • Provide employee access to electronic paystubs

  • Provide employer access to electronic pay records

  • Prepare W-2s

  • Pension remittance

  • Garnishment remittance

Account reconciliation

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  • Reconcile bank accounts

  • Reconcile electronic transactions into QuickBooks

  • Reconcile credit card accounts

     Advice

  • Prepare monthly financial statements

  • Prepare monthly budget reports

  • Tax planning

  • General business consulting

     Tax

  • Tax preparation

Choose the solution that is right for your business:

PRYCE
Startup Business

Often, businesses that are just starting out need help with a few compliance-based services but don’t have the revenue yet to pay a bookkeeper and accountant to look after all finance related tasks within the business. A common service level for this type of business includes:

  • Accounting system setup and training - we can help you to set up your cloud accounting system and teach you how to efficiently complete your bookkeeping.

  • Ongoing support for bookkeeping and accounting - we can be available to help with bookkeeping and accounting questions throughout the year.

  • Year-end financial statements and corporate tax return - we prepare your year-end financial statements and tax return.

  • Help as needed - we're here to help with questions and guidance as needed

 

The cost for this package is:

  • Systems setup and one-on-one bookkeeping training - billed hourly

  • Annual year-end tax filings - billed hourly

  • Guidance with questions as needed - billed hourly

PRO
Small Business

We see a lot of small businesses that have annual revenue between $200k and $350k, that have 1 or 2 employees and are owner managed. We love working with these types of businesses because the owners are often highly involved and passionate about what they’re doing. Because of the high owner involvement, they often need a few more of the financial duties looked after so that they can focus on what they are good at. A common service level for this type of business includes:

  • Accounting system setup and training - we set up your cloud accounting system and teach you how to efficiently complete your bookkeeping.

  • Accounting software subscription costs - we cover the cost of the accounting software.

  • Ongoing support for bookkeeping and accounting - we will check in monthly to make sure things are going well. Also, if you have questions, call or email us!

  • Year-end financial statements and corporate tax return - we prepare your year-end financial statements and tax return.

 

The cost for this package is:

  • $1,000 for systems setup & staff training (one-time cost)

  • From $500 per month (includes software fees and year-end costs)

PLUS
Medium Business

In this common scenario, we see businesses that have revenue in the $350k to $$750k range, they often employ 3 to 10 people, the owners are still involved in the day to day but are focusing on growing the business, perfecting their services or products and training employees. This business owner needs insight into what is working in their business and what could be improved or changed. Solid monthly reporting that includes insight from an outside advisor is a key success factor here.

  • Accounting system setup and training - we set up your cloud accounting system and teach you how to submit documents electronically and view reports.

  • Accounting software subscription costs - we cover the cost of the accounting software.

  • Monthly bookkeeping - we record monthly transactions and send out useful financial reports once per month. Also, if you have questions, you can still call or email us anytime!

  • Sales tax filing - we file the GST and/or PST returns

  • Year-end financial statements and corporate tax return - we prepare your year-end financial statements and tax return.

  • Payroll system setup and support - we set up your payroll system, teach you how to process payroll, onboard and offboard employees as needed, and prepare employee T4s on an annual basis. We’re also available to answer questions as they come up.

 

The cost for this package is:

  • $1,500 for accounting and payroll systems setup & staff training(one-time cost)

  • From $800 per month (includes software fees and year-end costs)

PREMIUM
Growing Business

As businesses grow, there is often an in-between size where they are not yet large enough to have their own internal finance department but are complicated enough that just hiring a bookkeeper on Craigslist won’t cut it.

We usually see this scenario with organizations that are growing and have revenue between $750k and $2million who employ between 10 and 20 people. For these growing organizations, we can act as an outsourced accounting department either indefinitely, or until the business grows large enough to hire an internal accountant. In cases where the business grows into needing an internal accountant, we are there to help with training and transition to make sure things go smoothly.

  • Accounting system setup and training - we set up your cloud accounting system and teach you how to submit documents electronically and view reports.

  • Accounting software subscription costs - we cover the cost of the accounting software.

  • Monthly bookkeeping - we record monthly transactions and send out useful financial reports once per month. Also, if you have questions, you can still call or email us anytime!

  • Monthly management accounts - Each month you will receive a customized reporting package that includes our analysis and commentary on the monthly performance, as your external trusted advisers.

  • Sales tax filing - we file the GST and/or PST returns

  • Year-end financial statements and corporate tax return - we prepare your year-end financial statements and tax return.

  • Payroll system setup and processing - we set up your payroll system and process your payroll each period, onboard and offboard employees as needed, and prepare employee T4s on an annual basis. We’re also available to answer questions as they come up.

 

The cost for this package is:

  • $2,000 for accounting and payroll systems setup & staff training (one-time cost)

  • From $1,200 per month (includes software fees and year-end costs)

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