Our outsourced bookkeeping packages include:
Our professional bookkeeping services are designed to streamline your financial operations and provide accurate and reliable financial records. When you choose our outsourced bookkeeping packages, you can expect a comprehensive range of services tailored to your business needs. Here's what our small business bookkeeping services include:
- Set up books and chart of accounts (for new business): We assist new businesses in setting up their bookkeeping systems and establishing a chart of accounts that suits their specific needs.
- Posting all business bank and credit card transactions: We meticulously record all business transactions from bank and credit card statements, ensuring accurate and up-to-date financial records.
- Completing monthly bank and credit card reconciliations: We reconcile your business bank and credit card accounts to ensure that your records match the actual transactions, identifying any discrepancies or errors.
- Posting purchase invoices, expenses, and cash transactions: We handle the posting of purchase invoices, expenses, and cash transactions, maintaining a clear and organized record of your financial activities.
- Accounts receivable management and reconciliation: We manage your accounts receivable, ensuring prompt invoicing, accurate tracking of customer payments, and timely follow-up on outstanding balances.
- Accounts payable reconciliation: We reconcile your accounts payable, tracking vendor invoices, and ensuring that payments are made accurately and on time.
- Inventory record keeping and assistance in managing and conducting physical counts: If your business deals with inventory, we assist in maintaining accurate inventory records and provide support during physical inventory counts.
- Cash management including associated controls with bank reconciliation: We help manage your cash flow effectively, implementing controls and processes to ensure proper cash management and reconciliation with bank statements.
- General Ledger analysis, structure, and maintenance: We analyze your general ledger, ensuring its accuracy, organization, and adherence to accounting standards.
- Monthly/Quarterly internal financial statement preparation: We prepare detailed financial statements on a monthly or quarterly basis, providing you with a clear overview of your business's financial performance.
- Year-end closing and reconciliation of general ledger accounts: We assist in the year-end closing process, reconciling general ledger accounts and ensuring accurate financial reporting.
- Completing the monthly/quarterly sales tax (GST/HST) reconciliation and e-filing: We handle the reconciliation and electronic filing of sales tax returns, ensuring compliance with tax regulations.
- Payroll processing services: We provide comprehensive payroll processing services, including calculating employee wages, generating pay stubs, and managing payroll tax deductions.
- WSIB and EHT filing: We handle the filing of Workplace Safety and Insurance Board (WSIB) and Employer Health Tax (EHT) returns, ensuring compliance with applicable regulations.
- CRA correspondence: We assist in managing correspondence with the Canada Revenue Agency (CRA) on your behalf, addressing any inquiries or requests.
- Unlimited email and telephone support: We provide ongoing support via email and telephone, addressing any bookkeeping-related questions or concerns you may have.
- Optional quarterly consultations with SMR CPA: We offer optional quarterly consultations with our team at SMR CPA, providing you with strategic planning opportunities and the ability to modify limitations and pursue growth opportunities.
We possess expertise with multiple accounting software, including Quickbooks Online, Quickbooks Desktop, FreshBooks, Xero, and Simply Accounting. You can rely on our proficiency with these platforms to efficiently manage your financial records.
By choosing our professional small business bookkeeping services, you can rest assured that your financial records are accurate, compliant, and well-organized. This allows you to focus on core business activities, make informed decisions, and drive the growth and success of your business.