A Few Words

About Us

Exceptional Service

Practical Financial Advice You Can Count on

Focus your time and efforts on running your business and, leave the Accounting to Us

Our company, which was founded in 2013 to serve small and mid-sized owner managed businesses. We take pride in providing high quality services to our clients.

Accounting Services

Accurate Record Keeping Is a Key Component to the Success of Your Business.

Bookkeeping is important because accurate accounting records are essential to a company’s sustainability. Accurate bookkeeping helps a business manage its cash flow, meet its financial obligations and plan its investments.

Money is the fuel that makes your business run. It is almost impossible to make business decisions without financial records. Accurate bookkeeping gives you the information you need to make informed decisions to maintain and grow your company.

Financial Status

A balance sheet report shows the value of your company at a set time. The balance sheet includes all your company’s financial transactions as of a set date. The balance sheet demonstrates the accounting equation: assets equal liabilities plus equity. The balance sheet shows assets, what your company owns; liabilities, what your company owes; equity, what belongs to the business owner. You must record all your business’ financial transactions accurately to generate a useful balance sheet report.

Tax Compliance

CRA has defined the way you keep the records of a corporation. You must file the quarterly or Annual GST returns and should pay monthly remittances. You have to have your financial records to accurately calculate your tax liability. Any mistake can cost your company unnecessary penalties and interest. Also, if CRA ever decides to audit your company, accurate bookkeeping means you will be ready.

Profitability

The income statement report shows revenue, all the money your company earned, and expenses, all the money your company spent to earn money, for a specific time period. The income statement is also called the profit or loss statement, because it shows whether your company is profitable or lost money for the time period. If total revenues are higher than total expenses, your company made a profit; if total expenses are higher than total revenues, your company lost money. Accurate bookkeeping, recording all revenues and expenses, make this report possible.

Track Payables

Paying your bills on time keeps your credit score strong. A strong credit score helps your company get approved for the loans and credit lines your business needs to grow. Financial software with accurate financial records protects you from late bill payments and late fees by reminding you when bills are due. Financial software can also tell you which vendors offer discounts for early payment and how much cash you have to pay bills so you never bounce a check.

Track Receivables

Financial liquidity is necessary to grow your business. It is great to make lots of sales, but not so great if your customers are not paying you on time. Accurate bookkeeping will tell you which customers are not paying your invoices so you know which customers need special encouragement to pay in the form of collection activities.