Bookkeeping Services

Bookkeeping services encompass a wide range of tasks and responsibilities related to managing a business's financial records and transactions. Here are some of the key components typically included in our bookkeeping services:

• Recording Financial Transactions: All financial transactions, including sales, purchases, expenses, and payments.
• Bank Reconciliation: Accounting records to ensure that all transactions are accurately recorded and accounted for.
• Accounts Receivable (AR) and Accounts Payable (AP): Tracking and managing invoices and payments from customers (AR) and suppliers (AP).
• General Ledger Maintenance: Maintaining the general ledger, which is a collection of all financial transactions organized by account.
• Payroll Processing: Calculating employee wages, salaries, deductions, and benefits, and processing payroll on a regular basis.
• Tax Compliance: Ensuring compliance with various tax regulations, including GST/HST, PST, payroll taxes, and other applicable taxes.
• Financial Statements Preparation: Generating financial statements, including income statements, balance sheets, and cash flow statements, to provide a snapshot of the company's financial health.