Accounting, Bookkeeping & Payroll

We offer comprehensive accounting services, including:

Unaudited Year-End Financial Statements:

There are several reasons for preparing unaudited financial statements. In addition to effective financial management, businesses provide year-end financial statements for income tax filings or to establish and maintain a credit limit with a lending institution. There are two types of unaudited financial statements.  A “Review Engagement” encompasses a limited review of underlying figures to provide a negative assurance. This states that nothing has come to our attention to indicate that the financial statements are not, in all material aspects, in accordance with generally accepted accounting principles. It is presented as a “Review Engagement Report”.  A “Compilation” prepares a client’s financial statements without review of the underlying figures and is presented as a “Notice to Reader”.

Owner / Shareholder Remuneration:

As part of the year-end financial statement preparation for closely held corporations we review the owner / shareholder remuneration in order to ensure that the most expedient amounts are established for both practical and income tax purposes.

Coordination of all Tax Matters:

Whether a business is incorporated or not, it is important that income taxes be considered on a global basis between the owner and the business entity. It is only by the coordination of personal and business taxes that the maximum income tax benefits can be achieved on a sustained basis.

Bookkeeping Preparation:

Our bookkeeping services can include everything from recording daily transactions, to preparing cheques to pay invoices, to preparing books of original entry and posting to the general ledger.

Accounts Receivable Services:

Our accounts receivable services include maintaining accounts receivable ledgers and preparing monthly statements for our clients’ customer accounts.

Payroll:

Utilizing the latest computer technology we provide payroll services that include issuing paycheques, filing payroll remittances and maintaining required records.