Online Bookkeeping Services

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Online Bookkeeping Services

Online Small Business Bookkeeping Services

Get your free time back. Let us handle the bookkeeping so you can focus on running your business, and enjoying your time away. We have developed a seamless bookkeeping process using QuickBooks Online (Accounting Software) and Hubdoc (Document Collection & Management Software) to provide you with timely and useful reporting, which is always accessible to you. This way you always know know how your business is doing.

Professional Online Bookkeeping

We look after your online bookkeeping on a weekly, monthly, or quarterly basis to provide you with up-to-date, reliable figures throughout the entire year. This allows you to keep on top of your business and assists you in making crucial decisions to help your business grow. It also allows you to keep up to date with your HST compliance requirements.

This includes:

  • Check all bank feeds to ensure matching Payment against the correct customer invoice
  • Review all bank and credit card feeds to ensure the correct expense is assigned.
  • Audit all bank and credit card feeds to ensure the correct sales tax is applied
  • Maintain data feeds into your accounting software files
  • Troubleshooting & support.
  • Includes a subscription to a collection and document management software
  • Invoicing and Receivables: (Optional)
  • Create and send out invoices to clients and customers
  • Follow-up on outstanding amounts
  • Payables and Payments:(Optional)
  • Book bills due and manage payments

Management Reporting Services

Management Reports on a timely basis (weekly, monthly, or quarterly) to support your business. Also, meet with your accountant on a regular basis to stay on top of your business.

* This includes:

Income Statement (month and year-to-date) – This will assist you in seeing how your business is performing over the months, pinpointing trends, and identifying opportunities.

Balance Sheet (month over month with change column) – This report shows your financial position and assists you in meeting your financial obligations.

Accounts Payable (weekly) – How much money to you owe? Do you have sufficient funds to make those payments?

Accounts Receivable (weekly) – How much money is owed to you? Do you need to follow-up on a payment?

Cash Flow (monthly) – Does your cash coming in cover your cash going out? How is your cash balance? Knowing this helps you stay on top of your business.

Bank Balance (daily) – Checking your cash balance gives you a quick look at how the business is doing.

Sales Tax Return Services

We prepare and review sales tax returns to ensure that GST/HST collected, and the available Input Tax Credits are correct. We review the return with you, and answer any questions you may have on a timely basis.

Sales Tax Return Services:

  • GST/HST Return Preparation
  • Provincial Sales Tax Return Preparation (i.e., PST, QST and RST)
  • Assistance summarizing GST/HST collected and available Input Tax Credits
  • Automated email “due date” reminders
  • Electronic filing and CRA confirmation.

Workplace Safety and Insurance Board (WSIB)

Premium Calculation Services

We calculate your WSIB premiums and review it to ensure it is correct and e-filed on a timely basis.

WSIB Premium Calculation Services:

  • Calculate WSIB Premium return
  • E-file quarterly WSIB Premium
  • Automated email “due date” reminders
  • Email payment Amount to the client