Business Start-up
- Advise on business and account structure
- Set up accounts in QuickBooks Online or Sage 50
- Training on software and apps
Accounts Receivable
- Data entry Customer invoices
- Data entry Customer payments
- Reconcile Aged Receivables
Accounts Payable
- Data entry Supplier invoices
- Pay bills
- Data entry Supplier payments
- Review Aged Payables
Payroll
- Process payroll
- Pay staff
- ROE andT4 processing
Bank accounts – CAD, US, Euro
- Process bank fees and interest
- Process Direct Debits and Deposits
- record exchange rates
Liabilities
- Report preparation, file GST/HST
- Report preparation, file Source deductions
- Report preparation, file Corporate income tax
- Report preparation, file WSIB
Reconciliations
- Bank
- Credit Cards
- Loan accounts
- Source Deductions
- GST/HST control accounts
Procedures and Manuals
- Update Client’s Bookkeeping Procedures
GST/HST, Source deductions and WSIB
- Remit monthly, quarterly, annual GST/HST,Source Deductions,Corporate income tax
- Remit Instalment payments
- Remit WSIB or other liabilities
Year End
- Reconcile all GST/HST remitted for the year
- Reconcile wages, source deductions
- Provide accountant with data file, year-end reconciliations, and required documents for T2 CorporateTax Preparation
Reporting – as requested
- Monthly Profit and Loss, Balance Sheet and Cash Flow
- Quarterly Financial Reports and analysis
