Empower Your Small Business with Accurate and Timely Financial Insights through Our Bookkeeping Services

Our professional bookkeeping services play a vital role in the smooth financial operations of businesses, especially small businesses. Whether you're a start-up or an established company, accurate and organized bookkeeping is essential for financial stability and growth.

Here's how professional small business bookkeeping services can benefit your business:

  • Accurate Financial Records

    Our Professional bookkeepers in St. Catharines, Mississauga, ensure that your financial records are accurate, up-to-date, and compliant with accounting standards. They meticulously record financial transactions, maintain general ledgers, and reconcile accounts. With accurate bookkeeping records, you can make informed decisions based on reliable financial data.

  • Time and Cost Efficiency

    Outsourcing small business bookkeeping services in St. Catharines, Mississauga, Whitby & Niagara Falls allow you to focus on core business activities while leaving the financial tasks to professionals. This saves you valuable time and resources that can be allocated to growing your business. Additionally, hiring in-house bookkeepers can be expensive due to salaries, benefits, and training costs, making outsourced bookkeeping services a cost-effective option.

  • Financial Insights

    Our Professional bookkeepers in St. Catharines, Mississauga generate financial reports that provide insights into your business's financial health. These reports, such as profit and loss statements, cash flow statements, and balance sheets, help you understand your revenue, expenses, and overall financial performance. With these insights, you can identify opportunities for improvement and make informed business decisions.

  • Compliance with Tax Regulations

    Our Bookkeepers experienced in small business bookkeeping services ensure that your financial records are compliant with tax regulations. They track and categorize expenses, maintain accurate payroll records, and prepare necessary tax documents. By staying compliant, you can avoid penalties and legal issues related to tax non-compliance.

  • Business Planning and Forecasting

    Our Professional bookkeepers in St. Catharines, Mississauga, Whitby, & Niagara Falls assist in budgeting and forecasting by analyzing your financial data. They can help you set realistic financial goals, plan for future expenses, and project revenue. With their expertise, you can develop strategic plans that align with your financial capabilities and objectives.

  • Improved Cash Flow Management

    Our Small Business Bookkeeping services in Mississauga include managing accounts receivable and payable. Professional bookkeepers track invoices, ensure timely payments from customers, and manage vendor payments. By optimizing cash flow, you can maintain healthy liquidity and meet your financial obligations on time.

  • Scalability and Flexibility

    Professional bookkeeping services for small businesses in St. Catharines, Mississauga, Whitby, & Niagara Falls are scalable, allowing you to adjust the level of service as your business grows. Whether you need basic bookkeeping or more extensive financial management, professional bookkeepers can accommodate your evolving needs.

By utilizing our bookkeeping services for small businesses can streamline your financial operations, maintain accurate records, and gain valuable insights into your business's financial performance. This ultimately contributes to better decision-making, improved cash flow management, and overall business growth.

Efficient and Cost-Effective Bookkeeping Solutions for Small Businesses

Small business owners often struggle to balance their time between running their core operations and handling administrative tasks like bookkeeping. Neglecting timely financial information can have negative consequences, such as difficulty obtaining financing, monitoring performance, maximizing tax savings, and getting a fair value for the business when selling it.

While there are many low-cost bookkeeping firms available, it's often true that you get what you pay for. That's why our professional bookkeepers in  St. Catharines, Mississauga, Whitby, and Niagara Falls, offer quality bookkeeping services at competitive rates tailored to meet your specific business needs. We will collaborate with you to develop a cost-effective record-keeping system that provides timely financial information. Additionally, we can assist you in selecting the most suitable technology to efficiently and economically achieve your business objectives.

Our bookkeeping services are designed to streamline your financial operations and provide accurate financial records.

Our monthly bookkeeping packages offer comprehensive outsourced accounting services. By outsourcing your bookkeeping and accounting to our firm, you can avoid the expense of hiring in-house staff, which can be costly for most small businesses. Each bookkeeping package is customized to your industry, size, complexity, and transaction volume. Outsourcing your monthly bookkeeping tasks ensures that all your information is well-organized and ready for tax filing. It also enables you to monitor your progress toward goals and track growth trends on a month-to-month basis.

With our reliable and affordable bookkeeping services, you can focus on growing your business while we take care of your financial records. Let us help you streamline your operations and make informed decisions that drive success.

Our outsourced bookkeeping packages include:

Our professional bookkeeping services are designed to streamline your financial operations and provide accurate and reliable financial records. When you choose our outsourced bookkeeping packages, you can expect a comprehensive range of services tailored to your business needs. Here's what our small business bookkeeping services include:

  1. Set up books and chart of accounts (for new business): We assist new businesses in setting up their bookkeeping systems and establishing a chart of accounts that suits their specific needs.
  2. Posting all business bank and credit card transactions: We meticulously record all business transactions from bank and credit card statements, ensuring accurate and up-to-date financial records.
  3. Completing monthly bank and credit card reconciliations: We reconcile your business bank and credit card accounts to ensure that your records match the actual transactions, identifying any discrepancies or errors.
  4. Posting purchase invoices, expenses, and cash transactions: We handle the posting of purchase invoices, expenses, and cash transactions, maintaining a clear and organized record of your financial activities.
  5. Accounts receivable management and reconciliation: We manage your accounts receivable, ensuring prompt invoicing, accurate tracking of customer payments, and timely follow-up on outstanding balances.
  6. Accounts payable reconciliation: We reconcile your accounts payable, tracking vendor invoices, and ensuring that payments are made accurately and on time.
  7. Inventory record keeping and assistance in managing and conducting physical counts: If your business deals with inventory, we assist in maintaining accurate inventory records and provide support during physical inventory counts.
  8. Cash management including associated controls with bank reconciliation: We help manage your cash flow effectively, implementing controls and processes to ensure proper cash management and reconciliation with bank statements.
  9. General Ledger analysis, structure, and maintenance: We analyze your general ledger, ensuring its accuracy, organization, and adherence to accounting standards.
  10. Monthly/Quarterly internal financial statement preparation: We prepare detailed financial statements on a monthly or quarterly basis, providing you with a clear overview of your business's financial performance.
  11. Year-end closing and reconciliation of general ledger accounts: We assist in the year-end closing process, reconciling general ledger accounts and ensuring accurate financial reporting.
  12. Completing the monthly/quarterly sales tax (GST/HST) reconciliation and e-filing: We handle the reconciliation and electronic filing of sales tax returns, ensuring compliance with tax regulations.
  13. Payroll processing services: We provide comprehensive payroll processing services, including calculating employee wages, generating pay stubs, and managing payroll tax deductions.
  14. WSIB and EHT filing: We handle the filing of Workplace Safety and Insurance Board (WSIB) and Employer Health Tax (EHT) returns, ensuring compliance with applicable regulations.
  15. CRA correspondence: We assist in managing correspondence with the Canada Revenue Agency (CRA) on your behalf, addressing any inquiries or requests.
  16. Unlimited email and telephone support: We provide ongoing support via email and telephone, addressing any bookkeeping-related questions or concerns you may have.
  17. Optional quarterly consultations with SMR CPA: We offer optional quarterly consultations with our team at SMR CPA, providing you with strategic planning opportunities and the ability to modify limitations and pursue growth opportunities.

We possess expertise with multiple accounting software, including Quickbooks Online, Quickbooks Desktop, FreshBooks, Xero, and Simply Accounting. You can rely on our proficiency with these platforms to efficiently manage your financial records.

By choosing our professional small business bookkeeping services, you can rest assured that your financial records are accurate, compliant, and well-organized. This allows you to focus on core business activities, make informed decisions, and drive the growth and success of your business.

Our team of professional bookkeepers in St. Catharines, Mississauga, Whitby, & Niagara Falls, possesses expertise in working with various accounting software, ensuring that we can accommodate your business's specific needs. We are proficient in the following accounting software:

  • QuickBooks Online

    QuickBooks Online is a popular cloud-based accounting software that offers a wide range of features for small to medium-sized businesses. Our bookkeepers in St. Catharines, Mississauga are skilled in utilizing the platform's capabilities to accurately track and manage your financial records.

  • QuickBooks Desktop

    QuickBooks Desktop is a robust accounting software solution preferred by many businesses for its advanced functionalities. Our team is experienced in working with QuickBooks Desktop to ensure efficient bookkeeping and financial management for your business.

  • FreshBooks

    FreshBooks is a user-friendly cloud accounting software designed for small businesses and freelancers. Our bookkeepers in St. Catharines, Mississauga are well-versed in leveraging FreshBooks to handle your financial transactions, invoicing, and expense tracking with ease.

  • Xero

    Xero is a comprehensive cloud-based accounting software that provides powerful tools for managing your business finances. Our professionals are adept at utilizing Xero's features to handle your bookkeeping needs effectively, ensuring accurate and up-to-date financial records.

  • Simply Accounting

    Simply Accounting, now known as Sage 50, is a popular accounting software used by businesses of all sizes. Our team has the knowledge and expertise to navigate Simply Accounting and perform efficient bookkeeping tasks to support your business operations.

By having expertise in multiple accounting software options, we can work with you to determine the most suitable software for your business and seamlessly integrate it into our bookkeeping services. Whether you already use one of these software platforms or are looking for guidance in selecting the right one, our team is equipped to provide the necessary support and ensure smooth financial management.

how to get started?

To be an effective partner, we need to know you and your goals

  • Accounting Firm St. CatharinesCPA Mississauga

    Get in touch

    The best way to get started is to simply call us, or contact us
    via email or contact form.

  • Accounting Services WhitbyTax Services Niagara Falls

    Initial meeting

    It helps us to get to know each other and ascertain whether our
    service will be of benefit for you.

  • Bookkeeping Services St. CatharinesAccounting Firm St. Catharines

    If you decide to proceed...

    We set up a second meeting. which is the start of the planning
    process...

Looking for Affordable Bookkeeping Services in Ontario?

Contact us today for stress-free, reliable, and personalized bookkeeping solutions that keep your numbers in check and your business thriving