Industries Served
CPA Firms : Location Toronto
Accounting Services to CPA firms in Canada.
- Our expertise spans the most popular and often used small business accounting software popular in North America and the UK such as QuickBooks (All Versions including Accountants and Enterprise Versions), Sage 50, Netsuite among others.
- We have performed bookkeeping, financial statement & Tax preparation services for CPA clients’ spanning retail stores, Diagnostic Centres, wholesalers and distribution firms, medical practitioners, restaurants, and many others.
Services Given
- Set-up of Chart of Accounts
- Banks to Books
- Payroll Processing
- Tax Preparation
- Year-End Accounting (Caseware)
- Creation of accounting file for initial stage of firm in accounting software as per industry type
- Complete entry of revenue, expense, bank and credit card entries in most of popular accounting software
- Conversion of books from client software to financial reporting software such as QuickBooks Accountant version for the purpose of IRS filing
- Migration of accounting books from existing software to new software
- Creation of account books from bank, credit card and/or merchant account statements for small stores/ firms
- Classification of income & expenses by understanding nature of entries through descriptions appearing on bank & credit card statements
- Regular reconciliation of Bank, Credit Card and/or Merchant account statements after posting of entries
- Posting payroll entries based on ADP reports
- Sales tax tie-in with sales tax reports (Preparation of HST working)
- Processing of weekly/bimonthly/monthly payroll from time sheet
- Calculation of net pay checks and federal / state taxes for employer and employee
- Accurate deductions of FUTA, SUTA, social security, Medicare and 401(K) deductions
- Tracking of all payroll taxes and payments after every payroll cycle
- Preparation & filing of Monthly payroll returns (PD7A)
- Yearly closing of books including booking accruals, depreciation entries, amortizations and other year-end entries
- Preparation of schedules of balance sheet accounts
- Preparation of financial statements in Caseware Working Papers.
- Provide backend support to CPA firms for preparation of taxes using multiple Tax Software(Profile/Lacerte)
