Services
What We do
Accounting Services
- Setup COA (chart of accounts), cost center, profit center, Inventory center and category
- Cash and bank entries / Journal entries
- Vendor invoices
- Payroll entries
- Sales and purchase Order/Invoices entries
- General ledger maintenance
Account Receivable
- Set-up of customer in accounting system with proper documentation
- Creation of Sales orders (SOs)
- Invoice generation and submission: Creation of sales invoices including itemized invoices, etc
- Collection/Customer Service – Monthly statements to be mailed/emailed out for all past due invoices. Follow-up calls/emails to be sent for severely outstanding invoices
Account Payable
- Set-up of vendors in accounting system with proper documentation
- Creation of purchase orders (POs)
- Entry of invoices derived from POs will be matched with packing slip
- Invoices that are not PO driven to be mailed for approval and entered post-approval
- Disbursements processing – entering checks, ACHs and transfers
Payroll Processing
- Determine the Frequency of Payroll (Weekly / Bi-weekly / Monthly)
- Collecting timesheets/ Data from Client or portal
- Collecting new employees details to add in Software (QB/ADP/Etc)
- Calculating Statutory holiday / Vacation /Overtime and other pay
- Updating hours and Amount in Software (QB/ADP/Etc)
Financial Reporting
Profitability of different products can be analysed with the help of accounting reports. Periodic comparisons of profitability and performance analysis can be done with the help of structured accounting reports
Tax Preparation
Our professional and deadline-oriented personal tax outsourcing services make your personal tax preparation simpler and help you achieve higher volumes to earn more by outsourcing.
We provide backend support to CPA firms in Canada for preparation of taxes using multiple Tax Software
Inventory Management
A good accounting system allows you to track your inventory positions. Timely orders of raw materials or traded goods and sales booking can ensure that you never run out of inventory nor do you have excess investment in inventory. Physical stock taking on regular intervals will help in finding the gaps in inventory management
