Bookkeeping Packages
Bookkeeping Packages
Essentials Package
Recording and posting of expense transactions.
Reconciliation of up to two bank, credit card, line of credit, or loan accounts.
GST/HST calculations and filing according to your filing requirements
Year-end review and preparation of bookkeeping records for your accountant’s year-end work
Core Package
Recording and posting of expense transactions.
Reconciliation of up to three bank, credit card, line of credit, or loan accounts.
Tracking and reconciliation of shareholder/owner transactions.
GST/HST calculations and filing according to your filing requirements
CRA account monitoring and correspondence, as needed
Monthly financial reports, including Income Statement, Balance Sheet, and key business metrics
Ongoing bookkeeping support of up to one hour per month.
Year-end review and preparation of bookkeeping records for your accountant’s year-end work
Core Complience Tiers:
Tier 1 – up to 100 transactions
Tier 2 – up to 200 transactions
Tier 3 – up to 500 transactions
Advanced Package
Includes everything in the Core Package plus:
Accounts Payable Management
Record supplier invoices, apply payments, reconcile supplier balances, and provide Accounts Payable Aging and Supplier Balance Detail reports.
Accounts Receivable Management
Record sales and GST transactions, reconcile deposits, and provide Accounts Receivable Aging and Customer Balance Detail reports to help you effectively manage outstanding receivables.
Reconciliation of up to four bank, credit card, line of credit, or loan accounts.
Tracking and reconciliation of shareholder/owner transactions.
GST/HST calculations and filing according to your filing requirements
CRA account monitoring and correspondence, as needed
Consultation and bookkeeping support of up to one hour per month, including a joint financial review.
Financial Reporting, including:
Current Month Income Statement
Year-to-Date (YTD) Income Statement
Balance Sheet
Accounts Receivable Aging Report
Accounts Payable Aging Report
Key financial metrics and performance indicators
Year-end bookkeeping support, including review and preparation of financial records for your accountant’s year-end procedures.
Professional Complience Tiers:
Tier 1 – up to 100 transactions
Tier 2 – up to 200 transactions
Tier 3 – up to 500 transactions
Executive Package
Your business is growing, and you need a bookkeeping team that can keep pace. The Executive Package is designed for business owners who require ongoing daily or weekly support with bookkeeping, payroll, accounts management, and administrative processes. Building on the services included in our Core and Advanced Packages, this comprehensive solution provides the hands-on support needed to keep your financial operations running smoothly.
Accounts Payable & Payment Management
Record and manage supplier invoices
Reconcile supplier account balances
Provide Accounts Payable Aging and Supplier Balance Detail reports
Manage government remittances
Process payroll direct deposits
Coordinate and track vendor payments
Reconciliation of up to six bank, credit card, line of credit, and/or loan accounts.
Tracking and reconciliation of shareholder/owner transactions.
Accounts Receivable Management
Invoice preparation and administration
Follow-up on outstanding invoices and collections
Reconciliation of customer payments and deposits
Accounts Receivable Aging and Customer Balance Detail reporting
Ongoing monitoring of customer receivables to support healthy cash flow
Payroll Administration
Regular payroll processing in compliance with current payroll and employment standards requirements
Distribution of payroll documents to employees
Records of Employment (ROE) preparation and submission
Annual T4 preparation and filing
Workers’ Compensation Board (WCB) reporting
GST/HST calculation and filing according to your reporting schedule.
Monitoring of CRA account activity and communication with the CRA, as required.
Financial Reporting (monthly or more frequently, based on your needs), including:
Current Month Income Statement
Year-to-Date (YTD) Income Statement
Balance Sheet
Accounts Receivable Aging Report
Accounts Payable Aging Report
General Ledger Detail Reports
Customized management reports and key performance indicators
Consultation & Support
Up to two hours of consultation and support per month
Joint review of financial results and business performance
Year-End Support
Review and preparation of bookkeeping records for your accountant’s year-end procedures
Assistance with year-end information requests and adjustments
Professional Complience Tiers:
Tier 1 – up to 100 transactions
Tier 2 – up to 200 transactions
Tier 3 – up to 500 transactions