Financial Review & Reporting

Our services include:

• Reviewing balance sheet accounts

  We’ll review and reconcile balance sheet accounts on a periodic basis, ensuring that they are accurate and complete. We’ll also review the balance sheet for reasonableness to confirm there are no unjustified, unusual balances such as negative liabilities. We’ll make sure the equity section of the balance sheet properly reflects the company’s ownership structure.

• Reviewing income statement accounts

  We’ll review treatment of revenue and expense recognition, cost of goods sold, and items such as bad debt and depreciation/amortization.

• Reviewing general ledger

  We’ll review the general ledger periodically to ensure that posted transactions are valid and accurate. We’ll also recommend period-ending entries that your staff may not be qualified to make such as capitalizing fixed assets and properly reflecting prepaid expenses.

• Providing timely periodic reports

  We’ll provide reports to management at the frequency required to make strategic decisions. These reports can include material from financial statements to customized management reports, group financial reporting and franchise reports.

• Reporting and remittances to various government agencies

  We cover payroll source deductions, GST remittances, PST remittances, corporate tax return preparation and corporate tax installments.

• Interacting with key company personnel

  Whether it’s answering questions for the administrative assistant who doubles as the accounts payable clerk, or reviewing month-end reports with the CEO, we’ll communicate with management regularly to address issues that affect the company’s books and records.

• Delivering business plans and budgets

  We have more than 30 years of experience in preparing business plans and budgets. We can assist you in preparing for investor or bank presentations, year-end closings and submission of your records for income tax purposes.