Bookkeeping and Accounting Services
AccountTax Pros specializes in Income Tax, Customs and Corporation / Secretarial matters, accounting and book keeping services in Canada.
The AccountTax Pros is run and managed by highly qualified Accounting & bookkeeping professional who are equipped with professional designations of CPA-Canada, CPA-US, MBA, CMA. Besides strong academics, we at Accounttax Pros carry with ourselves the vast experience in the field of Accounting, Personal Income Tax, Corporate Income Tax, Transfer Pricing, Audits, GST and HST, Company Incorporation, and Payroll accounting & planning.
Each member of the Bookkeeping and Accounting Team has strong bookkeeping & accounting knowledge and also has immense experience in accounting field and catering to clients. At Accounttax Pros, our team is highly dedicated towards achieving the five pillars of the Accounttax Pros i.e. providing High Quality, Accuracy, Security & Timely services to its clients at competitive prices.
Account Tax Pros bookkeeping and accounting services team specializes in accounting services for small business and caters to both small and medium-sized businesses by helping them providing online as well as personalized Accounting and book keeping services by using the online software like QuickBooks & Tally. In addition to profit making business we also specialize in serving to not-for-profit organizations by providing bookkeeping and accounting services as per their specific requirements.
We cater to various industries naming a few like
- IT Industry
- manufacturing Industry
- Dental Clinics
- Food and Restaurants
- Small and medium sized traders
- Trucking Companies
- Not for Profit Organizations and many more
Our bookkeeping and Accounting starts with the basics from collecting the data from our client, processing the same at various stages and finally providing the Financials to our clients as per their requirements.
Our Bookkeeping and Accounting Services include:
- Regular recording of transactions in the software
- Accounts Receivables management – Recording and Updating the Customers’ / clients invoicing and receipts from the customers/ clients, Ageing reports, A/R analysis and other A/R reports
- Accounts Payables management – Recording and Updating the Suppliers’ / Vendors’ bills and payments, A/P analysis etc.
- Bank Accounts and credit Cards transactions recording and regular reconciliations
- Multiple currency accounting
- Fixed Assets Register Maintenance, Depreciation calculation and accounting as per ASPE, CCA calculations as per IT Act, Reconciliation of Fixed Assets registers with Accounting Records
- Payroll Accounting, reconciliations and Payroll management
- Year end provisions like Prepaid expenses, Depreciation, Income Tax payables, Dividend and other accounting review & settlement transactions
- Preparation / Generation of various Accounting reports like Trail Balance, Ageing reports, Customers’ balances, Suppliers / Vendors’ outstanding etc.
- Preparation of Financial Statements like Balance Sheet, Profit and Loss Account, Income Statements, Cash Flow / Fund Flow statements
- Other Industry specific or Client specific MIS
Other Accounting and related services:-
Budgeting and Planning:- We have in-depth knowledge and experience of preparing the short and long terms budgets and plans of the business. The broad level annual business plan are supplemented with the various budgets like Sales and Revenue Budget, Purchase Budget, Capital Expense Budget, Expense Budget, Profit and Loss Budget etc
Cost Accounting:- We are fully equipped to provide the Cost Accounting services including Product Costing, Process Costing, Standard Costing, Actual Costing, Cost of Services etc.
Management Accounting and Reporting: We have analytical capabilities to assist management in providing various management accounting services including make or buy decisions, Capital Budgeting, Business Performance reviews, Continue or discontinue operations, mergers and acquisitions, consolidation etc.
Other Advisory Services: We also provide other advisory services like selection of Depreciation method, parttime bookkeeper, Useful life of Assets, Payroll packages of employees, Inventory accounting etc.