Designed for small business owners, our expert team carefully reviews your income statement and balance sheet to ensure everything is accurate and clearly organized. We track sales, check account balances, and identify problem areas—then give you straightforward, practical solutions to fix them. Gain the clarity and confidence you need to make smart financial decisions and grow your business.dd a description about this item
Income Statement Review: We make sure your sales are clearly documented, your revenue is accurately reported, and your expenses are well-organized.
Balance Sheet Review: We review your assets, liabilities, and equity to ensure everything is correctly recorded. This helps you understand what your business owns and what it owes.
Sales Tax and Payroll Liability Analysis: We ensure your sales tax and payroll liability accounts are up to date, accurate, and properly reconciled.
The LedgerLite Package is designed for sole proprietors, consultants, and early-stage companies seeking accurate and dependable financial reporting. It includes the monthly preparation of your core financial statements and ensures that your financial data remains organized and compliant. Vendor invoices are entered and uploaded, customer invoices are reviewed, and bank and credit card statements are uploaded and reconciled—giving you a clear and complete financial overview every month.
Monthly Income Statement: See exactly where your money comes from and where it goes. This report helps you track profitability and manage costs.
Monthly Balance Sheet: See what your business owns, what it owes, and track your equity.
Monthly Reconciliations: Ensure your bank statements match your books. Reconciliations help detect errors early, keeping your financials accurate.
Assisted Reviews: We will go over your financials with you, explain your company's performance on a monthly basis.
The SmartBooks Package is tailored for steadily growing companies that need ongoing support and deeper financial insight. It includes core financial reporting, enhanced reconciliations, and direct access to your bookkeeping expert for regular reviews and consultations.
All features of the LedgerLite Package Plus:
Monthly Cash Flow Statement: Gain insight into the flow of cash in and out of your business.
Payroll Maintenance: We ensure all transactions are accurately recorded using specialized systems such as Ceridian or ADP and submit payroll taxes for you as required.
Custom KPI Dashboard: Visuals of key metrics offer clear insights into your business performance.
Weekly Reviews: We will report weekly to ensure that your accounts are accurate and up to date.
HST/GST returns: We submit your sales tax returns as part of our service, on a monthly or annual basis or every six months, depending on the government's requirement for your company.
Year End: At the end of your fiscal year we will send a trial balance to your CPA so that they may be able prepare your annual financial statements and submit corporate income taxes.
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