Get Started With BBS Chartered Professional Accountants Today
At BBS, we take pride in clearly explaining and navigating the often foggy landscape of small business bookkeeping and accounting, and its relationship to business owners of all types. We help our clients choose and maintain systems relating to their cash, receivables, inventory, payables, sales, expenses, and any other accounts as required.
Our mission is to help your business succeed through insightful financial analysis and sound accounting methods. As a result, our team goes beyond basic account bookkeeping Downtown Toronto to provide financial modelling in easy-to-understand dashboards, proactive tax planning and preparation, and business consulting. We are here for you, whether you need to raise capital or help to manage your cash flow.
Our Account Bookkeeping Process for Small Businesses in Downtown Toronto
We’ll discuss your small business bookkeeping needs to determine which package works for you. Once we have established your requirements, we create an engagement letter for your review and sign off.
Now we get started on the bookkeeping. At BBS, we conduct our account bookkeeping work on monthly contracts, allowing you to cancel at any time. We’ll send you an email with relevant information and what files to send us to set up the software and CPA representation.
Set a call with one of our CPA’s and review all remaining questions or concerns. We will set up Receipt Bank and Cloud Accounting software of your choice and send you login credentials.
Next, the team at BBS will ask you for your bank and credit card statements each month. Please send them to our team, and your books will be updated by the next month. The accounting software will update your bank account via the secure connection every day, ensuring we can reconcile your accounts.
Now month-end is completed, your expert bookkeeper will accurately reconcile your bank and credit card accounts against general ledger balances. After, we will send you an email with a few uncategorized transaction queries. Respond with the missing details and you are done!