Preparation of financial statements and custom reporting:

• Profit and loss
• Balance sheet
• Retained earnings
• Amortization and depreciation schedules
• Budgets, projected financial statements, forecasting

Filing of Canada Revenue Agency general and harmonized sales tax (GST/HST), provincial and Québec sales tax (PST/QST).

Filing simple CRA T2 Corporate Income Tax and Revenu Québec CO-17 Corporate Income Tax returns, IRS form-1120 and state returns.

Communication with government and tax authorities.

Accounts receivable refers to outstanding balances owing to your company for products or services customers have purchased from you, as well as sales and revenue. Generally, a company would hire an accounting technician or accountant to create invoices and monthly statements to send to customers, record the transaction in an accounting system, and reconcile the transactions every month to ensure all incoming cash and deposits are duly received while also helping to prevent fraud.

Accounts payable refers to outstanding balances your company owes for equipment or services your company purchases from other companies, or vendors, as well as expenses and payments. An accounting technician or accountant receives bills and matches them with proof-of-delivery or verify rendered services with management before issuing payment. Monthly bank reconciliations help prevent duplicate payments and invoicing errors, saving money.

Employee payroll management. Weekly, bi-weekly and monthly payroll with direct deposit using Quickbooks, Telpay and other banking software. Monthly reconciliation of payroll transactions, calculation of deductions at source (DAS) and periodic filings with tax agencies.

Processing Records of Employment (ROE‘s), T4‘s and Relève-1’s. Communicating with staff, creating employee contracts, providing information to managers as well as employees on federal and provincial labour standards (CNESST) (WorkSafeBC).