Accounting & Bookkeeping Services

• • Professional Accounting Services

  Accounting is a higher level process that makes sense of the data compiled by the bookkeeper. At Ellis Business Solutions our accounting Services include:

  • Verifying and analyzing data
  • Preparing financial reporting, Profit and Loss statements, and Balance Sheets
  • Preparing for and assisting with Audits
  • Providing information for forecasts, business trends and opportunities for growth
  • Helping the business owner understand the impact of financial decisions
  • Adjusting entries for month end and year end closings
  • Helping a business file their taxes and avoid penalties from the CRA
  • Running audits to make sure a business is financially compliant
  • Analyzing data compiled by bookkeepers to make data-driven financial decisions
• • Professional Bookkeeping Services

  Bookkeeping is the day-to-day process of recording transactions, categorizing them and reconciling bank statements. At Ellis Business Solutions our Bookkeeping services include:

  • Day-to-Day Management of Accounts
  • Maintaining Up-To-Date Records
  • Keeping Businesses Compliant with CRA
  • Preparing GST/HST, WSIB, Source Deductions and EHT submissions
  • Managing Bank Feeds
  • Processing Accounts Payable
  • Sending out customer invoices and managing Account Receivable
  • Preparing and submitting payroll using accounting software or 3rd party companies
  • Keeping an eye on cash flow
  • Preparing the books for Professional Accounting Services