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