Accounting & Bookkeeping Services
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- 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
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- 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