Professional Accounting Solutions

Professional

Services

Accounting Expertise offers professional accounting services for individuals and businesses. Our services include personal and corporate tax filings, bookkeeping, payroll, accounts receivable, accounts payable, and QuickBooks setup. 

Advantageous

Tax Preparation

Tax filing services include the filing of personal income taxes by the April 30th deadline and for self-employed persons by the June 15th deadline. Any amounts owed to Canada Revenue Agency need to be paid by April 30th to avoid penalties. Corporate taxes are due at various times throughout the year and any amounts owed need to be paid within six months of year end. Accounting Expertise takes a pre-emptive approach with regard to tax planning to maximize your tax breaks. We identify opportunities to protect your earnings and safeguard your assets. We will assist you to stay in-compliance with due dates in order to avoid penalties. 

Our bookkeeping services encompass the recording of all monetary activity which includes the chart of accounts (cash, accounts receivable, inventory, accounts payable, loans payable, expense accounts, and payroll expenses). Our accurate recording of day-to-day financial transactions and information is summarized annually, quarterly, monthly, and/or daily. Accounting Expertise bookkeeping records are precise which allow for reliable financial analysis and comparisons for effective financial decision-making.

Employee Priority

Payroll

Employee compensation consists of the gross amount calculated by the number of hours or weeks worked by their pay rate, less taxes and withholdings (Employment Insurance and Canadian Pension Plan). At Accounting Expertise, our payroll services simplify common payroll procedures, ensuring that the summation of monetary compensation (including accrued vacation and personal time, overtime, sick pay, and other financial variables) is accurate. 

Accounts payable services include the preparation and processing of payments owed to a supplier for goods or services purchased on credit. Accounting Expertise accounts payable services help you to regulate positive cash flow and build stronger relations with your suppliers by processing invoices in a timely manner, adhering to payment terms, and avoiding default. We will always ensure that you are informed of upcoming payables so that you can maintain your accounts and reputation. 

Positive Cash flow

Accounts Receivable

Accounts receivable services include the preparation and collection of payments owed from a client or customer for goods or services which were sold on credit. At Accounting Expertise, our accounts receivable services focus on increasing cash flow by the timely obtainment of monies owed within the terms of agreement with the client. We record sales, track monies owed, promptly deliver invoices, reduce open balances, minimize write-off expenditures, and improve collection rates.  In case of payment default, we issue a penalty, interest payment, or the cancellation of credit if necessary.

QuickBooks is a downloadable software program which we can help you set up. Our service includes software installation, defining your QuickBooks starting date, designating your chart of accounts according to your industry and accounting package (including payroll, accounts receivable, inventory, accounts payable, etc.), transferring all of your balances into the system, and entering adjusting entries to correct for any previous years’ errors. The Accounting Expertise QuickBooks setup service organizes your information proficiently and in an easy-to-maintain manner.