Comprehensive Accounting Services

Accurate bookkeeping forms the backbone of every successful business. Our monthly bookkeeping services include categorizing all financial transactions, reconciling bank and credit card accounts, and maintaining a clean general ledger that reflects the true financial position of your business. We ensure that every transaction is properly recorded and classified according to your chart of accounts, so your financial data is always reliable and audit-ready.

Financial statement preparation is a core part of our accounting services. We prepare the three essential financial statements on a monthly or quarterly basis: the balance sheet, which provides a snapshot of your assets, liabilities, and equity at a given point in time; the income statement (profit and loss), which shows revenue, expenses, and net income over a specific period; and the cash flow statement, which tracks the movement of cash in and out of your business across operating, investing, and financing activities.

We also manage accounts payable and accounts receivable processes, ensuring that your bills are paid on time and your customers' invoices are tracked and followed up on promptly. For businesses looking to modernize their financial operations, we provide cloud accounting setup and ongoing support for platforms including QuickBooks Online, Xero, and FreshBooks. We integrate these platforms with your banking and payment systems so that transaction data flows automatically, reducing manual data entry and the risk of errors.

Businesses operating in both the US and Canada face unique accounting challenges that go beyond standard domestic bookkeeping. Multi-currency accounting requires tracking transactions in both USD and CAD, properly recording foreign exchange gains and losses, and ensuring that financial statements are presented in the appropriate functional currency for each entity. We configure your accounting software to handle multi-currency transactions seamlessly, applying the correct exchange rates at the transaction date and period-end revaluation rates.

For businesses with entities in both countries, we handle the consolidation of US and Canadian financial statements into a unified view. This includes eliminating intercompany transactions, translating foreign entity financials into the parent company's reporting currency, and preparing consolidated balance sheets and income statements. GST/HST tracking and filing for Canadian operations is handled as part of our ongoing bookkeeping services, ensuring that input tax credits are properly claimed and remittances are filed on time.

Intercompany transaction documentation is critical for cross-border businesses to support transfer pricing compliance. We maintain detailed records of all transactions between related entities — including management fees, licensing payments, and intercompany loans — ensuring they are documented at arm's length terms. Our transfer pricing documentation services support the preparation of contemporaneous documentation required by both the IRS and the CRA. For businesses with employees in both countries, we manage cross-border payroll accounting, tracking the distinct employer obligations for US FICA, state unemployment taxes, Canadian CPP contributions, and EI premiums.