Bookkeeping
Keeping Your Books & Accounts Updated
At S&S Professional Corporation, our goal is clear: to provide sound financial services and savings in Toronto, so you can focus on your business. We make your bookkeeping and accounting more efficient by taking the time necessary to set up your finances correctly from the start.
Our goal is to improve your financial system in a way that is unthinkable. Cash challenges, wasted valuable time and resources, and missed opportunities. Our accounting and bookkeeping services in Toronto are designed to help you manage your business efficiently, ease the burden of filing taxes, expand sources of income and reduce the stress pressure associated with running your business. As long as we are by your side, you can be sure that you will be well prepared for the future.
S&S Professional Corporation provides professional accounting and bookkeeping services to small and medium-sized companies as well as non-profit organizations. Our services include:
- Certified Bookkeeping
- Accounts Receivable and Accounts Payable Management
- Bank Reconciliation
- Bookkeeping Cleanup
- Payroll Reconciliation
- General Journal and General Ledger Management
- Business and Personal Account Management
- Nonprofit bookkeeping
- Balance sheet preparation and custom reporting
- Cloud computing and e-commerce support
- Profit and loss analysis and equity valuation
Our professional team specializes in creating new businesses or refining existing businesses. We create robust reports and systems to help you better understand your business. We also assist with budgeting and forecasting to facilitate strategic planning, manage GST/HST and tax payments, and integrate existing processes to facilitate good business.
If you are:
- A small-medium sized business or non-profit organization in Toronto
- seeking help with personal finances
- Launching a new venture and prioritizing correct financial management
- Spending inadequate time on bookkeeping and neglecting business development
- Experiencing loss due to mismanaged records or excessive bookkeeping costs
- Unprepared for quarterly and annual tax returns
- Wishing for improved proficiency in QuickBooks
S&S Professional Corporation is the best choice for your bookkeeping and accounting needs. We have a strong track record of experience, client satisfaction and customer satisfaction. Our personal approach allows us to deeply understand each client’s unique needs and allows us to provide clear advice, business expertise and solutions in Toronto.
Why Consider Investing in Bookkeeping and Accounting Services in Toronto?
Liberates Your Time: Instead of dedicating precious hours to accounting and bookkeeping tasks, invest that time in business development, generating sales and increasing revenue.
Enhances Business Management: Competent Bookkeepers and accounting service providers prepare financial reports and educate you on interpreting and utilizing this information to make informed financial decisions, thereby optimizing business operations.
Identifies Profitability Challenges: S&S Professional Corporation can identify strategies to boost your earnings and retain more profits. Understanding and optimizing profit margins is crucial and we specialize in providing insights to achieve success.
Bookkeeping – It’s not that Simple: Despite the claims of accounting software companies, bookkeeping is a skill that requires time and dedication to master.
Professional Bookkeeping Yields Returns: How? S&S Professional Corporation’ Bookkeeping and Accounting services proactively keep you informed about tax obligations, ensuring you remain compliant. Year after year, we uncover savings opportunities for our clients by identifying erroneous charges, duplicate billing, outdated recurring fees and excessive finance and banking charges.
Financial Statements - Simplifying Financial Understanding
Preparing Financial Statements
At S&S Professional Corporation, we spend our time, expertise and resources to help our clients with preparing financial statements. Professionally compiled financial statements make it significantly easier for all stakeholders to grasp the true meaning behind the numbers. Reliable and accurate financial statements are crucial for any business and are widely regarded as essential tools for making informed business decisions.
Why Would I Need Business Financial Statements?
The necessity often arises from requirements such as tax return filings (personal, corporate and trust). Tax liability assessment and planning and decision support. Business financial statements for owner-managed enterprises in Toronto typically serve three main user groups: managers, owners and financial institutions or creditors.
In many jurisdictions, including Ontario, most companies are required to submit corporate financial statements, including profit and loss statements and balance sheets. You should be familiar with certain regulations depending on the jurisdiction where your business is established.
If your company is incorporated in Ontario, you can find more information about business financial statements in Toronto by visiting the following link: Ontario Ministry of Finance – Business Financial Statements.
Our comprehensive reporting, accounting, and business financial statement services encompass:
- Preparation of business financial statements
- Financial audits, reviews and other financial accounting services in Toronto
- Due diligence reporting
- Control and assurance reviews
- Mergers and acquisitions support
- Sales tax/HST/GST services
- External Financing (NTR)
- Bank and Lender Covenants
- Government Filings
- Adherence to GAAP
- Financial forecasting
- Specialized reporting requirements
Deciding on the Suitable Reporting Level
S&S Professional Corporation experts evaluate the suitability of the reporting by researching your company from its working environment, its strengths and weaknesses. In addition to meeting client’s needs, the needs of other users of financial information must also be taken into account.
Audit Engagement Report:
This offers the highest level of assurance on a business’s financial statements. It involves meticulous review and objective examination of the financial statemetns in Toronto. The audit process includes assessing internal controls, testing selected transactions and liaising with third parties. Based on the findings, the chartered accountant firm issues a report on whether the financial statements are fairly presented and free of significant misstatements.
Review Engagement Report:
This provides an unbiased (and unbiased) look on the business’s financial statements in Toronto. S&S Professional Corporation experts collect sufficient evidence and take the necessary steps to establish an adverse communication regarding the integrity of the information provided.
Note to Readers:
These are business financial statements prepared without audit or review. As chartered accountants in Toronto, we prepare financial statements for our clients, presneting information in our capacity as a “representation of management” without expressing an opinion or providing assurance.
Typically, banks and other creditors prefer audited or reviewed financial statements in Toronto as part of their lending requirements.
Why choose S&S
Contact Info
- 814 Gazley Cir, Milton, ON L9T 6M2
- +1 (647) 498 4000
- info@sscpas.ca
