Bookkeeping

The example shows the electricity expense account which is on page 21 of the ledger. The name of the account ‘Electricity Expense’ and its account code 640 are also shown in the heading. Managing your accounting activities and accurately identifying your accounting needs should not be left to chance or unpleasant regulatory surprises. Companies, big […]

This accounting method is useful for businesses with inventory or accounts payable and receivable. Business bank accounts should always be kept separate from personal bank accounts. Additionally, it’s important to recognize that the term “accounts” in bookkeeping refers to certain groups of transactions, rather than to actual business bank accounts. The business Chart of Accounts

By providing tax services as well, we help keep you informed and ahead of the curve, so there are no surprises at year-end. Our mission is to streamline your accounting and taxes so you can go back to growing your business. We also specialize in accounting, tax returns, HST returns, WSIB invoicing, small business start

This flexibility enables business owners, managers, and accountants to stay connected and make informed decisions even when they are not physically present at the office. Regarding data extraction, AI-powered systems can automatically extract relevant financial information from various sources, such as invoices, receipts, and bank statements. This eliminates the need for manual data entry, reducing