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Bookkeeping Services | BIZZTEC

Bookkeeping Services

We are a full-service accounting and bookkeeping service provider with 25 years history of helping clients achieve their business goals. No business is too small or too large - our services include everything from simple bookkeeping to full outsourced accounting service – and anything in between.

Our services include the free use of our state-of-the-art Online Accounting Software which is accessible from anywhere at any time. This enables us to work with you as if we were in your own offices. Multiple users can work on the system at the same time. For instance, you can create a sales invoice, someone else a purchase order and yet another can update your bank deposits – all simultaneously. Better yet, because our software is based online all of your records will be updated in real-time and accessible from anywhere in the world, regardless of where the information was recorded.

We analyze financial results monthly to help management and stakeholders understand and control their costs and cash flows. We deliver real-time trend and cost reporting online to your computer anywhere, anytime to help our clients meet their accounting and financial management challenges. 

Monthly services include:
  • Banking and bank reconciliations
  • Monthly financial statements and review
  • Sales tax filings
  • Accounts payable maintenance
  • Accounts receivable maintenance
  • Cash flow management
  • Costs control
  • Payroll
  • Advising financially distressed companies

Banking and Bank Reconciliations

  • Update payments
  • Record deposits
  • Reconcile bank accounts
  • Follow up on any NSF receipts
  • Reconcile credit card receipts with merchant statements

Monthly Financial Statements and Review

  • Prepare detailed monthly financial reports
  • Review results with management
  • Prepare goals and objectives going forward based on current results
  • Investigate variances to budget and report to management
  • Investigate underperforming products and gross margins and suggest solutions

Sales Tax Submissions

  • Monthly HST/GST or any other applicable sales tax calculation and submission
  • HST registration
  • Liaise with government auditors in case of tax audits

Accounts Payable Maintenance

  • Reconcile supplier invoices recorded in client books with supplier statement
  • Verify that goods were received before recording supplier invoices
  • Pay suppliers
  • Maintain accounts payable aged list

Accounts Receivable Maintenance

  • Prepare customer statements
  • Collect all amounts due
  • Maintain accounts receivable aged list