Stay on Track with the Right Bookkeeping Services
Bookkeeping is ensuring that the key financial information is properly documented in the right accounting books. Without auditing, bookkeeping services, the accounting process cannot be carried out.
Financial statements like the Balance Sheet and Income Statement are prepared on the basis of data from the accounting books. To ensure that there is no error while preparing the books, we at Billah and Associates Inc. help you with all your accounting and bookkeeping services for small businesses needs.
Why Should You Hire Professional Bookkeeping Services?
If concentrating on bookkeeping shifts your focus from taking your business to the next level, then you should hire professional bookkeepers. You focus on business development, while we at Billah and Associates Inc. will ensure that all your business transactions are recorded in the right books.
Reasonably cost, here are the bookkeeping services we provide:
Chart of accounts:
This is the listing of all accounts that are found in the general ledger. There is a classification of accounts into various heads like
3. Owner’s equity
4. Revenue or expenses.
There are various subcategories under these heads like cash, account receivables, common stock, cost of goods sold, and so on.
Reconciliation – We help in reconciling the bank statement with the cash receipts and payments to ensure accounting records are accurate. This also includes the preparation of the receivable and supplier statements with the outstanding invoices and bills respectively.
Recording transactions – Your transactions need to be maintained using the double entry system. We ensure that there are two entries for all transactions, debit, and credit. The debit and credit need to be recorded in the right account so that books can be closed on time.
Balancing of books – We balance the clients’ books every quarter where the debits and credits are tallied. Once this is complete, the trial balance is prepared.
Financial statements – Once the books are balanced, the data is then used for the preparation of financial statements like:
1. Balance Sheet
2. Income Statement and
3. Cash flow statement
Our bookkeeping professionals will provide end-to-end solutions starting with the classification of transactions to generating required data for preparing financial statements.
What Gives us the Edge?
We have proven expertise in the field of accounting and taxation services and given our award-winning performance, you can trust Billah and associates with your bookkeeping services requirements.
Our highly trained bookkeepers will ensure that your transactions are recorded in the double entry system under the proper heads. When entries to your books of accounts are accurate, so are the financial statements. Our services are available in Toronto. Let us at Billah and Associates Inc. take care of your bookkeeping, while you take your business to new heights.
Mon - Fri : 9:00am - 6:00pm
Weekends : By appointment
Bookkeeping Services firm Toronto
Whether you’re a small business owner, a manager at a mid-sized corporation, or a self-employed freelancer, the team at Billah and Associates Inc. is at your service. We offer comprehensive bookkeeping accounting designed to keep your finances in check.
Our bookkeeping services is an affordable and efficient way to get small and large sized businesses up-to-date with their bookkeeping records. Each of our clients is assigned a personal bookkeeper from our Canadian office, ensuring that your books are properly maintained. Our certified bookkeepers are able to customize a bookkeeping solution around your needs.
Our Bookkeeping Services Include:
- Accurate and valuable information / Flexible packages / Quick response time
- Set-up of books
- Accounts payable
- Accounts receivable
- Bank Reconciliations
- Expense reports
- Financial statements
- Cheque preparations
- Multi-currency bookkeeping
- Prepare your financials and tax returns at year end
Get Your Bookkeeping Under Control
Keeping track of financial transactions such as purchases, sales, and payments takes a fair amount of time, energy, and patience. As a business owner or manager, you probably have a lot of other things on your plate. So don’t struggle to keep up with all that number-crunching and paperwork. Our reliable bookkeeping services are designed to make your life easier so that you can focus on what you do best.
At Billah and Associates Inc., we’re dedicated to client satisfaction, and we’re prepared to go the extra mile to earn your business and trust. We pride ourselves on attention to detail in all that we do, and we’re ready to put our skills and knowledge to work for you. For more information about our bookkeeping services or to schedule a consultation, call us today 647-241-5126.
- Accounts Receivable, Accounts Payable, General Ledger, Managing bank and general ledger reconciliations
- Preparing Invoices, Month/Year End closing
- Processing credit card transactions
- Preparing financial statements ( Income Statements and Balance Sheet)
- HST, Source Deductions, T4’s, T5’s, Contractor’s Reporting and WCB Filing
Bookkeeping in Mississauga and Toronto (GTA) ON