Outsourcing Bookkeeping Services for Canadian Accounting Firms
Balancina’s outsourcing bookkeeping services are specifically designed for accounting firms in Canada. Many firms provide small business bookkeeping and accounting services, and we offer a comprehensive suite of solutions tailored to meet their needs efficiently and cost-effectively.
Bookkeeping Services
Our bookkeeping services in Canada cover a wide range of accounting tasks, including:
- Recording and categorizing financial transactions
- Bank and credit card reconciliations
- Expense report management
- Chart of accounts management
- Income and expense categorization
- Sales invoice entry
- E-commerce reconciliations (e.g., eBay)
- Inventory management
- Payment preparation
- HST lodgement and reporting
Payroll Services
Balancina also provides payroll solutions in Canada to streamline your payroll processes:
- Employee terminations and Record of Employment (ROE) management
- Annual T4 generation and delivery
- Monthly direct deposit payroll processing
- WorkSafe/WSIB and Employer Health Tax preparations
Accounts Payable and Receivable Services
We assist Canadian payroll companies and accounting firms with:
- Up-to-date accounts payable listings
- Paperless invoice management
- Automated invoice submission and entry
- Invoice payments and vendor reconciliations
- Employee expense reimbursements
- Issuing invoices to clients
Management Accounts
Our management accounting services help firms provide strategic insights:
- Budgeting, forecasting, and financial analysis
- Preparation of financial reports
- Accruals and prepayment schedules
- Variance analysis reports
Tax Return Preparation Services
Balancina’s tax specialists are experts in Canadian tax regulations and use advanced software to prepare personal and business tax returns. Outsourcing tax services allows firms to focus on growth while increasing profitability during tax season. Our services include:
- GST and HST filings
- Comprehensive support for payroll service providers in Canada, including seamless online payroll processing
