Compilation Engagements
Preparation of your businesses financial statements in accordance with the professional standards, keeping the needs of the users in mind. Accounting and financial systems are the core for any individual and small business decisions. Year-end financial statements allow the user to know where their business stands and how it has performed over time. This can be of great assistance when making important business decisions, and provides valuable insights to help you improve your business financial performance.
Compilation Engagement Report includes:
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The business balance sheet and income statement
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A caution to readers of the statements that they may not be appropriate for their use
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When necessary notes are accompanied with the financial statements
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Corporate Income Tax Return (T2)
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Analyze and interpret your financial statement information
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Prepare journal entries to record complex transactions
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Prepare year end adjusting journal entries
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Suggest how to reduce taxes
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Look for expenses that are not being claimed
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Find inconsistencies from year to year
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Avoid Canada Revenue Agency (CRA) red flags
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Act as an advocate to help resolve issues with CRA
Our Accounting and Financial Services include:
Management Consulting Services
Many small businesses could use the services of a CFO or controller, but can’t afford to hire an in-house expert. By partnering with us, you’ll get all the benefits of having financial advisory services at a fraction of the cost. We have the skills, experience, and expertise to provide solutions to management concerns that clients may have in the areas of:
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Budgeting and forecasting
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Cash flow projections
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Financial analysis
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Business plans and financing proposals
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Accounting process setup, improvement and documentation
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Job costing, reporting and training
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Chart of accounts optimization
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General advice to assist in management decision-making