Ortus Accounting Inc. offers a wide range of accounting and bookkeeping services in the City of Toronto and GTA. Our fair proceed services are designed to keep the financial side of your business running efficiently and effectively. From monthly and quarterly bookkeeping, interim financial statements preparation and analysis, accounting software consulting and training, we ensure to deliver the accounting data and guidance essential to achieve your company’s financial goals and objectives.
Poor accounting is one of the major reasons why a lot of businesses fail. Without proper accounting and bookkeeping, you are blindly drinking your business off the cliff.
Here are the main reasons why you should consider working with Ortus Accounting.
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We will help with the budget for the future. We help our clients to organize income and expenses to make it easier to review operating expenditures and financial resources. Our interim financial statements will be able to create a roadmap for future expansion of your business. It includes planning for the upcoming operating and capital expenditures, financing, resources required to cover potential cash outflows
Small Business Bookkeeping Oshawa
With only very few exceptions, every person (individual or corporation) in Canada has to file an income tax return every year. And every year a lot of business owners scrambling through their paperwork to find missing documents need to file taxes on time. Sounds very familiar to you? Our company can make a tax process for your business much more efficient by simply having outsourced your bookkeeping tasks to our firm.
Timely bookkeeping is also important for small business owners’ personal income tax filing as well. For most of the business owners, income from their businesses is the largest source of their income. And in order to earn as much as you need or require, one needs to ensure that your business is successful and profitable first.
Working with Ortus Accounting and having all the bookkeeping processes in place, you can easily have all the financial information ready for tax season. And instead of scrambling from fire to fire every tax season, we can organize all your financial information in one place.
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Another important feature in working with our firm is an organization of all financial information required for our client. Being well organized is something every bookkeeping or accounting firm needs to possess. Business owners should be able to get information they require from accounting records as quickly as possible to make informative strategic and operating decisions. Bookkeeping records should not be a mess, but nonetheless, a lot of bookkeeping firms cant ensure that.
There are always various parties that will be interested in your company’s books and records – CRA, potential investors, financial institutions, lenders, etc. And we ensure that you will be able to provide all the information requested by these parties, which is vital for your ongoing operations. And typically, if the information is not provided on time, for example to CRA, could result in additional interest and penalties. Or if you fail to provide required information to potential investors or lenders, it will most definitely result in stoppage of cash flows coming in. If your books and records are disorganized and messy, it will cause the relationship with mentioned parties to go sour quickly or even terminate altogether at once.
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Our firm helps business owners and managers to analyze business records and operational and financial performance as efficiently as possible. The final product of any booking is financial interim and annual financial statements. These are the documents that should be ready, available and easily generated for business performance analysis. And our firms deliver them monthly or quarterly to our clients. Using these reports you will be able to review your company’s performance and plan ahead for your cash inflows and outflows. Properly prepared analysis will provide you with the answers of profitability of each of your services (what are working and what are not). As a result, it helps management and business owners to focus more strengths your company has, as well discover and improve weaknesses in operations.
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Working with our firm will help you in your business decision making. With proper analysis of the accounting information from interim or annual financial statements, comes better decision making. And in order to do that, management needs to have access to this information. And you can rely on our company to deliver that on monthly or quarterly bases, or as agreed upon.
Outsourced Bookkeeping Oshawa
In simple terms, bookkeeping presents business owners and management with a past performance of a company. And in order to effectively plan for the future, one needs a good understanding of the past. And accounting records prepared by Ortus Accounting will give you a clear understanding of what exactly works in your company, and what does not. Moreover, proper bookkeeping records prepared by our firm in addition to regular strategic purposes, will help you in tax planning as well. It will give enough information to correctly prepare income tax returns by accurate categorization of income and expenses, assets and liabilities. For instance, you can definitely structure expenses in your company to be more favorable. It includes adding to regular meetings with your clients lunch or dinner, which in turn can have potential tax benefits for your business operations.
Accurate bookkeeping will make your life easier when dealing with the investors. Potential investors always want to know the financial performance of a company before they actually want to lend a company money or quantify the value of their investments. And the financial statement actually does that. Basic reports such as balance sheets, income statements, and most importantly cash flow statements all show the proper value of your business.
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Outsourcing with our firm will allow you to focus more on your business goals and objectives. A lot of business owners, especially small business owners, still believe that a potentially small budget that they have will not allow them to hire a good accountant or bookkeeper and work with him/her regularly. But if you would put your mind in how much efforts and time you would save by trying to navigate through your own finances without professional guidance and oversight, and not even mentioning errors that typically incurred if business owners decide to do their own bookkeeping and even file tax returns and related financial losses that also result from poor business decisions. Thus, the benefits of working with a bookkeeper would certainly outweigh the cost in the long run.
Accounting and bookkeeping services near me Oshawa
For more information or to receive a free consultation, call us at (647) 877-5605 or complete contact form.