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Bookkeeping-Peterborough 2021-09-01T15:51:59+03:00

Bookkeeping Services Peterborough Ontario

Ortus Accounting provides accounting, bookkeeping, controller and software training services in Peterborough Ontario.

Are you receiving A full value for the money you pay for the bookkeeping services?

Bookkeeping Services Peterborough

Without a solid foundation of the accurate bookkeeping, financial statements or income tax return are meaningless. First of all, proper bookkeeping gives companies a reliable measure of their financial performance. Secondly, it helps to effectively manage cash flows, make strategic decisions and evaluations. Most importantly, it helps to achieve tax compliance, and provides reliable financial data to investors and business owners. In short, once a business is up and running, spending extra time and money on maintaining proper records is critical. Besides that, you are required under the law to maintain accurate books and records. In fact, “poor accounting” is one of the top reasons businesses fail. Without reliable bookkeeping, you are blindly driving your business off a cliff. And At Ortus Accounting, our team is here for you!

Our ongoing bookkeeping service is the effective way to get up-to-date, meaningful and well-organized financial records regardless of the location, industry or business cycle of your company and without administrative and financial costs of hiring a full-time employee

Whether you are growing or well-established business, individually owned or franchise operation, we are here to help. Our firm will provide bookkeeping solutions you require and deliver high-quality, reliable, uninterrupted and timely professional services essential for growth and success of your business.

At Ortus Accounting, we have the expertise, system and resources to continuously manage and maintain your company’s financial records in compliance with the accounting and income tax rules and regulations. Our team ensures that your financial statements and corporate tax return are based on a reliable and audit proof bookkeeping. Your records will be prepared with at most due professional care and in a timely fashion.

You only will pay for the services you need, and only when you need them. We don’t outsource your bookkeeping – all bookkeeping is done by real humans in Toronto. We will provide you with the necessary support for your ongoing success. Our clients receive practically immediate access to their financial records once the bookkeeping is complete. We currently serve the areas of Toronto and GTA.

Our company provides the best bookkeeping services money can buy!

In sum, we will properly account for all of your revenues and expenses, reconcile bank and credit card accounts. We can also manage your accounts payable and accounts receivable. We also ensure that sales taxes, employer health tax, WSIB and payroll deductions accurately accounted for and filed on time. Therefore, we will work closely with your company to ensure that you receive the best personalized service available.

Our company provides the following bookkeeping and general accounting services that are tailored to meet your business needs and goals:

  • Bank and credit card reconciliation

  • Correct set of your chart of accounts

  • Data migration from older software applications into QuickBooks

  • Record all the revenues and expenses

  • Manage accounts receivable and accounts payable

  • Accounting for capital assets, inventory, loans, mortgages and leases, related-party transactions

  • Merchandising operations/COGS, foreign exchange and multiple currency, payroll, out-of-pocket expenses, petty cash, etc.

  • Prepare and file GST / HST returns, WSIB and EHT

  • Interim financial statements (for your personal use) and advisory

  • Year-end support including year-end documentation and schedules require for the compilation of notice to reader financial statements


We offer monthly, quarterly or annual bookkeeping services.

THE PROCESS:

  • Send your documents – email or courier to our office

  • We work – we review and process financial and operations documents provided

  • We follow-up – If there are unknown transactions or suspicious financial activity, we will ask you to clarify and/or provide support

  • Review – upon completion of the bookkeeping, we email you management reports and general ledger for review and approval

BENEFITS OF OUR SERVICES INCLUDE:

  • Improve quality and timeliness of financial information

  • Quick response to your email or telephone inquiries

  • Improve management and financial decision-making abilities

  • Free up valuable time that can be used for a business development

  • Keep track of important deadlines for government filings and payments

  • Achieve greater efficiency by involving an outside expert

  • Same bookkeeper works for you to guarantee quality and efficiency

  • Provide valuable advice on what needs to be changed on the spot to comply with CRA requirements
  • Stay on top of your paperwork by organizing and filing it
  • Minimize exposure from accounting personnel turnover

  • Strict quality control and full support from our office

Contact us for a free consultation to determine which type of bookkeeping is required or beneficial for your business.

Additional information

Small Business Bookkeeping Peterborough

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.

Bookkeeping Services Peterborough Ontario

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 Peterborough Ontario

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.

Bookkeeping Services near me Peterborough Ontario

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.

Online Bookkeeping Peterborough Ontario

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.

Monthly Bookkeeping Peterborough Ontario

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 Peterborough Ontario

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.

Bookkeeper Peterborough Ontario

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.

QuickBooks Bookkeeping Peterborough Ontario

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 Peterborough Ontario


For more information or to receive a free consultation, call us at (647) 877-5605 or complete contact form.

ADDITIONAL SERVICES

controller

bookkeeping

GET IN TOUCH

CONTACT INFORMATION

1 King Street West, Floor 4800, Suite 177
Toronto, ON M5H 1A1
Phone: (647) 877-5605
Email: info@ortusaccounting.com