Bookkeeping Services for Edmonton Businesses
Accurate and current bookkeeping provides the foundation for reliable financial statements, tax filings and business decisions.
Seniuk & Marcato, Chartered Professional Accountants provides monthly, quarterly and catch up bookkeeping services for corporations, owner managed businesses, professional practices, contractors, retailers, agricultural businesses, condominium corporations and not for profit organizations in Edmonton and throughout Alberta.
Our bookkeeping services are provided as part of a full service CPA firm. This allows your bookkeeper to work with the professionals responsible for your year end financial statements and corporate tax return. Questions can be addressed during the year, records can be prepared properly for year end, and the accounting process becomes more coordinated.
Bookkeeping Services Available
Depending on the needs of your business, our services may include:
- Recording and reviewing business transactions
- Reconciling bank and credit card accounts
- Maintaining accounts receivable and accounts payable records
- Recording payroll transactions and remittances
- Tracking GST collected and input tax credits
- Preparing information for GST returns
- Recording loans, equipment purchases and shareholder transactions
- Reviewing the general ledger for unusual or incorrectly recorded items
- Producing monthly or quarterly financial reports
- Preparing accounting records for the corporate year end
- Cleaning up incomplete or outdated accounting records
- Assisting with QuickBooks Online setup and ongoing use
The exact services provided will be established based on your transaction volume, accounting system, reporting needs and the work that you prefer to continue completing internally.
Monthly and Quarterly Bookkeeping
Monthly bookkeeping is generally appropriate for businesses with regular transaction activity, employees, GST reporting requirements, accounts receivable or accounts payable.
Quarterly bookkeeping may be appropriate for a smaller business with fewer transactions and limited reporting requirements.
We can review your business activity and recommend a service schedule that provides appropriate financial information without creating unnecessary cost.
Catch Up and Cleanup Bookkeeping
If your accounting records have fallen behind, our team can help bring them up to date.
Catch up bookkeeping may include completing bank reconciliations, reviewing uncategorized transactions, correcting account balances, identifying missing information, reviewing GST records and preparing the accounting file for year end.
After the records have been brought up to date, we can establish a monthly or quarterly process to help prevent the same problems from recurring.
QuickBooks Online Support
Seniuk & Marcato supports more than 200 clients using QuickBooks Online and holds QuickBooks Online Advanced ProAdvisor certification.
We can assist with setting up QuickBooks Online, reviewing the chart of accounts, connecting banking information, correcting existing records and developing a practical bookkeeping process for your business.
Accounting software can improve efficiency, but the records still require appropriate setup, reconciliation and professional review. Our team can help ensure that the information produced by the accounting system is reliable and useful.
Bookkeeping That Connects With Your Year End
When bookkeeping and year end accounting are completed separately, information can be duplicated and questions may not be identified until several months after the transaction occurred.
Having your bookkeeping coordinated through your accounting firm can help:
- Reduce year end corrections and information requests
- Improve the accuracy of GST and payroll accounts
- Identify unusual transactions earlier
- Maintain clearer shareholder loan records
- Make corporate tax preparation more efficient
- Provide management with more current financial information
- Create continuity between monthly records, financial statements and tax filings
Is Your Business Ready for Bookkeeping Support?
Bookkeeping assistance may be useful if:
- Your bookkeeping is several months behind
- Bank or credit card accounts have not been reconciled
- GST reporting has become difficult or time consuming
- You are uncertain whether transactions are being recorded correctly
- Your accountant makes extensive corrections at year end
- Your business has grown beyond what you can comfortably manage yourself
- Bookkeeping is taking time away from operating your business
- You want financial information during the year rather than only at year end
Contact Seniuk & Marcato
Seniuk & Marcato is currently accepting new monthly, quarterly and catch up bookkeeping engagements.
If you would like assistance maintaining your accounting records, please contact our Edmonton office at 780 482 3431 or use our website contact form. We can discuss your existing accounting system, the work you require and an appropriate service schedule for your business.
Bookkeeping, accounting and tax requirements vary depending on the nature and circumstances of each business. Services and fees will be confirmed after we have reviewed the expected scope of work.
