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OUR SERVICES

RENOVATIONS

  • Record missing entries

  • Rectify erroneous entries

  • Bank & credit card reconcilitaions

  • Up-to-date financial statements

EXPERT BOOKKEEPING

  • Proven online bookkeeping processes

  • Tax & bank ready financials

  • Easy document sharing & collaboration

  • Monthly reports

SECOND OPINION

  • Confidential deep-dive review

  • Comprehensive analysis

  • Expert evaluation

  • Actionable recommendations

STRATEGIC ADVISORY

  • Create & implement systems to run your business efficiently

  • Ensure marketing strategies are effective

  • Budgeting & forecasting

  • Asset management

CASH FLOW

  • Implement cash flow systems to ensure you never miss a vendor or tax payment

  • Planned profit

  • Debt reduction planning & implementation

TRAINING

Already have a bookkeeping team in place? We work with your team to ensure they are using proper systems so your bookkeeping is being done accurately and efficiently.

VIRTUAL CFO

  • Turn your books into a tool for growth

  • Implement systems tailored to your business

  • Sustainable business & profit growth

  • Manage accounts payable & accounts receivable

AND MORE!

If you don't find what you need, reach out to us. Should we be unable to meet your requirements, we'll strive to connect you with a suitable expert from our extensive global network of peers.​

Ongoing Bookkeeping
Renovation Jobs
What is a renovation?

It’s not deliberate. You had good intentions. Time runs away from you because you are busy running a business. Before you know it, it’s TAX time AGAIN and you know you’re going to have to spend the weekend getting it done.

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Or maybe you had someone who you thought you could trust but got it all wrong because of their inexperience.

Over time the problem becomes so big that:

  • It has taken over your office

  • It keeps you awake at night

  • You don’t know where to start

  • You’re fearful that CRA will call

  • You have no idea how much income tax or H/GST you owe

  • You are completely in the dark

What's the good news?

We can tame The Bookkeeping Monster because we have a team of highly skilled and dedicated bookkeepers who use The Pure Bookkeeping System to empower business owners in their financial matters, removing confusion, fear and uncertainty and replacing it with clarity, freedom and control.

 

Because every “renovation job” is as individual as you are. We can’t say exactly what we need to do to clean it up, get you up to date or how long it will take. During the initial consultation when we complete a “Health Check” we will explain to you what the problems are and what needs to happen to transform your data file into a source that provides you with reliable information.

 

Essentially though we will do whatever it takes as quickly and efficiently as possible.

Bookkeeping Issues

Some of the issues we will address are:

 

  • Bank Accounts or Credit Cards that don’t reconcile with the Statements

  • Old outstanding transactions in the Bank Account or Credit Card

  • Trade Receivables and Trade Payables don’t balance with the Balance Sheet

  • The Trade Receivables and Trade Payables aren’t “real” i.e. outstanding invoices and bills have already been paid but still showing as outstanding

  • Incorrect previously remitted HST and source deductions

  • Payroll Categories that are incorrectly set up therefore giving you incorrect information 

  • Calculations and Payment Summaries

  • Unreliable Inventory figures

 

The implications of these issues are:

 

  • You may be paying the wrong HST, Income Tax and Source deductions

  • You may be subject to penalties and interest

  • You may be making strategic business decisions based on unreliable figures with dire consequences​

Rescue Jobs
Do You Need Help With Your Bookkeeping?
Reporting

Making sure all the compliance requirements are fulfilled is good bookkeeping. What empowers our clients around their finances is providing them with meaningful reports.

We can provide the standard set of Profit and Loss reports from QB but if you need more information we can provide you with a variety of reports to suit your budget and your needs.

Quarterly Financial Reports

In this report, we make comparisons of this year to last year, this quarter to the same quarter last year and this month to last month. We include the COGS and Expenses represented as a % of the Sales.

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A copy of this report also goes to your Accountant so that they can see in a snapshot, where your business is at and to give a more in-depth analysis of the story behind the figures.

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We recommend this for micro to small business owners who don’t want to grow their business beyond what they can manage themselves.​

Monthly Strategic Board Reports

This set of reports is suitable for business owners needing to make strategic decisions month by month.

 

It includes:

 

  • KPI reports (customised for your business)

  • Budget analysis

  • Cash Flow Analysis

  • A session with a Specialist Bookkeeper to determine your specific KPI’s

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Quarterly Board Reports

Most Sole Proprietors or small to medium sized businesses don’t have a “Board” that they are required to report to each month. We encourage our clients to think and behave they are larger than they really are which has a flow-on effect of generating growth in their business.

 

 On the other hand, some business owners keep a lot of the financial information in their head and manage to run their business successfully for many years. There usually comes a point though where the business has outgrown them and they need to share part of that load. The only way of doing this successfully is to have a set of reports that can be discussed with all the shareholders in the business.

 

The Quarterly Board Reports include:

 

  • The Fitness Review (Board Report) which examine five KPI’s in the business: Cash Flow, Sales, Gross Profit and Net Profit

  • Accounts Receivable and Accounts Payable Collection Rate

  • Current Ratio

  • The Quarterly Financial Reports

  • An analysis by a Specialist Bookkeeper:

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Reporting
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