M.O.M Bookkeeping & Accounting Service

Description

M.O.M's Bookkeeping & Accounting Services provides accounting, bookkeeping, virtual assistants and income tax services for small businesses and Individuals. There are a lot of advantages to outsourcing in order to manage business and personal needs more efficiently. Pay for services rendered only, not for time under-utilized!
--------------------------------------------------- ACCOUNTING Full range of accounting services including bookkeeping, financial statements, and cash flow statements. We also review your current internal controls over asset control, cheque writing and any other area of critical interest to your business and make recommendations to improve your security. Recommend any applications/software that can cut costs on data entry etc. BOOKKEEPING We allow our client to choose the services that they require. We can prepare your bookkeeping requirements according to your needs; weekly, monthly, quarterly, or yearly. ACCOUNTS RECEIVABLE Invoice and statement preparation, mailing or emailing client invoices and statements. Banking and reconciliation of accounts receivable, and when necessary, collection activities. ACCOUNTS PAYABLE Invoice posting, reconciliation with supplier statements, verification of invoice amounts with client, cheque preparation and mailing. GST/HST REPORTS Preparing and filing your GST/HST reports as needed. Most file quarterly or annually, but some are monthly. Electronic filing of your reports whenever possible. Set up GST/HST quick method when appropriate. PAYROLL Preparation of payroll for you and your employees. Making sure that you are compliant with the labour standards board, filing the appropriate documents with the relevant regulatory authorities. Tracking employee data for holiday pay, preparation of Records of Employment (ROE’s) when needed, preparation and filing of T4’s with CRA and ensuring that your Workplace Safety and Insurance Board (WSIB) filing requirements are made and kept up to date. PAYROLL REMITTANCE Prepare and file your payroll remittance forms by the due date INVENTORY We can help you set up and maintain an electronic inventory system to help you better track your cost of goods sold and implement an inventory re-order system. FINANCIAL STATEMENTS Financial statement preparation according to the client’s needs. Monthly, quarterly, semi-annual and annual statement preparation. Call today for a free consultation with Lori.