Duties

Basic bookkeeping is the main gate and foundation of your business finances.

• General Transaction Entry
• Accounts Receivable & Payable Entry
• Update Assets/Equipment Ledgers
• Update Expenses Ledger
• Update Revenue Ledger
• Bank Account Reconciliation
• Credit Card Statement Reconciliation
• Analyzing and posting of petty cash payments
• Trial Balance

Full-cycle bookkeeping builds off that foundation and manages the towers of success.

• Amortization of assets
• Customer and Vendor Tracking
• Inventory Tracking and analysis
• Balance Sheet Reporting
• Monthly/Quarterly & Year End Review
• Inventory Adjusting Entries
• Supplies Adjustting Entries
• Pre-paid and Sundry Entries
• Preparation of year-end review and tax returns

Government Reporting is the flags you fly showing your commitment to your government.

• HST Tracking and Reporting
• EI, CPP and other CRA payroll deductions
• Worker Compensation

Financial Reports are the banners you wave to let people know how profitable your company is.

• Cash Flow Statements - your working capital
• Balance Sheet - what your company owns and owes
• Income Statement - sales, expenses and where the money is
• Inventory Turnover - how long your stock stays on the shelves
• Equity Statement - What your company is worth

With your financial records updated frequently you will have a strong castle to operate your business from. Timely, up-to-date information will let you know if you can invest in that new product line, if you can afford to hire another employee or if your company is ready for that expansion that will take you beyond the original boundary of your dream.

There is a difference between what a Certified Bookkeeper does and what a Certified Accountant does. A certified accountant must be able to do what a bookkeeper does. A certified bookkeeper can do most of the things an accountant does. An Audit is about the only thing that seperates them. Certified Bookkeepers can get you ready, Certified Accountants get you through it.

For the National Occupational Classification descriptions from the Government of Canada check out the following links... Financial Auditors and Accountants : NOC 1111
Bookkeeper : NOC 1231