Our Services

Company Incorporation

Our incorporation services provide a solid foundation for your business, ensuring that you start your journey with the right structure and all legal requirements satisfied. We focus on creating a smooth incorporation process, allowing you to concentrate on developing your business while we handle the administrative complexities.

Full Cycle Bookkeeping Onsite and Offsite

Effective bookkeeping is the backbone of financial management for any organization. At Finan$ica, we offer comprehensive full-cycle bookkeeping services, both onsite and offsite, tailored to your specific needs and preferences.

Our Full Cycle Bookkeeping Services Include:

• Recording and categorizing all financial transactions
• Accounts payable and receivable management
• Regular bank reconciliations
• Preparation of financial statements (income statements, balance sheets, cash flow statements)
• Payroll processing and management
• GST, HST, and other tax filings
• Year-end financial preparation for tax filing

Our flexibility in offering both onsite and offsite services ensures that we can adapt to your business structure and preferences. Whether you prefer having our professionals work directly in your office or remotely, we deliver the same level of detailed attention and accuracy, providing you with clear insights into your financial health and empowering informed decision-making.

QuickBooks Installation and Training

QuickBooks is a powerful tool for managing your business finances, but maximizing its benefits requires proper setup and knowledge. As certified QuickBooks experts, we provide comprehensive installation, setup, and training services.

Our QuickBooks Services Include:

• Software installation and system configuration
• Custom setup based on your business needs and industry
• Chart of accounts creation and customization
• Data migration from previous accounting systems
• Personalized training for you and your team
• Ongoing technical support and troubleshooting
• Advanced feature implementation (inventory, job costing, etc.)

Our goal is to ensure that you can confidently manage your day-to-day bookkeeping with QuickBooks. We don't just set up the software; we empower you with the knowledge and skills needed to leverage its full potential, backed by our continuous support whenever questions or challenges arise.

GST, HST, & WCB Bookkeeping

Navigating the complexities of GST, HST, and Workers' Compensation Board (WCB) requirements can be challenging for businesses. Our specialized bookkeeping services in these areas ensure compliance and optimize your financial position.

Our GST, HST, & WCB Services Include:

• GST/HST registration and setup
• Accurate tracking of all GST/HST collected and paid
• Preparation and filing of GST/HST returns
• Management of GST/HST remittances
• WCB registration and account management
• Calculation and processing of WCB payments
• Compliance with changing regulations and requirements
• Strategic planning to optimize tax positions

Our expertise in these specialized areas ensures that your business remains compliant while also taking advantage of all available deductions and credits. We stay updated on the latest regulations and requirements, providing peace of mind that your GST, HST, and WCB matters are handled correctly and efficiently.

Accounts Payable and Receivable Management

Effective management of accounts payable and receivable is crucial for maintaining healthy cash flow and strong business relationships. Our comprehensive services ensure that your payment processes run smoothly and efficiently.

Our Accounts Management Services Include:

• Vendor invoice processing and verification
• Payment scheduling and management
• Client invoice generation and distribution
• Collection management and follow-up
• Aging reports and analysis
• Cash flow forecasting and management
• Payment reconciliation and dispute resolution
• Integration with your accounting software

Our meticulous approach to accounts payable and receivable management helps prevent cash flow disruptions and maintains positive relationships with both vendors and clients. We implement efficient systems that reduce processing time, minimize errors, and provide clear visibility into your financial obligations and expected income.

Payroll Services and Remittances

Payroll processing involves complex calculations, strict deadlines, and compliance with ever-changing regulations. Our comprehensive payroll services ensure accuracy, timeliness, and full compliance, freeing you to focus on your core business activities.

Our Payroll Services Include:

• Employee setup and maintenance
• Calculation of salaries, wages, and deductions
• Processing of regular and special payments (bonuses, commissions, etc.)
• Direct deposit management
• Preparation and distribution of pay stubs
• Calculation and remittance of payroll taxes
• Preparation of T4s and other year-end forms
• Compliance with federal and provincial regulations

Our payroll experts stay current with all relevant legislation, ensuring that your payroll processes remain compliant with the latest requirements. We handle the complexities of payroll processing and tax remittances with precision, providing you and your employees with reliable, accurate, and timely payment management.

Financial Statements

Comprehensive financial statements are essential tools for understanding your business's financial health, making informed decisions, and meeting reporting requirements. Our financial statement services provide accurate, timely, and insightful reports tailored to your needs.

Our Financial Statement Services Include:

• Preparation of income statements (profit and loss)
• Creation of balance sheets
• Development of cash flow statements
• Customized financial reporting for management
• Comparative analysis with previous periods
• Key performance indicator tracking
• Financial statement interpretation and consultation
• Preparation of statements for loans, investors, or regulatory requirements

Our detailed financial statements provide a clear picture of your business's performance and position, helping you identify trends, opportunities, and potential concerns. We don't just deliver numbers; we offer insights and explanations that help you understand what those numbers mean for your business's present and future.

Bank Reconciliation

Regular and accurate bank reconciliations are fundamental to maintaining the integrity of your financial records. Our meticulous bank reconciliation services ensure that your books align perfectly with your banking activities, catching discrepancies before they become problems.

Our Bank Reconciliation Services Include:

• Regular matching of all transactions with bank statements
• Identification and resolution of discrepancies
• Tracking of outstanding checks and deposits
• Detection of unauthorized transactions or errors
• Verification of bank fees and interest calculations
• Documentation of reconciliation processes
• Reporting of reconciliation results and findings
• Recommendations for improved cash management

Our thorough approach to bank reconciliations provides an essential financial control, helping prevent fraud, identify errors, and ensure that your financial records accurately reflect your true financial position. This service is vital for businesses of all sizes and forms the foundation for reliable financial reporting and decision-making.

Personal and Corporate Tax Returns

Tax preparation and filing can be complex and time-consuming, with significant consequences for errors or missed opportunities. Our comprehensive tax services for both individuals and businesses ensure compliance while maximizing legitimate deductions and credits.

Our Tax Return Services Include:

• Preparation and filing of personal income tax returns
• Preparation and filing of corporate tax returns
• Strategic tax planning to minimize tax liability
• Identification of all applicable deductions and credits
• Analysis of tax implications for business decisions
• Management of tax installment payments
• Representation during tax reviews or audits
• Year-round tax advice and consultation

Our tax experts stay current with the ever-changing tax codes and regulations, ensuring that your returns are accurate, compliant, and optimized for your financial benefit. We work proactively to identify tax-saving opportunities while maintaining full compliance with all applicable laws and regulations.