Items offered in our small business setup services:
Business Registration
Setup CRA payroll &/or GST/HST accounts
Annual filing for C-Corp
We will walk you through setting up your new business
You as the entrepreneur want to take your idea to the next level, there are many decisions you will have to make along the way — we’re here to guide you through these decisions.
Choose your business type
We will walk you through the differences to allow you to determine the best fit for your new business
Be compliant with the CRA
We provide you with up-to-date book so that required filing can be done on time
A proven process for full ownership of receivables
Invoice issuance
Updated AR listings
Payment collection and follow up
Vendor/purchaser reconciliations
Don’t let late payment turn into nonpayment
Invoicing your customers should mean money in the bank, not revenue written off. The longer it takes for a business to collect money on accounts receivable, the less likely the business is to ever collect that debt. This problem grows exponentially over time. With timely accounts receivable management, keep your cash flow healthy and predictable. We’ve got the know-how to get it done.
Customer follow-up
We have the people, processes, and best practices to monitor receivables, nudge customers when they need it, and improve overall collections.
Time savings
Inputting and issuing invoices and receipts, chasing customers for payment, plus tracking, logging, and updating AR listings is very time-consuming. We’ll prioritize it and get it done.
Reduce days sales outstanding (DSO)
We ensure invoices are going to the right person for approval and follow up with the right person for payment. With our proven process, we can collect your money faster and reduce your number of delinquent customers.
Improve accounts receivable turnover
If you’re looking for funding, it’s crucial to have your accounts receivable turnover ratio be as high as possible. When money is collected on time, you’re in a stronger position with investors and banks.
Never worry about missed, late, or duplicate payments again
Technology has improved the payables process substantially – ditch the paper receipts, the overflowing filing cabinet, and the constant reminders for making payments throughout the month. Our team of specialists has it under control.
No more stacks of bills on your desk
It’s time to go paperless. To submit and approve invoices, simply take a photo or forward it to an email address. Your invoices, and receipts, will be stored safely and securely in the cloud, so you don’t need to keep paper copies around.
Vendor negotiated terms & discounts
We’ll communicate with vendors so they know when they’ll be paid. Plus, we can work with your vendors to ensure you have the most favourable terms to manage your cash flow and take advantage of early payment discounts.
Leave the manual data entry behind
Once invoices are submitted, smart scanning technology will read and extract the data and post it to your books. We’ll take care of the rest and ensure your AP listings are up to date.
Automated approvals and payments
Payment approvals are automatically routed to the appropriate signing authority. Once approved, we’ll securely pay through your preferred payment method, including EFT transfers, and reconcile the payment.
Canadian Emergency Wage Subsidy (CEWS) documentation support
Accurate, on-time, hassle-free payroll processing
Say goodbye to your payroll struggles. Hours spent dealing with timesheets, ensuring compliance, and running payroll is time you can never get back. At Sync Bookkeeping, we ensure you’re using the best payroll system for your business and will automate your process to make every payday a piece of cake.
Bi-weekly or semi-monthly pay runs
Our experienced payroll practitioners ensure accurate and on-time processing – all you need to do is review and approve.
New hires and terminations
Whether it’s onboarding, a departure, or termination, we take care of it. From new employee set up to Record of Employment (ROE) issuance, vacation payouts, and final payments to departing employees.
T4 delivery and tax filings
Never miss a filing deadline again. We manage year-end T4 preparation and delivery to your employees, employer health tax, and work safe premiums.
Compliance management
From government agencies to union collective agreements, avoiding penalties can be tricky. You can rely on remittances being done in compliance with all stakeholder requirements.
Get your books up-to-date and ready for tax season
Catching up on your bookkeeping can be a nightmare, especially when tax season sneaks up on you. Sleep easy, we can help.
Our Catch-up Bookkeeping Services include:
Record missing entries and rectify erroneous entries
Bank and credit card reconciliations
Up-to-date financial statements
Tax-ready financial package
Safe online data storage for receipts and documents
Supporting documents required for COVID-19 government subsidy programs
Stress-free bookkeeping to get you caught up – whether you’re months or years behind
Trying to manage your backlog of transactions can be overwhelming. We make the catch-up process a breeze. Simply send us your documents and we’ll take care of the rest. Once we’ve brought your books up to date, we’ll provide you with the financial reports that you can share with your year-end accountant.services-bookkeeping
Experienced bookkeepers
Our team has the expertise and proven workflows to help you bring your book up-to-date quickly and efficiently. We’ll input your financial transactions, reconcile your accounts, and store your invoices and receipts safely in the cloud.
Up-to-date books for financing
We provide you with an up-to-date income statement and balance sheet that you can use to apply for bank loans or pitch to investors.
Tax-ready financials
Tax season doesn’t have to be a nightmare. Once your overdue books are current, you’ll have everything you need to work with your year-end accountant for your filing.
Single project fee
We assess your catch-up bookkeeping needs at the beginning to ensure there are no surprises. No hourly rates or surprise charges – just accurate, reliable delivery.
Bookkeeping per location, program or business unit
QuickBooks Online or Xero subscription
Accurate, stress-free bookkeeping services
Good, reliable bookkeeping talent can be hard to find and retain. That’s where we come in. Sync Bookkeeping we aim to the stress and complexity out of bookkeeping. Time to breathe a sigh of relief.
Proven online bookkeeping processes
We have the workflow down. With streamlined processes customized to fit your needs, we significantly reduce the manual effort on your side, and our experienced bookkeepers take care of the rest. From reconciling accounts to coding unsupported transactions, and sales tax returns, we’ll keep your books up to date and in tip-top shape.
Monthly reports, your way
Balance sheet, income statement, cash flow – we deliver the statements you need to have visibility into how your business is performing. We’ll set up your chart of accounts to represent how you need to see the financial performance of your company, including tracking for subsidies, incentives, or managing multiple locations.
Tax and bank ready financials
Easy year ends are possible when your books are up to date (don’t worry, we can help with overdue books)– you’ll have the financials you need to file your return on time. Looking to raise money or get credit? You’ll be ready for those meetings too.
Easy document sharing and collaboration
We make the process as seamless as possible, leveraging cloud-accounting tools to save time, improve collaboration, store documents, and receipts, and finally say goodbye to cumbersome spreadsheets!