Faith Accounting & Tax Inc. keeps the records of financial transactions and prepares financial statements such as income statements and balance sheets. Professional Bookkeeping ensures the day-to-day operations are being recorded accurately. The expert bookkeepers ensure about invoices, expenses, and payrolls are handled accurately.
The record keeper of your business financials will also help you with audits, tax planning, offer financial analysis, and give advice as well. We try to keep the records clear, which helps the owners to understand how much they owe, and how much money is owed to them. Moreover, it also helps to monitor the business and detect the sources of income.
The following are the records that bookkeeping keeps orderly and accurately:
- Payroll and employment taxes
- Sales and purchases
- Expenses
- Bank statements
- Profit and loss statements
- Cash flow analysis
- Weekly, Bi-weekly, Semi-monthly, Monthly Payroll
- Payroll source deduction
- T4 / T4summary , T4A / T4A Summary
- Record of employment
Do people usually think about why they need to hire someone for bookkeeping? The bookkeeper provides complete insight on the audits and their results which helps to identify the financial position of a business. Faith Accounting & Tax Inc. acquires a team of professionals with years of experience and well educated with accounting technology and software. For best online bookkeeping and payroll management, processing services, don’t hesitate to contact the team and share your issues!