Business management
Cash flow management
- Managing the company’s cash flow is based on cash inflows and outflows.
- This task is performed on a daily or monthly basis.
- Cash-flow management helps to prevent shortfalls in funds for business development, and to plan cash inflows.
Activity reports
- Activity reports are used to create the company’s internal financial statements.
- They can be produced monthly, quarterly or annually.
- This enables you to keep an eye on the company’s figures and avoid surprises, so you can make accurate, informed decisions.
Analysis
- Analysis of internal financial statements includes follow-up with the contractor/manager/administrator or any other internal employee.
- These analyses can be carried out on a monthly, quarterly or annual basis.
- The aim is to enable sound decision-making, and to highlight any shortcomings or positive aspects of the current financial year.
Payroll system management
- We can manage your company’s payroll using payroll systems such as EmployerD or Nethris.
- Payroll is mostly done on a bi-weekly or weekly basis.
- Using a payroll system in combination with payroll professionals allows you to limit and delegate responsibilities related to source deductions and employer contributions.
Creating and adapting charts of accounts
- The chart of accounts is the foundation of bookkeeping.
- It is the first step in bookkeeping. It must be updated as the company grows.
- It ensures clear, well-structured financial statements.
Advice and support
- We provide decision-makers with appropriate and up-to-date financial data, as well as accounting and tax support.
- Monthly, quarterly or annual meetings are arranged as required.
- This maximizes understanding and facilitates decision-making.
Data import into accounting system and automation
- A company may need a number of software applications to ensure the efficiency of its internal processes.
- Data import into the accounting system is automated at various frequencies, depending on the company’s needs.
- In some cases, it is possible to import data automatically or semi-automatically directly into the accounting system to reduce manual work and the risk of errors.
Internal controls
- Internal controls include company processes that are reviewed and adjusted (if necessary).
- Internal controls are carried out at various frequencies according to the company’s needs.
- They help optimize the exchange of information, minimize the risk of fraud and make employees’ work as efficient as possible.
Book audits (pre-audit)
- A book audit prepares the company for a review engagement or an audit (performed by a CPA).
- The audit can be carried out in several stages throughout the year (ideally) or once the company’s fiscal year has ended.
- This minimizes the risk of error and minimizes audit costs and delays.
Government audits
- Government audits are an integral part of every business.
- The government performs random audits on tax returns and source deductions. A delay in meeting government obligations can also result in a government audit.
- All our bookkeeping procedures are based on these audits, and we can respond to government queries quickly and easily.
Accounts payable management
- Accounts payable management involves paying suppliers according to the various payment methods and terms established within the company. This task is performed in conjunction with cash management.
- This task can be performed on a weekly or monthly basis.
- Accounts payable management enables the company to continue its activities without a hitch, while maintaining a good reputation and relationship with its suppliers.
Accounts receivable management
- Accounts receivable management involves monitoring the company’s cash receipts, while ensuring that the payment terms established with customers are respected. This task is performed in conjunction with cash management.
- This task can be performed on a weekly or monthly basis.
- Accounts receivable management enables the company to reduce collection times and avoid cash shortages.
Dashboard creation
- The creation of a dashboard is a collection of key information and data easily accessible to the company.
- Once created, it must be updated on a weekly or daily basis.
- The dashboard provides the company with better decision-making tools.
Basic template
- The basic template is a standard file from which a recurring task is created.
- Basic templates are unique to each company and are created according to the customer’s needs.
- Creating basic templates (via Excel or the accounting system) saves time in day-to-day work and standardizes company procedures.
Project management
- Project management and/or departmental accounting consist in compartmentalizing expenses and revenues according to certain criteria.
- Project management and/or departmental accounting are performed on a daily basis throughout the bookkeeping process.
- This is particularly useful when information can be extracted to calculate the profitability of certain projects or departments.