No receipts & no software fee
No receipts & no software fee
This solution is great for the following types of business owners
Sole proprietorship
Corporations prioritizing simplicity, tax reporting, and cost-efficiency: do not utilize the advanced features of QBO or Xero beyond basic bookkeeping.
COST
$100/month for upto 50 transactions
$50 for each addtional 25 transactions
*a transaction include the receipt and corresponding bank or credit card transaction being reconciled
PROCESS
Step 1: On Boarding
Provide us your bank and credit card statements in electronic format from your financial institutions website (and / or transaction log)
We confirm what expenses you need to track for tax reporting and financial reporting
Step 2: Test for Accuracy
We process your bank and credit card statements and classificy all your revenue and expenses
You review them to ensure accuracy
Step 3: Go Live
Each month or quareter, you provide us your bank and credit card statements
We process statements
You receive a Trial Balance and General Ledger that can be used by your tax accountant to prepare your tax returns
Optional
We can provide monthly, quarterly, annual financial statements, and CFO level analysis
NOTE: CRA requires you keep all invocies, receipts, bank and credit card statements and all other documents related to your business activities for a minimum of 7 years, we recommend you keep them for 10 years.
Fill out or onboarding form and include 1 month of bank and credit card statements so we can evaluate needs.