NEW Account Setup 

If you already have a QBO account, the following steps will still be followed to ensure we understand your business.  However, no setup fee will be charged for the review unless you request modifications.

Step 1: Requirements

1. Provide us with you last tax return (if available) and a descritption of your busienss

2. We confirm what expenses you need to track for tax reporting and financial reporting

3. Establish what you will be doing vs what we will be doing e.g. scanning and classifying receipts 

Step 2: Setup QBO

1. Setup Administrative rights and secuirty

2. Prepare chart of accounts, suppliers, customers etc.. 

Step 3: Go Live

1. Enter opening balances

2. Link Bank and Credit Card accounts

Optional

• We can provide monthly, quarterly, annual 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.