Full Cycle Bookkeeping Services

Small Business Bookkeeper in Ajax, Ontario

Full Cycle Bookkeeping describes how we track your financial records from purchasing inventory, stocking and selling, to hiring other service providers and other associated bills for your business. We track every penny moving in and out of the business, so you have an accurate accounting of your business’ finances & you can see what products or services bring in the most revenue and the areas where you tend to spend the most money. You can then make informed decisions about how you can make your business more profitable.

All of this information will be provided in the monthly/quarterly/yearly reports we generate for your business.

Full cycle bookkeeping includes:

  • Accounts receivable (money people owe you)
  • Accounts payable (money you owe to others)
  • Invoicing and recording customer payments
  • Entering and recording payments for expenses
  • Reconciling your bank and credit card statements every month
  • Tracking your spending categories so you can see where your money is going
  • Tracking your income streams so you can see what products or services are the most successful
  • Payroll and T4’s
  • Generating reports at year-end for your accountant
  • Making any adjustments recommended by your accountant and closing your books at the end of the fiscal year.

Our Services

Frequently Asked Questions About Full Cycle Bookkeeping:

  • What is a Full-Cycle Bookkeeper?
  • What is included in full-cycle bookkeeping?
  • Does full-cycle accounting include payroll?
  • What does a full-service bookkeeper do?

A Full-Cycle Bookkeeper is able to set up your business’ general ledger and chart of accounts, track and keep current all financial transactions for your business, and work with your accountant to provide the necessary information for tax purposes.

Initial setup of the business books, data entry for all financial transactions, reporting on any remittances due to the government (payroll, HST, taxes, etc), reconciling banking and credit card transactions with the information in your records, and working with your accountant to provide end of fiscal year documents for tax purposes.

Full-cycle accounting can definitely include payroll, however, most bookkeepers will have an additional charge for this service, typically dependent on the number of employees.

A Full-Cycle Bookkeeper is able to set up your business’ general ledger and chart of accounts, track and keep current all financial transactions for your business, and work with your accountant to provide the necessary information for tax purposes.

Indie Bookkeeping offers Full Cycle Bookkeeping Services for Independent Contractors & Small Businesses across Ajax, Durham Region, GTA, and the surrounding areas.

Contact Indie Bookkeeping in Ajax, Ontario

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