Accounting or Bookkeeping with QuickBooks Online

Accounting Services

Making sound business decisions means having a clear picture of your financial situation at all times. The daily demands of running a small business can overwhelm entrepreneurs, and seasoned business owners, As a result, financial record keeping and reporting often don't get the attention that they truly deserve.

At KNB Financial Inc. we are your accounting or bookkeeping partners (using QuickBooks Online) , helping you stay on top of your finances so that you can make better and more informed decisions. In addition to taking the paperwork of your plate, we can pinpoint the key numbers critical to the performance of your specific enterprise, and make sure you have them at hand whenever you need them.

Our Bookkeeping Solution is Simple!

  1. Send us your paperwork on an ongoing basis or better yet upload it to a cloud based platform so you have a digital filing cabinet for all your Invoices and Receipts.
  2. We will post the entries to the relevant accounts
  3. Reconcile the Bank and Credit card statements
  4. Prepare comparative financial reports, management reports and cash flow forecast / projections
  5. Prepare all required government remittances and filings (HST/RST/WSIB/& EHT)
  6. You receive a monthly financial report with analysis.

At the end of the fiscal year you have clean organized records, should Revenue Canada or the banks need details.

Financial Statements:

A corporation is required to prepare financial statements at the end of each fiscal year to comply with the Canada Corporations Act. The financials statements must be prepared in accordance with the Canadian generally accepted accounting principles (GAAP).

We prepare and file "NOTICE TO READER" financials for your company.

These financial statements are a formal record of the financial activities of the business and are presented in a set, structured manner that is easy to understand. They will typically include four financial reports, accompanied by a management discussion and analysis and or notes.