Bookkeeping & Payroll

As a business owner, you understand the significance of precise financial management and the importance of a well-organized payroll system. Our comprehensive suite of services is designed to relieve you of the burdens of bookkeeping and payroll, allowing you to focus on the core aspects of your business. From meticulous record-keeping to year-end tax filings, we have your financial needs covered. Explore the range of services we offer to streamline your business operations and maintain financial accuracy with ease.

 

Bookkeeping & Payroll Services:

  1. Accurate Record-Keeping: Our bookkeepers maintain precise and up-to-date financial records, ensuring that all transactions, income, and expenses are accurately recorded. This forms the foundation of your business's financial health.
  2. Monthly, Quarterly, or Annual Bookkeeping: We offer flexible bookkeeping schedules tailored to your business's needs. Whether you require weekly, monthly, quarterly, or annual bookkeeping services, we ensure your financial records are consistently maintained.
  3. Bank Reconciliation: Our experts reconcile your bank statements with your financial records to identify and rectify discrepancies, ensuring that your accounts are in perfect balance.
  4. Expense Tracking: We track and categorize your business expenses, making it easier for you to understand where your money is going and optimize your spending.
  5. Invoicing: Our services include generating and sending invoices to your clients or customers.
  6. Financial Reporting: Our team prepares detailed financial reports, including income statements, balance sheets, and cash flow statements, providing you with valuable insights into your business's financial performance.
  7. Payroll Processing: We handle your entire payroll process, from calculating employee wages and deductions to processing paychecks or direct deposits.
  8. T4, T4A, & T5 Filing: At the end of the year, we ensure your business complies with federal tax regulations by accurately preparing and filing T4, T4A, and T5 forms. This includes reporting employment income, pension income, and dividends, among other things.
  9. Remittance of Payroll Taxes: We calculate and remit payroll taxes, including income tax, Canada Pension Plan (CPP), and Employment Insurance (EI), on behalf of your business, ensuring that all obligations are met.
  10. Record Maintenance: We maintain organized and secure records of all payroll-related documents, including employee records, tax filings, and payroll reports, for easy access and future reference.

  11. Year-End Reporting: We assist with year-end reporting, including preparing summaries of your business's financial performance, which can be crucial for tax planning and decision-making.

By entrusting your bookkeeping and payroll needs to A.M. Financial Group, you can focus on growing your business while we ensure that your financial records are accurate, compliant, and well-organized. Our comprehensive services are tailored to meet your specific requirements, making it easier for you to manage your business's finances effectively and efficiently.