Bookkeeping

Bookkeeping includes entering transactions from invoices, receipts, bank statements, etc. into an accounting software to produce a trial balance and completing the bank reconciliation for each account, each month. The appropriate compilation of your business income, expenses, assets, and liabilities into a bookkeeping system helps you to understand the status of your business and to make informed long- and short-term financial decisions to grow your business and attain the financial stability you deserve and aspire.

At Berman and Associates, we recommend corporate business to hire us do both the bookkeeping and the taxes because, in most cases, it is cheaper and easily verifiable in the event of a CRA audit. You can also opt to do your own bookkeeping or outsource someone else to do it for you, however we are not able to verify that it is being done correctly and we will rely on the information provided if you decide to file your corporate taxes with us.

If you hire us to do your bookkeeping we will review and correct any issues found due to incorrect or missing journal entries, etc. Hourly charges will apply to review and correct your bookkeeping.