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Accounting – Krigstin & Xu CPA Professional Corporation
 
300-2005 Sheppard Avenue East, North York ON M2J 5B4
(+1) 416-443-1400

Accounting Services

We provide financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:

Compilation of financial statements

We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We prepare financial statements based upon client information provided and used primarily for internal use.

We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.

Bookkeeping (Monthly/Quarterly/Annual)

Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping, such as processing of AP, AR, payroll, sales and payroll taxes, etc.

  • Accounts Payable

Checking all invoices payable match orders made before arranging recording and payment.

  • Accounts Receivable

Preparing timely invoicing to your customers and ensuring you’re paid in line with your payment terms.

  • Payroll Services

Processing and administering payroll, filing timely remittance, staff expenses, employee terminations, ROE calculations and vacation pay calculations.

  • Invoicing and Debtor Management

Preparing timely invoicing to your customers and ensuring you’re paid in line with your payment terms.

  • Cashbook and Bank Reconciliation

Maintaining your cashbook and completing regular bank reconciliations, ensuring all items are coded and recorded accurately.

  • Expenses and Creditor Management

Checking all invoices payable match orders made before arranging recording and payment.

Outsourced Accounting Services

  • Management Accounting

Preparing monthly Management Accounts and providing you with reports.

  • Outsourced CFO & Controller

We can provide ongoing and higher-level services, acting as a contracted Chief Financial Officer for your business and ensuring best practice is maintained throughout the year to minimize risk and maximize opportunities to grow your business.

  • Cash Flow & Budgeting Analysis

A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.

  • Financial Forecasts & Projections

Forecasting is a necessity when trying to effectively manage and lead a business to profitability. We can prepare a 12 month projection of income and expenditure, cashflow, and Balance Sheet to provide a benchmark against which to compare actual performance.

Other Accounting services

If you prefer keeping some of the transaction processing work in your office. We can also work collaboratively with you while you remain in full control.

  • Software Set Up and Coding

Establishing your software with customized coding and instructions.

  • Software Training

One-on-one or group training to learn how to get the most out of technology in your business.

  • Cloud Accounting Software, Set Up and Training

Helping you shift your cashbook system into the cloud to give you more flexibility and efficiency.

  • Software Consultancy, Implementation and Training

Identifying the best systems and accounting software for your business; installing and configuring the software to suit your purposes; recommending processes to make your computer system more secure; and training you to be a self-sufficient user of a range of software applications.

  • Accounting Software Solutions

Identifying the best systems and accounting software for your business; installing and configuring the software to suit your purposes; and recommending processes to make your computer system more secure.

  • Software Support

Training you to be a self-sufficient user of a range of software applications.