Cloud Accounting and your new cloud accountant

When it comes to running a business, time is something we are all universally lacking. Your business requires constant attention, it can be very challenging to find the time to meet with your accountant, constantly drop documents off, and manage the time to do all of this before the never ending slew of deadlines thrown at you by the CRA.

Well, we are happy to introduce you to your new ‘Cloud Accountant‘, a new service we will now be offering to our clients focused on cloud computing and full cycle accounting, keeping you working in your business, instead of visiting your accountant.

Our cloud accountant computing model focuses on providing a full service of bookkeeping and accounting options without ever having to visit our physical location. Through the use of Dropbox and Quickbooks Online (read more about Quickbooks Online) we will create a simple and efficient way to keep your books up to date and you returns filed.

Cloud Accounting Monthly Updates

Each month you will upload your bank statements and other files to Dropbox. Once we get the data the bookkeeping commences and is incorporated into the information you have entered into Quickbooks. Once the bookkeeping is up to date, your accounts will be reconciled.

Cloud Accounting Quarterly

Every quarter your HST return will be filed in a timely fashion (in order to avoid late filing penalties). Additionally we will be providing our Cloud Accountant clients with a quarterly Financial Update, that contains key financial indicators that will help you to continue running a profitable business.

Cloud Accounting Year End

At the end of your business’ fiscal year, we will produce your Annual Tax Return, and provide you with a set of annual financial statements.

Cloud Accounting Payroll

An optional feature, payroll services, can be added onto your Cloud Accountant package at an additional cost. You just need to provide us with the weekly hours for your employees and we will handle the rest. Payroll through Quickbooks Online can be set up with direct deposit, or we can provide you with the cheque amounts if you wish to pay your employees by cheque. We can file your WSIB, and will provide you with your monthly CRA payroll remittance and a reminder to pay the amount before the deadline. Each year we will prepare your employees T4’s and ensure that your monthly remittances and your payroll total are reconciled.

If you are new to Quickbooks Online, we also can provide training on some of the basic functions to help you get started.

Using our Cloud Accountant service only requires a bit of your time a month, and then you can rest easy knowing all of your accounting needs are in capable hands.For more information on the Cloud be sure to read our Cloud for Small Business article and our QuickBooks on line post!

You can reach us by calling (905)-831-6383 or use our confidential Contact Form or visit us!