Jargon Resources

Bookkeeping and tax services can be full of jargon. This makes it hard to really understand what you really need. Here you will find breakdowns of all our packages' services.

Bookkeeping
Breakdown

FS prep

FS Prep stands for Financial Statement preparation. Simply put we go over transactions, journal entries, account balances, income/earnings, and equity.

Dep/Amort

This stands for Depreciation and Amortization. We calculate the value of your assets and how best to spread the cost and use of them throughout their lifetime.

Adjusting Entries

an adjustment to your year end books to better align your financial statements with your income and expenses

Financial statement Review

Simply a review of the financial statement preparation

Receipt processing

Processing and matching receipts to your bank transactions-

FS Review

FS review stands for Financial Statement Review. This of course is associated with FS Prep and is where we analyze and review the statements before reporting on them.

CRA REP

CRA Rep is for Canadian clients only. Simply put we would be your CRA representative for your tax/bookkeeping reports

Financial statement preparation

This refers to preparation of your balance sheets and income statements

Account reconciliation

Reconciling your account transactions that have incorrect dates for your bank and/or credit card

T slip prep

The process of preparing your year end tax slips

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