Eb Conseil Fiscal
Corporate Bookkeeping Services
If you think bookkeeping is just a good thing to do, think again! Bookkeeping is officially mandatory for any company, regardless of its activity or size. Self-employed workers, small businesses, and large corporations are all required to keep track of their accounting operations throughout the year.
Not only does bookkeeping allow you to comply with accounting standards and tax laws (laws related to the follow-up of mandatory records), but it also allows you to keep an eye on your financial results and monitor your performance at all times.
In short, bookkeeping facilitates the control and smooth operation of your company. Learn more about the services offered by our team of chartered professional accountants and grow your business!
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Bookkeeping
EB Conseil Fiscal Inc.: For Hassle-Free Bookkeeping
Keeping the books consists of recording all monthly, quarterly, and/or annual accounting transactions, in addition to making entries for payroll, tax returns, and financial reports at each year-end. It is, therefore, necessary to enter the cash inflows and outflows of different accounts (debit, credit, cash, etc.) and according to different categories (e.g. sales, building maintenance, payroll, advertising expenses, etc.).
EB Conseil Fiscal can assist you with all stages of bookkeeping so that you can make better decisions in your business (whether for legal aspects or to better understand the business benefits).
Legal Aspects
Why is bookkeeping mandatory? To put it simply, it’s because the information contained in the books is used to comply with and complete the (official) tax returns required by the Canada Revenue Agency, the Canada Pension Plan, Employment Insurance, the Ministry of Finance, the Goods and Services Tax, the conditions of Employment Insurance, Revenu Québec and the Quebec Business Registry.
By working with EB Conseil Fiscal, you can be sure to meet all legal requirements and avoid any errors.
Evaluate the Performance of Your Business
Bookkeeping gives you leverage in negotiations. It includes information on the evolution of the financial situation – commonly called the balance sheet – which summarizes the transactions of the period related to the assets and obligations of the company.
By outsourcing your bookkeeping to EB Conseil Fiscal, you can be sure to get a complete financial overview of your company and a better understanding of its assets at a given date. A balance sheet is a communication tool that allows you to justify the solvency of your company to creditors and other partners.
Keeping your books up to date also saves you time! In the event of an audit, questioning, or calculations, an orderly accounting system will allow you to find your way around much more easily, in addition to reducing the risks of errors.
No more unsolicited or unintentionally exaggerated declarations!
A Powerful Tool for Your Financial Management
Do you need to make decisions about the future of your business? Once again, bookkeeping is an invaluable tool to help you. This indicator allows you to estimate the performance and profitability of your business using an income statement.
The income statement is a financial statement that summarizes our revenues and expenses during the year. It gives you everything you need to evaluate whether your business is being managed optimally; from an analytical point of view, it is a powerful source of information!
Financial reporting is essential to enable you to understand your business better, providing you with the information you need to be able to answer the following questions:
- What is your company’s ability to pay for itself over the long term?
- What is your company’s capacity to reach its break-even point (the point at which the profit is equal to zero, i.e. no profit or loss is made)?
- What is your company’s net margin on sales?
- What is the amount of taxes to be paid by the entity?
3000
Satisfied customers
45000
Hours of experience
10000000
In tax savings
20
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La tenue de livres chez EB Conseil Fiscal
Accounting and Bookkeeping with EB Conseil Fiscal Inc.
As you can see, bookkeeping is an essential part of the sound management of your company. It is a daily job that requires one to be meticulous and have good organizational skills.
At EB Conseil Fiscal, we understand that it can be difficult to keep up with the required accounting for your business. Don’t hesitate to contact our team of experts for personalized accounting advice or simply to entrust us with your bookkeeping.
Remember, good bookkeeping will give you visibility into your finances and allow you to make the right decisions for your business!
To learn more about what EB Conseil Fiscal can do for your business, take a look at our accounting services.