Bookkeeping Services For Your Business

Whether a business needs current financial figures or needs to keep tabs on cash flow, keeping up to date on bookkeeping tasks is essential. An easy solution is outsourcing bookkeeping to a professional service such as A.M.I. CPA Professional Corporation.

Business Bookkeeping at A.M.I.

Bookkeeping is an essential part of a business. No matter the size or type of business, whether in their first year or established for many years, incorporated or not, bookkeeping is part of a successful business framework.

When starting a new business, keeping your numbers up-to-date and accessible is essential when you are working with potential investors, managing payroll, and growing your business. At A.M.I. CPA Corporation, we can take care of all the details so you can focus on what you do best, and not be overwhelmed with paperwork and administration.

In the corporate world of business, things move quickly and having accurate books allows you to keep your edge in a competitive environment.

Avoid hassles and surprises at tax time by working with our team at A.M.I. CPA Professional Corporation. We will help you balance the books every month to stay on top of your finances throughout your fiscal year.

Our Personalized Bookkeeping Services

Whether your business needs current financial figures or needs to keep tabs on cash flow, keeping up to date on bookkeeping tasks is essential. An easy solution is outsourcing your bookkeeping needs to our individualized service, ensuring accurate financials with the support of a professional.

Payroll Preparation

Accurate payroll ensures employees are paid correctly and on time. It involves calculating, withholding, and remitting source deductions such as income tax, CPP, and EI to the Canada Revenue Agency. Errors or late remittances result in heavy penalties and interest from the CRA, making this a non-negotiable, high-priority task for any business with employees. Errors or late remittances result in heavy penalties and interest from the CRA, making this a non-negotiable, high-priority task for any business with employees.

HST Remittances

Handling Harmonized Sales Tax (HST) is a fundamental compliance issue that involves tracking all HST collected on sales and all HST paid on purchases. The difference must be remitted to the government on a regular basis (monthly, quarterly, or annually). Mistakes can lead to significant fines, audits, and cash flow problems. Proper management ensures the business meets its tax obligations and avoids costly government penalties.

Accounts Payable/Accounts Receivables

This is the lifeblood of your company's cash flow. Together, they provide a clear picture of your short-term financial health and ensure you have the cash needed to operate and grow. Accounts Receivable ensures you invoice customers promptly and collect payments owed to you, directly impacting incoming cash. Accounts Payable involves managing and scheduling payments to suppliers and vendors, protecting your credit rating and avoiding late fees.

Bank Reconciliation

By meticulously comparing your internal financial records (ledger) against your monthly bank statement, you can identify and correct discrepancies, detect potential fraud or bank errors, and ensure every transaction is accounted for. This is the essential control check that ensures your bookkeeping records are accurate. It is the foundational process that validates the integrity of all other financial data, making reliable reporting possible.

Balance Sheet, Profit and Loss and Trial Balance

These services are the crucial outputs of bookkeeping that inform strategic decisions. The Profit and Loss (Income Statement) shows your profitability over a period, revealing revenue streams and expenses. The Balance Sheet provides a snapshot of your company's health at a point in time, showing what you own (assets), what you owe (liabilities), and your net worth (equity). Together, they are indispensable for managing performance, securing loans, and attracting investors.

Reasons to Outsource Your Bookkeeping Services

Reclaim Your Peace of Mind

Stop worrying about the numbers and start acting on them. With a trusted partner managing your books, you get the clarity and confidence to lead your business forward.

Scale Without the Struggle

Your business is growing – shouldn’t your support systems grow with you? Our flexible service model means you get the right level of financial oversight exactly when you need it. No HR headaches. No training delays. Just seamless support.

Our Team of Experts is Your Team

The complexities of tax codes and reporting standards are constantly changing. Instead of managing a bookkeeper, leverage a team that’s already trained, certified, and dedicated to staying ahead of the curve.

Your Time is Your Most Valuable Asset

Doing your own books (or delegating them internally) is a hidden tax on your productivity. Outsourcing isn’t just an expense, it’s an investment that frees you to do what you do best: run and grow your business.

Bookkeeping FAQs

Bookkeeping services handle the daily financial tracking of your business including: 

  • recording income & expenses 
  • managing payroll
  • filing HST returns
  • invoicing 
  • reconciling bank accounts

They provide accurate, up-to-date financial reports which give you a clear picture of your business's health and ensure you meet Canada Revenue Agency (CRA) compliance deadlines, avoiding penalties.

You need both, but for different reasons. A bookkeeper manages your day-to-day financial transactions, data entry, and administrative compliance (like HST and payroll). An accountant uses the clean financial data provided by the bookkeeper for higher-level tasks like corporate tax filing, financial analysis, strategic planning, and auditing. Think of the bookkeeper as the one who organizes the numbers, and the accountant as the one who interprets them for strategy and tax optimization.

You can do it yourself initially, especially if your business is very small. However, as your business grows, a professional bookkeeper becomes essential. They save you valuable time, ensure accuracy to prevent costly CRA penalties (a major risk with DIY HST or payroll), and provide expertise in Ontario-specific regulations. Their efficiency and error-checking often save more money than they cost.

Outsourcing is a cost-effective alternative to hiring a full-time employee. The key benefits include:

  • Expertise: Access to professionals who are experts in Ontario HST, payroll, and CRA compliance.
  • Time Savings: Frees up your time to focus on core business activities and growth.
  • Cost Savings: You only pay for the services you need, avoiding employee salaries, benefits, and software costs.
  • Scalability: Services can easily be scaled up as your business grows.
  • Accuracy & Compliance: Reduces the risk of errors that lead to government fines or missed growth opportunities.