Services offered by DS Cloud Books
We provide the following services: daily recording of financial transactions through QB Online or Xero accounting software, management of accounts receivable and payable, bank reconciliation, preparation of financial statements, payroll processing, and compilation of year-end financial records for the accountant to facilitate tax return filing to CRA.
Recording financial transactions
We connect your business bank accounts to the bookkeeping software and refresh the bank feeds daily to ensure accurate and timely recording of all transactions, providing you with an up-to-date view of your financial activity. Whenever you need to check an invoice in your accounts receivable to confirm a client's payment or verify your accounts payable for any outstanding payments, our freshly updated and accurate records will assist you in making informed decisions.
Accounts receivable
As we record the payments received from your customers, we reconcile with the invoices previously created or other accounts receivable. By doing so, we keep track of your paid, unpaid, and upcoming customer payments, giving you a clear understanding of your cash flow at all times.
Accounts payable
When posting your business expenses, we make sure to meticulously attach all necessary receipts and documents to support the transactions. Should you require it, we are happy to handle your accounts payable, as well as complete HST payments and payroll remittances.
Bank reconciliation
As soon as your bank statements are available, we promptly process and complete your monthly bank reconciliations with care and accuracy.
Financial statements
We specialize in generating customized financial statements tailored specifically to your business, providing you with valuable insights into the performance of your operation. These statements can be produced at a moment's notice, ensuring that you always have the information you need to make informed decisions.
Payroll processing
We are pleased to offer a comprehensive payroll service tailored to your requirements, typically on a biweekly basis. We take care of calculating each employee's payment, ensuring that payroll taxes are paid, and facilitating paychecks or direct deposits. In addition, we handle the submission of T4 forms to CRA and can assist with onboarding new hires. Our service also includes the management of workers' compensation to ensure that your employees are well-protected.
Prepare for financial year end
Our daily diligence and attention to detail make year-end financials a breeze for you and your CPA. By staying on top of tasks throughout the year, your tax return will be completed in no time, with no risk of late filing.
We appreciate your interest in our services and would like to express our gratitude for considering us. Your business is highly valued, and we are dedicated to ensuring that you receive the finest possible service. We will promptly attend to your queries and collaborate with you to achieve your objectives.