All about Accounting

 

Did you know that having good accounting records and a financial plan is critical for your company? 

Accurate financial information and timely reporting allow entrepreneurs to make critical decisions and manage cash flow. 

Such financial information is useful for different stakeholders. 

  • Internal: Co-founders, directors & officers 
  • External: Suppliers, Customers, Investors, Government, and Bank 

How can an accountant help you? 

  • Start-up aspects of a new business 
  • Advice on how to set up your bookkeeping system, support ongoing bookkeeping needs. 
  • Analysis and interpretation of your financial information 
  • Coordination of your personal and business financial affairs 

How to choose an accountant? 

It is beneficial to find an accountant who has a professional designation to give you peace of mind. It takes lots of education, training time, and practical experiences to obtain the designations. 

There are three major designations in Canada where CA qualification offers the highest level of training in accountancy and business: 

  • CA (Chartered Accountant) 
  • CMA (Certified Management Accountant) 
  • CGA (Certified General Accountant) 

You can search and verify accountants you work with through the local provincial accounting body. 

You can also search and verify a CPA firm you work with through the local provincial accounting body. CPA firms are well-known for their comprehensive accounting services ranging from bookkeeping, tax planning, tax compliance, and consulting. 

In addition to a professional designation, you need to assess whether the accountant has relevant start-up or industry experience. 

Why Us? 

  • Quality bookkeeping and advisory services are prepared by CPA (Chartered Professional Accountants), increasing your chance of securing financing to grow your company. 
  • We are former bankers. We know how to navigate you through the requirements to be eligible for a bank loan. Debt financing is available to startup companies if you have a solid business plan and strong financial projections. 
  • We have a proven track record of helping our clients to prepare the right financial documents to secure government funding. 
  • We are active angel investors and impact fund investors: We know how to get you investor-ready​. 

 

Book a free initial consultation with us  here to determine whether it’s a good fit to work together!