|RSA Professionsal offers affordable bookkeeping package to suite your company's needs whether on site or at our office, providing accurate, complete, consistent and reliable bookkeeping all for a fraction of the cost of employing a permanent or casual staff member.
Save, Time, Space & Stress
Our Bookkeeping Service carries great value for the small business. On a weekly, monthly or at a time suitable to your business needs we will arrange the delivery of your documents to our office.
We will then accurately record all income and expenses for the period and reconcile all bank accounts, credit card statements, customer and vendor accounts. We also ensure HST/GST, EHT, WSIB and Payroll is accurately filed and accounted for.
Finally, you are provided with the Financial reports to help you get a clear picture of your business and make sound business decisions. IT'S THAT SIMPLE!
Getting Paid On Time
Accounts receivable is money owed by customers of your business on the sale of products or services on credit. Typically, accounts receivable comes about by creating an invoice and either mailing, faxing or emailing it to the customer. The customer then must pay, within a given timeframe, which depending on the industry can be anywhere from 10-30 days after the due date. It makes better financial sense for the business to collect on this outstanding invoice as early as possible, doing so increases the company’s cash flow and cuts down the loan period to the client.
Let us assist your business in its accounts receivable function. In addition to the standard service of entering invoices, credit memos and reconciling customer accounts, we can also handle the preparation of customer invoices, applying of payments and preparation of overdue notices.
No longer will you be concerned whether sales are being recorded and that customers are being contacted regarding outstanding balances.
Bill Payment and Processing Made Easy
Accounts payable is money owed to vendors that supply goods and services. Usually an accounts payable comes about when a vendor provides their customer an invoice by mail, fax or email. The customer then is obligated to record this invoice in their record keeping system. By recording the invoice the vendor will know when to issue payment based on the payment terms negotiated.
Our personalized bookkeeping system is setup to account for every aspect of your unpaid bills including, expense reports and credit card charges. We know your industry and are familiar with sales tax calculations to maximize your GST/HST input tax credits.
Along with the basic accounts payable function of entering invoices, posting payments and reconciling your vendor accounts, we can also manage your bill payment function which includes printing cheques and managing online bill payment.
Sales Tax and Other Filings
No more filing headaches
We offer timely preparation and filing of HST/GST, EHT and WSIB returns. Our notifications ensure that you will never again be concerned about late filing and penalties.
Worry free whether small or large
When you are busy building your business the last thing you want to do is stop to keep up to date with ever changing tax rules and regulations. That is where entrusting your payroll filing requirements to RSA Professionals goes a long way. Our payroll experts are trained to manage your payroll whether large or small. We ensure your employees get paid and that the correct remittances are made to Canada Revenue Agency- on time, all the time.
Based on your company's size and preference we can provide weekly, bi-weekly, semi-monthly or monthly payroll. We also handle your T4 and T4A year end filings. Basic payroll package includes: payroll reports, direct deposit (or cheques if preferred), automatic tax filing, access to archive payroll reports and more. We provide in-house payroll service for owner managed businesses and have top notch industry leading solutions for your growing staff needs.
Get the reports you need to manage your business
Financial reports provide an overview of your business financial condition for the short and long term. We work closely with our clients to provide insight and assistance into the financial management, processes, and control of their business. Having regular financial reports helps you make better informed and timely decisions around your business finances.
Our monthly reporting package includes:
- Income Statement: showing the revenue, expenses, and profit for the month and Year-to-date so that you can track how profitable you are.
- Balance Sheet: shows you the cash available, accounts receivable, inventory balances, fixed assets, accounts payable, GST/HST payable, source.
- eductions payable, taxes payable, bank loans, shareholder loans, and retained earnings.
- A/R Aging: detailed report showing which customers owe money and how old the balances are.
- A/P Aging: detailed report showing which bills are unpaid based on when they are due.