Outsource your accounting?

Outsourcing your accounting can help you save the trouble & costs of retaining a full-time department.

Small business owner are usually very busy trying to do everything on your their own and as a result, managing all of the aspects of the business can be stressful at times. In your business, the functions such as accounting, finance, and taxes can be highly technical and critical at the same time. A small error/misallocation in accounting could have a significant impact on your bottom line profits.

At Profit & Loss Management, we encourage business owners to stay focused on their business while our team manages the all the numbers for them. Whether you are running a retail store, a restaurant, a tailor shop, an electric store, a landscaping company, a doctor’s office or any other small business, we have the expertise and personnel available to help your business grow and increase profitability.

What we offer as your Outsourced Accountant

As an Outsourced Accountant for your business, we can manage your books, balance your ledgers, and go through accounting, and bookkeeping to save your business lots of time and money and help you improve your bottom line.

As an Outsourced Accountant, we can take care of any aspect of your business’s financial matters such as:

We can run your numbers, analyze them, give you key insights, and do your taxes; all of it at a lesser cost.
  • Day-to-day accounting and bookkeeping including
    • Sales
    • Accounts Payable
    • Accounts Receivable
    • Inventory
    • Monthly bank & credit card reconciliations
  • Monthly/quarterly/yearly HST preparation & filings
  • Quarterly/Yearly Financial Statements for your business
  • Payroll Management including
    • Payroll remittances
    • Year-End T-Slips preparation & filings
    • WSIB & EHT preparation & filings
  • Financial Management Services
    • Cash Flow Forecasting
    • Yearly Budgeting & Target setting for your business
    • Standard reports with financial insights & analysis from your numbers
    • Insights into your financial ratios
    • Recommendations on developing Key Performance Indicators (KPIs)
  • Accounting Software set up for:
    • Relevant Chart of Accounts
    • Classes/Projects set up
    • Reports customization
  • Yearly corporate tax filing
  • Yearly personal tax filing for the business owner including
    • Yearly tax saving recommendations & strategies

If you are looking to have one firm take care of accounting and tax needs then you have arrived at the right spot! We offer a special service which we call Outsourced Accountant through which we can take care of all the accounting, payroll, hst, consulting, personal tax, and corporate tax needs for you and your business! Curious if that is suitable for you? Click on the following link to find out more:

What is Outsourced Accountant?

Looking to hire us?

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Areas We Serve

Toronto

Mississauga

Oakville

Vaughan

Hamilton

Burlington

Richmond Hill