Bookkeeping Services
For some business owners, finding the time to manage their books or take a QuickBooks tutorial is a challenge on top of handling the day-to-day business operations. As a business owner, you already know that accounting and finance are important aspects of your business. However, it is not the only key area. Spending time doing it on your own takes away from other areas of your company that need your attention. At ED Accounting, we handle the books for you so you can get back to focusing on what you’re good at – growing your business.
Basic Package
Ideal for: Small businesses and startups
- Monthly Bookkeeping: Transaction recording, bank reconciliations, and financial statement preparation. (up to 200 transactions)
- Basic Tax Preparation: Annual tax filing and compliance.
- Financial Reports: Monthly profit and loss statements and balance sheets.
- Support: Email support for basic accounting queries.
Monthly Fee $200-$450
Standard Package
Ideal for: Growing businesses
- All Basic Package Features (up to 400 transactions)
- Quarterly Tax Planning: Strategic advice to optimize tax situations.
- Payroll Management: Accurate and timely payroll processing, including tax deductions and compliance.
- Accounts Receivable/Payable Management: Invoicing, bill payments, and follow-up on outstanding invoices.
- Support: Phone and email support for accounting queries.
Monthly Fee $450-$750
Premium Package
Ideal for: Established businesses
- All Standard Package Features (up to 600 transactions)
- Advanced Tax Planning and Preparation: Comprehensive tax optimization strategies and advanced preparation services.
- Financial Forecasting and Budgeting: Detailed financial forecasting and budgeting to support business growth and decision-making.
- Cash Flow Management: Regular cash flow analysis and recommendations to improve liquidity.
- Dedicated Accountant: Personalized service with a dedicated accountant for ongoing support and strategic advice.
- Support: Priority phone and email support.
Monthly Fee $750-$950
Tax Services
Personal & Corporate Tax Preparation
- Compilation
- Financial Projections
- Bookkeeping
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Corporate tax return filings (T2) & Individual Income Tax (T1,TP1)
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GST/HST and PST filings
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Tax planning
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CRA representation
online stores Bookkeeping
E-commerce Companies
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Monthly bookkeeping with financial statement deliverables
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Use of A2X software to streamline high-volume of transactions – resulting in timely financial statement deliverables
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Integrations to Shopify, Amazon and other merchants for accurate reporting (capturing and separating sales tax and freight)
Defense
In a Sticky Situation? We Can Help
- CRA & RQ Representation
- Entity Selection
- Payroll Services
- Business Registration
Tools & Resources
Use These Tools to Manage Your Own Finances
- RRSP Calculator
- Income Tax Planner
- Interest Calculator
- Payroll Deduction Calculator
Bookkeeping Training for Beginners
Bookkeeping Course for Beginners
For those who are looking to freshen up their knowledge or are new to bookkeeping. The Accounting and Bookkeeping Beginner Course covers the basics, including daily tasks associated with managing the financial transactions of a business.
Whether you have limited knowledge of bookkeeping or are looking to refresh your existing skills, the Accounting and Bookkeeping Beginner Course provides comprehensive training that caters to various levels of expertise. You can expect a personalized approach based on your skill level and what you’d like to achieve.
From basic accounting principles to advanced financial analysis techniques, this course will provide you with the knowledge and practical tools to excel in the field of bookkeeping.
What’s included
- Cash and Accrual Methods of Accounting
- Owner’s Contributions and Withdrawals
- Debits and Credits and the Transactional Process
- Customer Records, Sales Invoices and Payments
- Revenue and Expense Transactions
- Canada Sales Tax Preparation and Filing
- Matching Principle in QBO
- GST/HST Sales Tax NETFILE Returns and Payments
- General Ledger Accounts
- GST/HST Sales Tax Accounts
- Recording Transactions, Bank Reconciliation
- Special journals and credit notes
- Adjusting Entries, Reversing Entries
- Vendors Records, Purchases and Expenses Invoices and Payment
- Transactions and Sales Taxes (using the correct sales tax code in QBO)
- Account Balances and Chart of Accounts
CA$ 970.00 (10 sessions of 60 min)
Bookkeeping Training for Entrepreneurs
Who should take the accounting and Bookkeeping Course for Entrepreuneurs?
The Accounting and Bookkeeping Course for Entrepreneurs is designed for individuals who want to start their own bookkeeping business and are interested in developing a solid foundation in bookkeeping and accounting principles.
This course is ideal for individuals who are:
Planning to start a bookkeeping business
Looking to offer contracted bookkeeping services
Seeking a bookkeeping training advisor, coach, or mentor
Virtual Assistants
Needing practical or hands-on training
Needing a refresher
Wanting to strengthen their bookkeeping skills
Bookkeeping students who want to start their own business
What’s included
Designed for bookkeepers starting and managing their own bookkeeping business. With the skills gained in this course, you will be able to perform the day-to-day and monthly bookkeeping tasks required for a small service business
- Client onboarding process
- Building a service offering
- Initial call with clients & what to ask
- Using the right Technology and softwares
- Processes & strategies for client’s bookkeeping catch-up and clean up
- Business mentorship
- Steps to show the Paid diagnostic review for the clean up process
- Performing Month End Tasks
- Tips on how to best clean up the Undeposited Funds cleanup in QBO
- How to Close the Books in QuickBooks Online
- Tips on how to best clean up the Undeposited Funds cleanup in QBO
- Company’s Fiscal Year-End and Year-End Adjusting Entries
- How to Charge for bookkeeping services
- Monthly, Quarterly and Yearly Bookkeeping Checklists
- How to attract the right clients
- Fiscal Year-End Process and Reporting
- How to grow your business and gain confidence as a new bookkeeper
CA$1,270.00 (15 sessions of 60 min)
Bookkeeping Mastery Training
Become a bookkeeping master with our comprehensive course
Ready to level up your bookkeeping skills? Our Accounting and Bookkeeping Course for Mastery is the only course you need to gain a deep understanding of bookkeeping fundamentals and develop the skills you need to take control of your career. Our courses are designed to be practical and flexible so you can learn in an environment that suits you. The Accounting and Bookkeeping Course for Mastery will teach you the technical skills needed to become a successful bookkeeper, start your own bookkeeping business, or refresh your knowledge.
The Accounting and Bookkeeping Course for Mastery offers flexible learning options, allowing students to learn at their own pace and customize their schedules to accommodate their personal and professional commitments. ED takes the time to assess your existing knowledge, experience, and specific areas of interest to deliver a truly personalized approach!
What’s included
Mastery
Looking to develop your bookkeeping skills? The Mastery Course will help you gain a deeper understanding of bookkeeping and accounting principles and empower you to take your skills to the next level.
This course includes:
- Bank Reconciliation, helpful tips for bank reconciliation adjustments
- Practice journalizing and posting entries to different types of accounts
- Banking Transactions; Deposits and Withdrawals
- Steps to prepare T4As for your contractors and subcontracts
- Vendors Records, Purchases and Expenses Invoices and PaymentsCompleting the Full Accounting Cycle
- How to Close the Books in QuickBooks Online
- Credit Cards Charges and Payments
- Financial Statement Reporting: Trial Balance, Income Statement, Balance Sheet
- Recurring Transactions and other time-saving features
- Performing Year-End Tasks and closing the book
- Payroll Setup, Payroll Mirgarion Payroll 3rd party App integration
- QuickBooks Online Year-End Checklists
- Accounts Receivable and Bad Debts Expense
- Monthly, Quarterly and Yearly Bookkeeping Checklists
- Custom Reporting and Financial Statements in Quickbooks Online
CA$859.00 (4 sessions of 90 minutes)
Quickbooks Online Training
Learn how to use QuickBooks Online with a cloud accounting software training advisor
Navigating QuickBooks Online can be a confusing and overwhelming hurdle with a steep learning curve. Having an expert by your side who is proficient in QuickBooks will help get you to a place where you can be confident in your accounting system. Unlike some pre-recorded tutorials, our QuickBooks Online training sessions are personalized, and you have the guidance of an expert who can answer your specific questions.
What To Expect
In our experience, when business owners, accounting professionals, entrepreneurs, and other QuickBook users are looking for QuickBooks Online training, the fundamental piece that is missing is an overview of the accounting principles. With our 1-on-1 training, we not only teach you how to optimize QuickBooks Online, but we also go over basic accounting and bookkeeping practices, an important factor that makes a significant difference in how you organize and manage your books. Our goal is to bring you:
Clarity
We answer all of your questions, from helping you set up your accounts to identifying and categorizing transactions.
Accuracy
With accurate numbers, you’re able to manage the day-to-day operations of your business confidently. You’ll have an accurate cash flow forecast that will help you make informed financial decisions and identify opportunities where you can improve. Accurate accounting ensures the health of your business and that your assets are performing as they should.
Efficiency
We are well-versed and up-to-date on the latest accounting tools that help businesses increase their efficiency. Our experts identify opportunities where your bookkeeping processes can be streamlined and simplified. In the accounting world, there’s always a better way – and we will find it!
CA$750.00 (7 sessions of 90 min)
Quickbooks Online Set Up
Customize QuickBooks Online for your business
Every business is different and has unique needs to run smoothly. In our years of experience, we’ve found that some of the challenges people face with their bookkeeping system can be solved with the proper setup of their accounts. With the right QuickBooks setup and support, transactions are made easier with fewer mistakes, and workflow is more efficient.
With our QuickBooks Online setup and support sessions, we walk you through the process and explain the steps to help you become more comfortable with the software. Our goal is for you to become confident with your bookkeeping system so that your books are organized, accurate, and detailed, making year-end and tax season preparations simple.
Whether you’re brand new to QuickBooks Online or have some experience, we teach the best tips and tricks to use the software effectively.
Step 1: We learn about your business
By understanding your daily, weekly, and monthly procedures, we can create a good workflow for your processes.
Step 2: Accounts setup
Using screen sharing, we review and clean up your chart of accounts, including payroll, receivables, payables, inventory, and more.
Step 3: Training
We guide you through the step-by-step process and watch as you complete them on your own so you can become familiar and comfortable with the software.
Step 4: Support
We work alongside you, answer any questions you have, and offer monthly or quarterly support to help you stay on track.
Live QuickBooks Bookkeeping helps you:
Clean up and organize your books
Set up your chart of accounts
Categorize your transactions correctly
Reconcile your accounts
Confidently stay prepared for taxes
CA$75.00 /hour
At ED Accounting we will prepare your personal tax return, and also ensure that you take full advantage of the tax credits and deductions available to minimize your taxes.
In order to make the personal tax process simple for clients, ED accounting is proactive by contacting clients via email at the beginning of March to provide checklists for organizing tax documents, communicating due dates, and relaying any new requirements from the Canada Revenue Agency for the upcoming tax filing season.
Providing secure options
Clients are setup with a Canadian encryption service using their own email account, at no cost to them. This allows clients to send personal tax documents, using their own email account, to ED Accounting through a secure medium, giving them peace of mind.
Making life easy for you
By being proactive, and using the latest information technology, the preparation of personal taxes is an efficient process, resulting in saving time for clients.