Are you running a business in Mississauga, Ontario (Canada)? Are you struggling to keep track of your financial information?
Whether you own a small company. Or manage a medium-sized company.
You need experts to make your business run without any complexity. And who could offer better bookkeeping services to small and medium-sized companies than us?
BG Accounting offers a full range of accounting and bookkeeping. The services will suit all your needs and help you maintain financial reporting.
We offer a comprehensive suite of bookkeeping and accounting services. Our services aim to cater to the unique needs of small to medium-sized businesses. Our expert bookkeepers ensure accuracy and up-to-date records of your books, maximizing deductions and leaving no room for oversight.
For over 10 years, our clients have benefited from our education-based approach towards their accounting matters. We provide a wide range of bookkeeping services that cater to your individual and business needs.
Our bookkeepers follow a personalised approach to understanding your business’s unique challenges and goals. This, as a result, enables our team to offer tailored advice and strategies to help you achieve long-term financial success.
Our in-depth accounting knowledge, dedication, and friendly customer service make us stand in the bookkeeping market. Our goal is to build lasting relationships and become a trusted partner of customers in their financial journey.
We at BG Accounting and Bookkeeping, help our clients set up QuickBooks. With years of experience, our team will work closely with you to make the process smooth. With this service, we aim to help your company manage its financial records effectively. QuickBooks setup will enable you to keep all the financial reports in an organized form.
Setting up an organized chart of accounts is essential for smooth bookkeeping. It consists of account heads to categorize the financial transactions of your business. Categorizing accounts helps track your company’s financial health by separating them into assets, liabilities, expenses, and income tax. Our experts at BG Accounting will help you create a personalized chart of accounts based on your needs.
As a bookkeeping firm, we understand the essence of accurate data entry. We are also aware of the problems a single wrong entry in accounts receivable, accounts payable, or other accounts can cause. So to avoid such problems, we, at BG Accounts and Bookkeeping, have hired expert bookkeepers. Our team has years of experience which enable them to handle data entry with 110% focus.
With accurate data entry service, we aim to make your financial transactions error-free. This as a result, would assist you in generating financial transactions and statements. The accurate data entry will also help your business in tax preparation.
BG Accounting excels at reconciling bank accounts and credit cards. Our skilled accountants compare bank and credit card transactions with your company’s system to ensure accuracy.
Our bank reconciliation service involves several steps. And we ensure that we pay extra attention to every single step to match the transactions. Once your balance sheet is balanced, you will know you have the right numbers.
Cash flow is an essential asset for any business . It enables a company to run its operations without any interruption. So it makes the maintenance of cash flow a top priority for businesses.
We understand it can get difficult to keep records of every single dues from customers. So, to make things easier for you, BG Accounting offers effective accounts receivable management service. With this service, our team would aim to manage your receivable accounts.
Our systematic management of accounts receivable would keep your transactions up-to-date. You will have a complete track of all the outstanding dues. This will enable you to maintain cash flow of your business.
Intuit’s QuickBooks Online is one of the best accounting software. Many small and medium-sized businesses use this software. It’s one of the best cloud-based software for bookkeeping and tax professionals. At BG Accounting, we use powerful software to provide excellent accounting services that meet and surpass your business requirements.
BG Accounting is your key to unlocking financial prosperity and stability. So let us handle your financial needs while you focus on shining in the market.
Bookkeepers oversee a company’s financial data, by maintaining accurate books on accounts payable and receivable, payroll, and daily financial entries and reconciliations.
Bookkeepers handle the day-to-day tasks of recording financial transactions, while accountants provide insight and analysis of that data and generate accounting reports.
The chart of accounts organizes your finances into five major account types, called accounts: assets, liabilities, equity, revenue, and expenses.
In Canada, bookkeepers can set up their business and create a website outlining what they do without any accreditation or designations. However, you’ll need some training and certification to become a professional bookkeeper.
Intuit’s QuickBooks Online has been one of the most common accounting software programs used by small businesses and their bookkeeping and tax professionals. The software is cloud-based and can be accessed through a web browser or a mobile app.
Bookkeepers can help small businesses with accounting software like QuickBooks, taxes and tax preparation, payroll and more. Just a few things a bookkeeper can help with are compiling and reviewing financial statements, ledger preparation, budgeting, and sales and miscellaneous business filings
Keep record for expenditures, income , major purchases invoices made during the period
The single-entry and double-entry bookkeeping systems are the two methods commonly used. While each has its own advantage and disadvantage, the business has to choose the one which is most suitable for their business.
– Some common bookkeeping mistakes include misclassifying expenses, underutilizing your accounting software, Overcomplicating your chart of accounts, Not accounting for beginning balances, Recording bank funds incorrectly and many more
What is the Basic Accounting Equation? The basic accounting equation is Assets = Equity + Liability. It is also known as the balance sheet equation. The double-entry bookkeeping system is founded on this very equation, as it represents that the total credit balance equates to a total debt balance.