Comprehensive Bookkeeping & Finances
Simplifying Your Financial Management, One Transaction at a Time
Managing a small business’s finances is no easy feat, but with Phoenix Knight Financial Solutions, it doesn’t have to be a burden. Our bookkeeping and tax planning services go beyond mere record-keeping—we provide a complete financial management system tailored to your business’s unique needs. From day-to-day transactions to year-end tax planning, we’re here to ensure your business stays organized, compliant, and financially healthy.
Service Details
It’s More Than Just Bookkeeping—It’s a Strategic Financial Approach
At Phoenix Knight Financial Solutions, we understand that small businesses need more than just basic bookkeeping. Whether you’re a sole proprietor, co-owner, or operating a corporation, our service model is designed for businesses that don’t require a full-time bookkeeper but still need an efficient and reliable financial system. Our comprehensive solutions help you reduce business tax, support filing tax obligations, and ensure compliance with CRA regulations. We streamline your financial processes and provide insights necessary for growth while maintaining accurate records for smooth tax filing and preparation for potential CRA audits.
How It Works :
Manage day-to-day financial tasks—such as cash flow, billing, and employee payroll—or let us take care of them for you. Our robust record-keeping system transforms daily transactions into actionable financial insights, making it perfect for any personal or business accounting.
GST/HST and Tax Filing: Ensure your small business remains compliant with CRA regulations and avoid unexpected costs at tax time, helping you meet all tax obligations efficiently.
Income and Expense Tracking: Monitor your financial performance with clear, detailed reports. This essential tracking aids in identifying trends and supports preparation for any CRA audit requirements.
Vital Information Monitoring: Safeguard against missed details with our meticulous documentation and storage. This process facilitates smooth CRA audit preparations and ensures your small business stays compliant with tax regulations.
Effortless Record Keeping—A System That Works for You
Here’s how we simplify your bookkeeping :
Accurate Deposit Tracking: Monitor all bank deposits, including those from POS systems, ensuring every transaction is recorded with precision for financial accuracy.
Detailed Disbursement Recording: Document all outgoing payments—cheques, credit cards, and e-payments—with comprehensive descriptions for easy expense management.
Collaborative Bookkeeping: Work closely with your bookkeeper (whether it’s us or another) to ensure correct transaction categorization, providing a transparent financial history essential for audit purposes.
Efficient Data Summarization: Utilize summaries from bank and credit card statements to quickly input data into bookkeeping software like QuickBooks, streamlining your bookkeeping tasks.
Comprehensive Year-End Preparation: Ensure a smooth year-end close with accurate receivables, payables, and inventory entries, addressing tax obligations, and preparing for any audit requirements—all organized for financial compliance.
Flexible Tools to Fit Your Needs
Whether you prefer to work with Excel, QuickBooks Desktop, or QuickBooks Online, we’ve got you covered. As QuickBooks Pro Certified experts, we offer a seamless integration of your financial data, ensuring accuracy and ease of use.
Let Phoenix Knight Financial Solutions take the hassle out of bookkeeping, so you can keep your focus on growing your business.