This FAQ page provides clear answers to common questions about bookkeeping and financial reporting, including full-cycle bookkeeping, reconciliations, management-prepared financial statements, and financial analysis. It is designed to help businesses understand key processes and how accurate reporting supports informed decision-making.
Disclaimer: We provide non-assurance services only. We do not provide audits, reviews, or any other regulated assurance or attest services.
Full-cycle bookkeeping includes recording financial transactions, posting to the general ledger, managing accounts payable and receivable, reconciling accounts, and preparing month-end and year-end reports. It keeps your financial records complete, accurate, and current.
We offer flexible frequencies based on your needs: monthly, quarterly, or annually, depending or transaction volume and reporting requirements.
Yes. We work with major platforms such as QuickBooks, Xero, NetSuite, Wave, and others. We can also assist with setup, migration, and cleanup.
Share a brief overview of your current bookkeeping and reporting needs. We'll review your environment, recommend the right service level, and provide a tailored proposal.
We reconcile bank accounts, credit cards, loans, cash accounts, intercompany balances, related-party accounts, and other balance sheet accounts to ensure accuracy and completeness.
Yes. We can clean up and bring historical records up to date, including reconstructing records, reconciling past periods, and preparing current management reports.
Yes. We prepare management-prepared financial statements aligned to IFRS, ASPE, or US GAAP frameworks as needed for internal and stakeholder reporting. These are non-assurance financial statements and do not constitute an audit or review.
We can prepare management-prepared statement packages and period-end reports for internal or stakeholder use. These are not compilation engagements under professional standards and do not provide assurance.
Yes. We provide variance analysis, ratio analysis, trend insights, cash flow analysis, and budget-to-actual reporting to support decision-making.
Yes. We design custom management reports, dashboards, operational KPIs, and industry-specific reporting packs to match your needs.
We provide pre-year-end preparedness support such as organizing schedules, reconciling accounts, and documenting processes to make external reviews more efficient. We do not perform audits or reviews and we do not provide assurance.
We can assist with financial reporting support, schedules, normalization adjustments, and data organization for due diligence processes. We do not provide assurance or attest services.
We support small and mid-sized companies, real estate and asset management groups, professional services firms, nonprofits, and multi-entity organizations. Services are tailored to your industry and reporting framework.
Through structured processes, reconciliations, documentation, and multi-step reviews, combined with secure information-handling practices. Your financial data remains accurate, protected, and confidential.
This FAQ page provides clear, concise answers to common questions about indirect tax in Canada including GST, HST, and QST registration requirements, filing obligations, Input Tax Credits, QST rebates and multi province compliance considerations. It is designed to help businesses understand how federal and provincial sales tax rules apply to their operations and what steps are required to stay compliant across different jurisdictions. If you need guidance tailored to your specific tax situation, our team can provide support for indirect tax compliance, advisory, and cross border obligations.
You generally must register if you make taxable supplies in Canada and your worldwide taxable revenues exceed the small supplier threshold, commonly $30,000 in a 12-month period. Quebec may also require a separate QST registration.
Filing frequency depends on your annual taxable supplies. Many businesses may choose monthly, quarterly, or annual filing. More frequent filing can improve cash flow by accelerating credit recovery.
Prior returns, tax IDs, sales and purchase listings with tax codes, sample invoices, and key contracts. We provide a checklist and secure intake process.
Yes. You can submit an adjustment to correct errors or missed credits. We prepare the schedules and supporting documentation.
Valid invoices with supplier tax numbers, sales and purchase listings, proof of delivery where applicable, and reconciliations of ITCs and QST rebates.
Yes. We manage filings across provinces and ensure correct tax rates using place of supply rules
Timely filing does not guarantee accuracy. Reviews detect incorrect tax coding, missed credits, and documentation gaps that can lead to preventable costs
Valid invoices with supplier tax numbers, sales and purchase listings, proof of delivery where applicable, and reconciliations of ITCs and QST rebates.
Annually for most businesses, or before major system changes, expansions, or new product launches.
Before new product launches, restructurings, market expansions, or changes in sales channels such as moving into ecommerce.
Valid invoices with supplier tax numbers, sales and purchase listings, proof of delivery where applicable, and reconciliations of ITCs and QST rebates.
Annually for most businesses, or before major system changes, expansions, or new product launches.
Often yes, within statutory deadlines. We analyze purchases, validate documentation, and prepare recovery schedules.
Incorrect tax coding, incomplete supplier invoices, or expenses tied to exempt activities.
By correcting coding, improving documentation, and aligning contracts to the correct tax treatment across provinces.
Often yes for goods when conditions and documentation requirements are met. Services depend on specific rules.
Sometimes. It depends on customer location, type of supply, and whether the business is considered to be carrying on business in Canada.
If tax is not charged on certain inbound purchases, you may need to self-assess. We help identify these situations and implement appropriate procedures.
Many do. Eligibility and rebate rates vary by program.
Many financial services are exempt. This can limit ITC recovery and may require allocation methods to support compliance.
Treatment of production inputs, capital equipment, and inter provincial shipments. Correct coding and documentation ensure proper tax treatment is applied.
Valid invoices (with supplier tax numbers), receipts, contracts, proof of delivery, and tax coding support. We provide a documentation checklist and build audit-ready working papers.
Typically, six years from the end of the last tax year they relate to, though certain events (e.g., objections, appeals) can extend periods. We can create a retention policy aligned to your risk profile.
Likely yes, if you carry on business in Quebec or meet specified thresholds as a non-resident supplier/platform. Quebec has independent registration and filing requirements.
They are similar but not identical. Revenu Québec has specific invoice details and recordkeeping expectations.
This FAQ page provides clear, concise answers to common questions about Financial Planning & Budgeting (FP&A), including financial modelling, forecasting, budgeting, cash flow planning, break-even analysis, investment appraisal, and performance reporting. It is designed to help organizations understand how FP&A practices support strategic decision-making, improve financial clarity, and strengthen long-term business performance.
Whether you need guidance on building financial models, improving liquidity, evaluating new initiatives, or creating performance dashboards, this resource outlines the fundamentals and what to expect from each service area. If you require support tailored to your unique operational or financial needs, our team can provide dedicated FP&A advisory, analysis, and ongoing performance management services.
A financial model helps you simulate your business financial performance, enabling better planning investment decisions, and scenario testing.
Forecast accuracy depends on the quality of your historical data and assumptions. We apply structured methodologies to ensure forecasts are realistic, credible, and grounded in financial logic.
Yes. All models are fully tailored to your business structure, revenue streams, cost drivers, and KPIs.
We support a wide range of industries including daycare centers, automotive, real estate, FMCG, retail, and more.
Strong cash flow planning ensures your organization can meet short-term obligations, invest confidently,
and maintain financial stability.
Yes. We review historical trends, working capital patterns, and operational drivers to pinpoint liquidity risks before they become issues.
Most organizations update cash flow monthly or quarterly; however, high-growth or high-volatility businesses benefit from weekly or real-time updates.
Absolutely. We develop both immediate cash projections and long-range liquidity plans.
Operational budgets focus on day-to-day activities, while financial budgets take a broader view- covering income, expenses, capital allocation, and overall financial health.
Yes. We coordinate and consolidate budgets across departments to ensure alignment with organizational goals.
We provide budget variance analysis and ongoing performance tracking to identify deviations and make timely adjustments.
Yes. We can design budgets using traditional, rolling, or zero-based approaches depending on your operational needs.
It determines the point where total revenue equals total costs - helping you understand required sales, pricing strategies, and cost structure impacts.
Feasibility assessments are ideal before launching a new product, service, business unit, or capital project.
Our analyses cover financial projections, cost structures, pricing, profitability, and risk considerations.
Yes. We frequently support start-ups in validating business concepts and preparing for investor discussions.
We apply industry-standard techniques such as NPV, IRR, payback period, and ROI analysis.
Yes. We compare scenarios side-by-side to help you determine the most financially sound investment.
Absolutely. We evaluate expected returns while analyzing potential risks, sensitivities, and uncertainties.
Yes. These evaluations are essential for capital budgeting, expansion decisions, and long-term investment planning.
It's a visual tool that presents key financial metrics in real time, enabling faster, data-driven decision making.
Yes. Dashboards can connect to accounting systems, ERP platforms, spreadsheets, and databases depending on your setup.
We customize dashboards with KPIs such as revenue, expenses, cash flow, profitability, variances, and other performance metrics relevant to your business.
Yes. We can handle monthly or quarterly reporting cycles, dashboard refreshes, and enhancements as your business evolves.
Clients often have questions about how our valuation and advisory services work, what information is needed, and how our analysis supports strategic decisions. Our FAQs address common topics such as valuation timelines, scenario modeling use cases, buy-side assessment criteria, preparing for a sale, and understanding capital structure decisions. These insights help businesses gain clarity on our approach and how our services provide practical support during key financial and transactional moments.
We focus on practical, analysis-based valuations designed to help owners understand business value for planning, negotiations, and decision-making
Typically: financial statements, high-level operational data, major contracts, customer mix, and key performance drivers.
Most assessments take 2-4 weeks depending on information availability and business complexity.
Yes. Our work is intended to support planning, negotiations, investment decisions, and genera business insights.
It helps you understand how changes in pricing, growth, costs, or market conditions impact business value-especially during uncertain or transitional periods.
Common scenarios include best-case, base-case, worst-case, pricing changes, cost shocks interest rate shifts, and growth acceleration.
We can build simple models for quick insights or more detailed, driver-based models that incorporate multiple-assumptions and sensitivities.
Yes. Scenario modeling provides clarity that supports negotiations planning forecasting, and investment choices.
Operational budgets focus on day-to-day activities, while financial budgets take a broader view- covering income, expenses, capital allocation, and overall financial health.
Yes. We coordinate and consolidate budgets across departments to ensure alignment with organizational goals.
We provide budget variance analysis and ongoing performance tracking to identify deviations and make timely adjustments.
Yes. We can design budgets using traditional, rolling, or zero-based approaches depending on your operational needs.
It determines the point where total revenue equals total costs - helping you understand required sales, pricing strategies, and cost structure impacts.
Feasibility assessments are ideal before launching a new product, service, business unit, or capital project.
Our analyses cover financial projections, cost structures, pricing, profitability, and risk considerations.
Yes. We frequently support start-ups in validating business concepts and preparing for investor discussions.
We apply industry-standard techniques such as NPV, IRR, payback period, and ROI analysis.
Yes. We compare scenarios side-by-side to help you determine the most financially sound investment.
Absolutely. We evaluate expected returns while analyzing potential risks, sensitivities, and uncertainties.
Yes. These evaluations are essential for capital budgeting, expansion decisions, and long-term investment planning.
It's a visual tool that presents key financial metrics in real time, enabling faster, data-driven decision making.
Yes. Dashboards can connect to accounting systems, ERP platforms, spreadsheets, and databases depending on your setup.
We customize dashboards with KPIs such as revenue, expenses, cash flow, profitability, variances, and other performance metrics relevant to your business.
Yes. We can handle monthly or quarterly reporting cycles, dashboard refreshes, and enhancements as your business evolves.
Our specialized financial services frequently involve questions around process design, internal controls, technical accounting analysis, compliance reviews, and risk management. The FAQs provide guidance on what these services include, how we work with internal teams, and the type of improvements organizations can expect. This overview helps clients understand how these services strengthen financial operations, enhance decision-making, and improve overall organizational effectiveness.
SOPs help ensure consistency, reduce errors, and create clear expectations for how financial tasks should be completed across the organization.
Yes. We review your current processes, identify gaps or inefficiencies, and enhance your SOPs to make them more practical, scalable, and aligned with best practices.
Timelines depend on the number of processes and complexity, but a standard finance cycle (AP AR, month-end, etc.) typically takes 1-3 weeks per process.
Yes. Our work is intended to support planning, negotiations, investment decisions, and genera business insights.
We focus on designing or improving controls across financial processes such as revenue purchasing, payroll, reconciliations, and month-end close.
No. Our work is advisory in nature and focuses on strengthening processes, reducing risk, and helping you implement practical control improvements.
We review workflows, responsibilities, and supporting documentation to assess where errors bottlenecks, or breakdowns may occur and propose targeted improvements
Yes. Scenario modeling provides clarity that supports negotiations planning forecasting, and investment choices.
We review financial performance, margins, cash flow trends, and operational indicators to help you understand strengths, weaknesses, and value drivers.
Yes. We highlight key risks, value considerations, and financial insights to support your investment decision.
Ideally before submitting a letter of intent or making any major commitments, so you have clarity on value and potential risks.
Yes. We assess potential revenue, cost, and operational synergies to help estimate value creation opportunities.
We assist with revenue arrangements, leases, business combinations, contract assessments financial instruments, and other transactions that require deeper analysis
No. We provide practical guidance and analysis to support your internal decision-making and help you understand potential accounting implications.
Yes. We break down the relevant guidance, summarize options, and help you assess the financial reporting impact of different approaches.
Yes. We can collaborate with your transaction, financial, or operational advisors to ensure a smooth process.
We review your processes, documentation, and data against internal policies, workflow expectations, and business requirements to identify improvement areas
No. These are advisory-level reviews designed to highlight process risks, inefficiencies, or inconsistencies-not regulated assurance work.
We support project-based work such as financial process reviews, analytical deep dives, policy updates, process mapping, and data validation exercises.
We help identify operational and financial risks, assess their impact, and develop mitigation strategies and monitoring practices.
Yes. We assist with developing KPIs, scenario analysis, strategic roadmaps, and financial models that support long-term planning.
Absolutely. We collaborate with management to evaluate risks, refine strategic priorities, and build frameworks that align with business goals.