Frequently Asked Questions

If your books are caught-up and in good order prior to migrating to us, then great. If not, we are happy to provide catch-up bookkeeping services for a separate fee and will propose this solution in the final quote.

In most cases, your current records are only accurate if the past records are correct. While we are practical in how far back to go, we believe it is important to start a fresh set of books with a good starting point.

From DIY bookkeepers to scale-up businesses, we’ve helped multiple clients get a grip on their books. Please read the latest case studies in Bookkeeping Solutions.

As a licensed public practice firm, we are equipped to perform more than bookkeeping and grow with your business. As a fully remote digital firm, we put our efforts into value-added work for our clients. While not for everyone, we work best with clients that take an ongoing interest in their accounting and financial performance.

Client bookkeeping is completed by a team of Cloud Bookkeepers. While remote, the team is based in Metro Vancover. The Bookkeepers are experienced, Quickbooks Online trained, and supervised by a designated Cloud Accountant. The Cofounders are regularly involved in all aspects of delivering high quality bookkeeping services.

We will require regular input from you to record your books on an accurate and timely basis. We endeavor to provide you with the tools and training to easily provide the necessary information. We have developed processes to balance the need for accuracy and timeliness. Generally, clients should expect to take a year before settling into a regular flow of bookkeeping.

We carry out hybrid-accrual accounting through our Bookkeeping Services because we are thinking two steps ahead for our clients. Larger companies use accrual accounting because it records when money was earned or spent instead of when money entered or left a bank account. This method improves your financial reporting and future proofs your business.

Although not part of our bookkeeping packages, our team is experienced in performing these functions. We are happy to provide a custom quote on the above services.

Our goal is to ensure you are compliant with the CRA requirements for eligible expenses (short answer is yes, the CRA requires receipts for everything. But we understand the need to be pragmatic as you are busy running a business and receipts can be lost. We generally will forgo receipts for recurring expenses (i.e. app subscriptions) and receipts less than $100 in order to keep the bookkeeping process moving along.

Through our Bookkeeping services, we can assist with your GST, PST, Worksafe BC, and Employer Health Tax, and payroll tax filings. For corporate tax preparation, you will engaged separately through our Accounting & Tax services.

If you are a business client, we can prepare your T1 personal tax return along with your T2125 for sole proprietors or T2 for corporations. This is a separate engagement through our Accounting & Tax services.