(416) 269-2744






Business Setup


Accounting Services

We provide financial information to our clients in a timely and accurate manner.  Our cost effective accounting services

include the following:

1)  General ledger and financial statement preparation:

  • Income Statement: shows the month-to-date and year-to-date results of operations providing the details of revenue and expenses that make up the bottomline(net income/loss).  This will aid you in formulating your decesions and plans for the strategic decision of the company.
  • Balance Sheet: shows the year-to-date financial position of the company providing the details of the cash available, accounts receivable, inventory balances, fixed assets, accounts payable, GST/PST  payable, source deductions payable, taxes payable, bank loans, shareholder loans and retained earnings.
  • Cash Flow Statement: detailed report showing cash inflow and cash outflow.
  • Accounting system setup for new business.
  • Bank and credit card reconciliation
  • Inventory control
  • Fixed asset register management
  • Budget vs actual comparison

2)  We assist to set up your business.  The services include the following:

  • Name search and business incorporation
  • GST/PST/WSIB registration
  • Set up accounting software for book keeping
  • Compliance with Government polocies and requirements
  • Set up company books and records
  • Other business consultancy services

3)  Training – We provide practical Canadian work experience through hands-on training on the following areas:

  • Basic Corporation tax :  Preparation of GIFI(general index of financial information), Corporate income tax return preparation(T2 and CT23) and other related schedules
  • Business Tax Returns:  preparation of business tax returns(T1) for self-employed, partnership or small unincorporated business
  • Personal income tax : completion of individual tax return (T1 and T1 Adjustments)
  • Quickbook : accounts receivable and accounts payable data entries, bank and credit card reconciliation, GST/PST return and payroll preparation

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2481 Kingston Road (Intersection of Midland Avenue) Cliffside plaze, Suit # 207 Scarborough, Ontario M1N - 1V4
Phone : (416) 269-2744, Fax : (416) 269-6097, Email : info@actfinance.ca

Copyright © 2014 - 2008 ACT Finance INC.

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