Discover How We Can Help Your Business

Bookkeeping transactions are the foundation of any successful business and require a great deal of attention. For many businesses, accounting software provides an easy-to-manage tool to track their bookkeeping transactions – however, when these programs are not set up or used correctly they can create an “accountant’s worst nightmare”!

Bookkeeping

Whether you are an Entrepreneur or a Corporation, The Paper Chase staff has the knowledge, and skills necessary to professionally manage all key bookkeeping functions that are customized to fit your specific needs.

We make bookkeeping for your business easy by taking care of your:

  • Data entry
  • Bank and credit card reconciliations
  • Issuing of client invoices
  • Accounts Receivable
  • Accounts Payable – Payment of supplier bills
  • Cash flow or bank account monitoring
  • Month-end review
  • Monthly preliminary financial reports
  • Year-end report preparation for Accountant

You – the client – can assist us by collecting and sorting your papers/receipts in proper order.

Such as:

  • Put in a monthly folder
  • Match and attach receipts to the credit card
  • Debit receipts – match and attach to the bank statement
  • Ensure you have all invoices to your clients and note when paid and how
  • Ensure that you have all vendor / payable invoices and note when paid and how
  • Always include original bank statements and credit card statements, any CRA/PST/WCB letters/statements, New vehicle/equipment purchase documents, etc.

New Business Start-Up

Let The Paper Chase be of assistance as you navigate through the business start-up phase. Ensuring that all your bases are covered is the first step in the process.

We are dedicated to business growth, investing in The Paper Chase to manage your financial needs allows you the time to focus on your business. We can assist you with:

  • The purchase of your Accounting Software
  • The set up of accounting data files in QuickBooks Desktop and Online or Sage Accounting
  • The set up of your invoicing templates and chart of accounts
  • Guidance on policies and procedures within the bookkeeping realm

We work with you to achieve your growth objectives by assisting you with:

  • Budget review and preparation
  • Seek out areas of improvement
  • Work with you and your Professional Accountant
  • Provide you with bookkeeping services to assist you with your businesses growth
  • To assist your staff with monthly bookkeeping procedures

Payroll

The Paper Chase offers full payroll services, whether you are just starting out or have a payroll system in place, let us assist you with the payroll input to your provider or provide you with payroll services such as:

  • Preparation and issue of payroll cheques
  • WCB Preparation and Filing
  • Monthly Payroll Source Deductions Preparation and Filing (PD7a)
  • Preparation of Record Of Employment
  • Tracking of vacation and sick time
  • Tracking and set up of medical benefits
  • Tracking of taxable benefits
  • Set up of direct deposit for employees
  • Preparation of T4, T5 and T5018 Slips and Corresponding Summary Report
  • Union Payroll and Due Remittance

Government Remittances

We can prepare and file your government forms – let us assist you with ensuring your government deadlines are met. We can assist you with:

  • GST/HST Preparation and Filing
  • PST Preparation and Filing
  • WCB Preparation and Filing
  • Monthly Payroll Source Deductions Preparation and Filing
  • Preparation of Record Of Employment
  • Garnishee Remittances
  • Prep and filing of T4, T4A, T5018

Client Training

We can provide personal, qualified training on the two most popular accounting software for small and medium-sized businesses: QuickBooks and Sage50 (formerly known as Simply Accounting)

We can assist your company with:

  • Setup and configuration of accounting software
  • Paying bills with cheques, credit cards, online banking and debit cards
  • Invoicing clients, receiving payments, and making bank deposits
  • Payroll: set up of employees, creating paycheques, remitting Government Liabilities; tracking vacations; and setting up direct deposits etc
  • Bank/Credit Card Reconciliations
  • Month End procedures
  • Government remittances: GST/HST, PST, WCB and Payroll Source deductions

Personal Income Tax

The Paper Chase can assist you with your personal income tax preparation and filing needs.

Let us minimize your taxes and maximize cash. We can assist you with:

  • T1 Basic personal income tax preparation
  • Personal taxes with (T2125) Business Statement
  • Efile

Call us today to learn how, we can help your business!