A local bookkeeper is no longer required for small firms. Bookkeepers may securely view their clients’ books from anywhere using
the internet and cloud technology. Instead of choosing the local, neighborhood accountant by default, business owners may now choose a bookkeeper who genuinely understands their sector and operations and can provide efficient solutions.

Despite what people think, accountants and bookkeepers uphold completely different responsibilities for the firms they serve.
Bookkeepers are in charge of keeping their clients’ general ledgers up to date. The following are some of the most typical roles of a bookkeeper:

  • Data collection daily
  • In the general ledger categorizes the expenses.
  • Verifying the accuracy of the general ledger
  • Bank statements must be reconciled with the general ledger.
  • Putting together financial statements

Accountants use the bookkeeper’s comprehensive and up-to-date general ledger to provide advisory services such as:

  • Examining the financial facts of the company
  • Preparing tax returns is a job that requires a lot of time and effort.
  • Assisting with tax planning

Outsourcing bookkeeping from consulting firms may be more efficient in time and money.

If done by an outsourcing company, simple bookkeeping might take at least 3-5 hours in a day. This time could be better spent managing the company’s operations.
Hiring in-house bookkeeping services to handle accounting, tax collection, and payroll chores could be more expensive than hiring a firm to do the same work. The company would also have a binding contract to assure service continuity irrespective of personnel changes.

If you become our client, you will get your email address that is secure, and our team will give all the information over this email securely. Our team works on strict security policy and is and works with well-equipped Sharefile, Docs, or Dropbox for sensitive data.

When you work with us, you will also have access to your books, and your allocated Managers will work with you to develop a method that works for both sides in terms of “who does what.”

It’s all about you and what you require. Some customers require more solutions than others, and some businesses are more complicated. We’ll need to understand the scale of your company, the type of assistance you require, and some specifications about the number of data sources you have, and then we’ll give you an estimate! We bill on an everyday basis so that we can scale up or down with your company!

MUIA Consulting is a multi-unit accounting and bookkeeping firm specializing in franchising and multi-unit enterprises. We can keep track of the books for each location and provide you with reports on the general financial health of your company.

Definitely, we provide bookkeeping packages for practically any size small business as we have small business accounting in Toronto

MUIA consulting firm can provide these services:
Bookkeeping/ revenue reconciliation –

  • Deposits are recorded, payments are matched to accounts receivable, and cash flow is managed.
  • Payroll services Toronto – Direct payroll deposit, Paperless, CRA integration, and many more
  • Virtual CFO – Oversight financial health, Evaluate growth opportunities, Cash management, and planning.
  • Tax services Toronto – Tax return filing, Advice regarding taxes, certified tax experts help you will get to have.