Set Up Your Business
Take the frustration out of your financials with the right system set up the right way!
Setting up the right bookkeeping system for your unique business can be a daunting process. There are many things to consider and you may not have all the answers yourself. With over 20 years of experience, we stand ready to help you get up and running.
Choose Your Structure
Choose Your Software
Choose Your System
Set Up Your Structure:
There are two types of small business entities in Canada. The first is as a Sole Proprietor, and the other is to become Incorporated. You can often start as a Sole Proprietor and move the business into a Corporation at a later date. We always recommend using the services of a corporate lawyer when setting up a new corporation; this is especially important if you are considering adding a partner to the corporation.
Once your business is registered, we will set up your chart of accounts in the accounting software, and begin tracking your government remittance requirements, HST, Payroll, Taxes, WSIB. We will guide you in choosing the proper structure based on your goals and Revenue Canadas requirements. If your business is new, we can offer guidance on how to set yourself up for a healthy future.
Set Up Your Software:
Our technology package includes all the software you will need to perform your day to day record keeping efficiently. This software package allows us to interact with the information as needed so that we can make sure everything is tracked and accounted for correctly. We offer our technology package at substantial discount saving you money, and we will handle all the initial setup and offer ongoing coaching and support.
Set Up Your System:
We will create a custom data entry system that is unique to your industry and track what is important. This system will help you stay on top of all of your Government remittance requirement, so you’re your company never misses a filing date and avoids late filing penalties and interest payments. Having a sound data entry system will go a long way in maintaining the health and organization of your financials for years to come!
What We Do
Safeguard Your Business
Does the stress of staying compliant keep you awake at night?
Leave your financial reporting to us and spend your time growing your business with the peace of mind of knowing that your Padgett representative is in your corner.
Stay in Control
We will keep your statements up to date and accurate to reflect your company’s current financial state. Tracking your Accounts Receivable for late-payments, and dealing with your Accounts Payable on time will protect your company’s reputation and take advantage of discounts. Having a dedicated accounting team working with your business will keep you focused and on track to meet your goals.
We will ensure that your financials stay up to date with the latest industry guidelines and restrictions. Most business owners don’t have the time or interest to keep up with all the Bulletins and Updates that Revenue Canada or the Province produce regularly. Changes in the GAAP (Generally Accepted Accounting Principles) change, and you are required to be compliant with your financial records. We receive all the relevant information and will make sure the changes and requirements applicable to your business are applied and adapted, as necessary. Our clients can rest easy, knowing that their financials will remain compliant and follow all government requirements.
Stay in Control:
We will be ready to act, whether you need help navigating a CRA Payroll or HST Trust examination or a financial turn let our expertise be your safety net to put out fires on your behalf. Stepping back and looking at the big picture keeps you aware of the direction your company is moving and gives you time to be proactive instead of always reactive. Our experience will help direct you, so you stay in control of your business and not let your business control you.
What We Do
Scale Your Business
Need to make business decisions based on complex financial details?
From a consistent, accurate and complete set of records, we have the basis for consulting and advising you about your business. We are in the unique position of understanding your business, after 40 years, we are the Small Business Pros!
Ask Your Questions
Assemble Your Team
Attract Your Investors
Ask your Questions:
We will be here for you to answer any questions and lend our experience as you seek to grow your business. You may have found it can be difficult as a business owner to find someone trusted and qualified to talk to about your business finances. You might not want to reveal problems or concerns to family or friends or discuss sensitive information with a stranger. Our team of experts are available to listen and answer your questions based on your current financial situation and our previous experience in business and accounting. Whether you need assistance with your current situation or future decisions, we will help you confidently and confidentially outline a solid plan moving forward.
Assemble Your Team:
We will become part of your company. As your business grows, we have the support staff and services to grow with you. Most small business owners do not have the resources to hire an in-house accounting department. By outsourcing your bookkeeping and accounting to us, we will save you time, money, and costly mistakes.
Our knowledgeable staff are here to provide the services you need, our team is continually updating their knowledge and are ready to help. We also stand at the ready with our Rolodex of tried and true local referral partners for any other needs that may arise.
We are committed to helping grow success stories, one entrepreneur at a time. Making sense of complex financial data is what we do best, and it all starts with getting the job done right. Start today, and let us help you achieve your financial goals!
We know your financials have been weighing on you and we are here to help. We’ve got this! When you hand your bookkeeping and accounting duties over to us, you will be free to focus on strengthening your business and delivering your craft with excellence. Stop drowning in paperwork and get started with us today!