For over 22 years, Ray-Lo Bookkeeping Services has been committed to the complete satisfaction of our clients throughout Winnipeg. When you hire Ray-Lo Bookkeeping for oversight of your financial services, you can rely on quick response times and services tailored to fit your specific needs. We’re an excellent resource for small businesses in Winnipeg. Trust us to manage your accounts, offer trustworthy consultations, and incorporate your business. For a range of reliable bookkeeping services, call Ray-Lo Bookkeeping today. We offer direct deposit for our bookkeeping and payrolls clients.
Ray-Lo Bookkeeping Services offers you a few tips regarding bookkeeping:
With our computerized accounts payable system, we can keep track of your payables and make sure you are current with all payments. We enter the bills and keep track of the vendor balances and due dates. You can either pay the bills yourself or authorize us to pay them with computer cheques. After the cheques are printed, all you would have to do is meet with us and sign them. We can provide reports on how much you spent at each vendor and how much you still owe them.
Improve the efficiency of your customer invoicing and payments. Our accounts receivable system allows you to e-mail or fax invoice details. We enter the invoices into our system and mail them to your customers. Customer statements can be sent out at the end of every month. This is a good reminder to customers who owe you money. Interest can also be added for late paying customers. A current customer list can show you who owes money and how old the invoice on which they owe is. Ray-Lo Bookkeeping Services can also make your bank deposits for you. This ensures that your deposits are made promptly to keep a steady cash flow.
With regular bank reconciliation and month-end preparation, you can see what your company’s financial position is on a monthly basis. You can send us your month-end information or we can pick it up within the city. We enter data which enables us to reconcile your bank and credit card accounts. After the month-end services are completed, we print out monthly and annual to-date financial statements. We meet with you and review financials after completion of month-end services, where we can spot problem areas and make recommendations. Financials are readily available if they are requested by the bank. Month-end services are usually completed in just one week.
Some of the most common mistakes made with payrolls are due to a lack of a good system. Our system is easy and will save you time and money. Our payroll system is outlined below.
When your books are recorded monthly, the GST and PST amounts are calculated automatically. Before the due dates for your GST and PST come up, we print out a report and calculate what your payment will be.
You would be advised of the return due dates and the amount of your payment. If you wish, we can make the payment for you at the bank.
Putting together a year-end package will make it easier for your accountant and should help you save money and improve efficiency.
Preparations for year-end finances:
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