Spark is expanding their services to include bookkeeping!
With the oversight of experienced professionals, our new bookkeeping services allow business owners and entrepreneurs to focus on building value for their customers, without getting slowed down by the daily management of their transactions.
OUR SERVICES
1. Bookkeeping
Recording of day-to-day transactions in an accounting system, which may include:
Processing of accounts payable
Processing of accounts receivable
Account reconciliations
Classification of transactions in an existing accounting system
Calculation of GST/HST remittances
Providing guidance on improving bookkeeping processes
Preparation of year-end file to pass on to the client’s accounting firm for tax return preparation
2. Budgeting
In collaboration with the client, assist with preparation of financial forecasts and budgets for the business.
3. Accounting Software setup assistance
Training on how to use Quickbooks for streamlining of bookkeeping tasks for the business owner who wants to improve how they manage their books.
Setting Up QuickBooks:
Entering Transactions:
Reconciling Accounts:
Generating Financial Reports:
Managing Payroll (if applicable):
EXCLUSIONS
Our services are limited to bookkeeping and record keeping only. We do not provide professional accounting or tax advice.
We do not prepare any tax returns.
We do not perform audits
We do not offer legal advice
We can’t make financial decisions for our clients or create a financial strategy.
We don’t provide IT support
We don’t offer business consulting or management services
We have zero tolerance policy for any illegal or disrespectful behavior
*NOTE: Costing is determined by the number of hours estimated to complete the service package chosen above based on individual business needs.
This strategic expansion enhances not only our capacity to address critical community needs but also provides invaluable, hands-on experience for St. Lawrence College's dedicated Accounting and BBA students.
Bookkeeping is an essential business activity and keeping insufficient records can have a number of long term effects on your business:
Poor financial record keeping can lead to cash flow imbalances, unnecessary expenditures, and missed reinvestment or growth opportunities.
This can lead to challenges come tax season as inaccuracies can potentially lead to fines, penalties or legal issues.
Finally, greater difficulties when applying for grants, loans or lines of credit from financial institutions.
At Spark we’re not just providing an immediate solution for businesses, but an integral part of the long-term business resilience across our communities. As the students who work for us graduate, they bring their capabilities and entrepreneurial spirit into their communities, strengthening the business communities and economic future for the current and next generation.
To learn more or to book an initial consultation please email contact@sparkslc.ca
The images in this blog post are generated using AI.