Small Business Bookkeeping Services

We will do the books | You focus on your business

Let us handle your business bookkeeping, while you concentrate on growing your business.

Small Business Bookkeeping Services

Small Business Bookkeeping – Seeking dependable small business bookkeeping services in Coquitlam and Greater Vancouver? CNC is your go-to solution. Our role in your business’s journey is to ensure smooth short and long-term growth, with a focus on precision and reliability in bookkeeping. Midway through your financial journey, small business bookkeeping remains a cornerstone of success, offering solutions to avoid cash flow issues and optimize resources. We provide efficient bookkeeping and accounting expertise, allowing you to concentrate on your business operations while we handle tax preparation and financial management. Our small business bookkeeping ensures a stress-free operation for your business. Request below for flexible, fixed-fee monthly bookkeeping services plan, and experience a growth journey free from financial worries.

CNC Your Strategic Partners in Success

At CNC, small business bookkeeping is more than just a service; it’s our top priority. We understand the importance of timely and accurate business reports for small businesses and are dedicated to delivering these crucial insights promptly. Our commitment to small business bookkeeping ensures that all financial deadlines are met efficiently and accurately. With our experienced team of accountants specializing in small business bookkeeping, we closely monitor your business’s financial health, providing expert advice on effective growth strategies and tax-saving opportunities. Trust CNC to maintain impeccable financial records and guide your small business toward success.

Better Bookkeeping Brings Financial Clarity.
Let us help you.

Focus on growing your business, not managing your books. With our expertise, we’ll organize and update your books efficiently. Delaying only adds to your stress. Embrace the convenience of our virtual small business bookkeeping services and stay on top of your financials with ease.

Small Business Bookkeeping Services Coquitlam

Our Small Business Bookkeeping Services

Full Cycle Bookkeeping

Let us handle your monthly bookkeeping tasks, managing accounts receivable, accounts payable, fixed assets schedule, and general ledger. Gain a clear picture of your business’s financial health with our meticulous services.

Payroll Services

Ensure seamless payroll processing with our bi-weekly, semi-monthly, and monthly payroll services for employees and owner management. We also handle payroll services for unionized businesses, including union dues remittance.

GST, PST and WCB

Stay compliant with CRA regulations for GST, PST, and WCB filings. Avoid harsh penalties with our accurate and timely filings, giving you peace of mind.

T4 and T5 Filing

┬áCanadian businesses must remit T4 and T5 slips. Let us handle the reconciliation of remittances against payroll deductions to meet statutory requirements. We’ll e-file T4s and T5s electronically, ensuring proper compliance.

Financial Statements

Our experienced team prepares various financial statements, including Compilation CSRS 4200, Reviewed Financial Statements CSRE 2400, and Agreed Upon Procedure Reports CSRS 4400. Rely on us for accurate and insightful financial reports.

Books Setup & Clean Up

Streamline your accounting with our expertise in QBO, QB Desktop, Sage50, Xero, and Wave. We’ll help you set up chart of accounts and clean up your accounting books, converting raw data into meaningful insights for sound business decisions. Trust our years of experience to enhance your financial management.

Why Choose Us

Transparent Pricing

Say goodbye to surprises with our fixed monthly fees. You’ll always know exactly what you’re paying for, as we agree upon all fees upfront.

Approachable

Our friendly and approachable team provides clarity for your business decisions, ensuring you feel supported every step of the way.

Decades of Experience

With 23 years of experience assisting family businesses across various industries, our second-generation family-owned firm is uniquely positioned to provide valuable advice for your business success.

Uncompromising Standards

Committed to the highest professional standards set by Chartered Professional Accountant Canada, we stay updated on industry developments, swiftly implementing best practices for your benefit.

Timely Reports

Whether you need reports for internal management, CRA compliance, or financial institutions, rest assured that we deliver on time. Our regular record updates ensure mission-critical reports are always available when you need them.

Flexible Service Options

Whether you prefer virtual meetings, in-person consultations, phone calls, or emails, we offer flexible and accessible communication channels. Simply book a meeting through our online calendar at your convenience.

CRA Audit Representation

Gain peace of mind with our comprehensive CRA audit representation services, protecting your interests throughout the process.

Satisfaction Guaranteed

At CNC, you’re not just a customer or a file number; you’re a valued friend. We go the extra mile to ensure your satisfaction, offering a month of free service if you’re not happy with our exceptional assistance.

Precision in Work

We don’t simply process your books and tax returns; we take the time to do them correctly and accurately. Our commitment to quality work guarantees your complete peace of mind

What People Say?

Google Review
5/5
I brought my 2018 return into CNC to be reviewed as I felt I had missed something when I had originally filed. Sure enough, they were able to spot it and I am now waiting for a refund from Revenue Canada in the mail! I dealt with the owner, Nafees, who is friendly, knowledgeable and prompt. I'll definitely be bringing my taxes to him again this year. It was a very positive experience.
cpa coquitlam
Jane Evans
Google Review
5/5
Nafees has great problem solving skills. I had an issue with CRA for a while. They not only hold all my 2017 refund but also reassessed me for additional taxes. My previous accountant couldn't resolve the issue. Nafees handled the matter within few weeks. Not only I received my 2017 refund but also CRA reversed the reassessment. Nafees also filed 2018 taxes and I received my 2018 refund as well within couple of weeks. On the top of all this customer service was great, very polite staff. Fees was very reasonable. I will recommend Nafees for all the tax work. I am not going to change accountant anymore. This is the firm, I will be using from now on, for all my tax work.
cpa coquitlam
Marty Green
Google Review
5/5
Thanks Nafees for helping me out with my business taxes and saving me time and substantial taxes. With your professional approach and recommendations the whole process was painless. I will definitely recommend you among my friends for all bookkeeping and the tax work. Good to have an advisor like you during this difficult COVID19 times. Your advise was very helpful for my business.
cpa coquitlam
Janet Wesley

Case Study

Streamlining Bookkeeping for a Local Restaurant

Situation

A local restaurant in Coquitlam was facing challenges in managing their accounts and payroll. They were spending too much time on bookkeeping and less on their core business activities.

Approach

CNC’s Comprehensive Strategy

CNC stepped in and took over the full-cycle bookkeeping tasks, including accounts receivable, accounts payable, and payroll services.

Software Implementation

We implemented a new accounting software to automate many of their processes. This software was chosen for its user-friendly interface and robust features that could handle the restaurant’s unique accounting needs.

Modified Chart of Accounts

CNC reviewed and implemented a modified chart of accounts to properly capture the food cost. This was critical for the restaurant to accurately track and manage one of its most significant expenses.

Training and Support

In addition to software implementation, CNC provided training sessions for the restaurant’s staff to ensure they could navigate the new system effectively. We also offered ongoing support to troubleshoot any issues.

Tax Planning

Utilizing our expertise in Canadian tax law, we advised the restaurant on how to save money on taxes through effective planning and strategy.

Result

Time Efficiency

The restaurant saw a 30% reduction in time spent on bookkeeping activities, allowing them to focus more on customer service and business growth.

Financial Organization

They also reported a more organized financial structure, which made it easier for them to make informed business decisions.

Improved Margins

By implementing the modified chart of accounts, the client was able to monitor the food cost more effectively. This resulted in improved margins.

Increase in Net Profit

The net profit increased by 7.5% within the first six months due to the more accurate tracking and management of food costs.

Frequent Objections About Outsourcing Bookkeeping Services

Even if your bookkeeping is simple and you can do it yourself, hiring an accountant still has its advantages. An accountant can provide you with professional expertise and advice that can help you make informed financial decisions. They can also help you ensure that your books are accurate and up to date, which can help you avoid errors and penalties.

While accounting software can be a useful tool for bookkeeping, there are still several advantages to hiring a CPA firm. A CPA firm has a team of experts with specialized knowledge and experience in accounting, tax laws, and financial reporting. They can provide valuable insights and advice that accounting software may not be able to offer.

CNC offers flexible monthly bookkeeping packages with fixed fees to suit your needs and budget. Reach out to us for detailed pricing information.

Small business bookkeeping services from CNC can ensure accurate financial records, optimize tax planning, and free up your time to focus on growing your business.

Yes, CNC provides efficient and reliable online bookkeeping services tailored specifically for small businesses. Our virtual solutions allow seamless collaboration and access to your financial records from anywhere, ensuring convenience and flexibility for your business needs. With secure cloud-based platforms, you can trust CNC to handle your bookkeeping efficiently and accurately, all while saving you time and effort.

The main difference between a CPA accountant and a bookkeeper is the level of education, training, and expertise. A CPA accountant has completed a college degree in accounting and has passed the CPA exam, which requires additional coursework and professional experience. They are licensed by their state and are held to high ethical and professional standards. A bookkeeper, on the other hand, typically has a high school diploma or some college coursework in accounting and may have some experience in bookkeeping tasks.

  1. Expertise and Experience: CPA firms have extensive knowledge and experience in accounting, tax laws, and financial reporting. They are trained to handle complex financial transactions, and they stay up to date with the latest laws and regulations. They can provide valuable insights into your financial data that can help you make informed decisions.
  2. Quality of Work: CPA firms are held to higher standards than bookkeepers. They have a reputation to uphold, and they must maintain their license by adhering to strict ethical and professional standards. This means that they are more likely to produce high-quality work than a bookkeeper.
  3. More Comprehensive Services: CPA firms offer a wide range of financial services beyond bookkeeping, including tax planning and preparation, audit and assurance services, and financial consulting. This means that you can get all your financial needs met by one firm, rather than hiring multiple professionals.
  4. Risk Management: Hiring a CPA firm can help mitigate risk for your business. They can help you identify potential financial risks and provide solutions to minimize them. They can also help ensure that your financial statements are accurate, reducing the risk of errors or fraud.
  5. Scalability: As your business grows, your financial needs will become more complex. A CPA firm can provide the resources and expertise to handle the increased workload. They can also provide valuable guidance as you navigate new financial challenges.

CNC’s expertise can help guide small businesses to improve their cash flows, navigate challenging economic conditions, and ultimately make their businesses more profitable. CNC’s experienced team of professionals can provide valuable insights into the financial health of the business, identify areas for improvement, and develop customized strategies to address any challenges that arise. By working with CNC, small businesses can benefit from their years of experience, deep knowledge of accounting and financial management, and commitment to delivering exceptional service. Ultimately, partnering with CNC can help small businesses build resilience and thrive in any economic environment.

Yes, CNC provides expert assistance with tax preparation, ensuring compliance with CRA regulations for your small business.

With our expert assistance, you can have peace of mind knowing that your small business’s tax matters are in capable hands. We stay up-to-date with the latest tax changes and regulations, so you can focus on running your business without worrying about tax complexities.

Whether it’s corporate tax returns, T2 filings, or other tax-related requirements, CNC is here to streamline the process and help your small business thrive. Trust us to take care of your tax preparation and compliance needs, leaving you with more time to concentrate on growing your business.

Yes, at CNC, we proudly offer comprehensive business bookkeeping services to clients in Vancouver, Burnaby, New Westminster, Coquitlam, and nearby regions. Our expert team is committed to providing top-notch bookkeeping solutions tailored to meet the unique needs of businesses in these areas. Whether you are a small business owner or a growing enterprise, you can rely on our reliable bookkeeping expertise to streamline your financial management and ensure compliance with tax regulations. Trust CNC to be your dedicated partner in maintaining accurate financial records and optimizing your business’s success.