GTA Accounting is a highly rated CPA Firm in Toronto
With over 200 5-star reviews on Google, GTA Accounting has also won awards on Clutch 2 years in a row, featured in the Toronto Star and is one of the Best Companies for 2022 on "ThreeBest Rated".
Reliable Financial Statement Services
We Are a Full-Service Accounting Firm That Handles Everything from Bookkeeping to Corporate Taxes in Addition to HST Filings, and Financial Statements. We're Always Here to Answer Your Questions.
How GTA Accounting Helps With Financial Statements
If you're using accounting software like Quickbooks or Xero, anyone can simply generate their financial statements. GTA Accounting goes into depth on all the required financial statements such as the Balance Sheet, Income Statement, Cash Flow and others.
We review transactions ensuring they are properly categorized and compile them in a way that makes it easy to understand.
Why Should an Accountant Prepare Financial Statements?
As previously mentioned, it can be quite easy to auto-generate financial statements from your accounting software. Where an Accounting Firm and a CPA come in, is to analyze and create all the adjusting entries required to bring the financial statements into perfect alignment.
In addition, the Accountant will create all the closing entries needed in order to close off the accounting period making your books ready for a new fiscal year. The CPA can then provide an in-depth analysis of your financial statements and offer insights and direction for your business.
Are Financial Statements Required by CRA?
If your business structure is that of a corporation, submitting financial statements are a required part of submitting your income tax. When you have a virtual accountant prepare your corporate income tax, they will complete the required financial statements along with the other required corporate documentation that CRA needs to have alongside your tax submissions.
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Why Choose GTA Accounting for Financial Statments?
GTA Accounting is a virtual accounting firm serving individuals and companies of all sizes across Canada. Our dedication and the customer service we provide to our clients are what sets us apart. If you call to ask a question, there's no fear of receiving an additional invoice in the mail. We are always transparent in our fees so you know exactly what you're paying for. Our focus is on providing high-value to our clients helping them to grow and succeed in their business.
What Are the Benefits of Virtual Accounting Services?
Much like self-employed bookkeepers, virtual accountants provide their service to businesses at a fraction of the cost associated with hiring an in-house accountant. By outsourcing bookkeeping and accounting needs, businesses can save money without sacrificing quality or service level.
Working with a virtual accounting firm doesn't mean your business will miss out on personalized attention. Virtual accountants offer expert advice to ensure that all decisions made about financial management are what's best for your company.
When relying on an in-house accountant, businesses can often find themselves bogged down with requests for information and updates. This can lead to a slowdown in other areas of the business. With virtual accounting services, businesses have access to an accountant who is already familiar with their operations and can provide updates as needed without disrupting day-to-day operations.
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