As a business owner, you will deal with Accounts Payable and Accounts Receivable. These are amounts you owe as a buyer (Accounts Payable) or are owed to you as a seller (Accounts Receivable). In either case, these are double-sided transactions. Both parties are obligated and legally bound to either collect or pay the promised amount. Moreover, the amounts can be put on a deadline for a specified period of time.
Whether you’re the buyer or the seller, these amounts are significant to you as a company. These are liabilities and assets that can have an impact on your business. At The Profit Line, our job is to make sure our clients know what’s going on financially. Work with us and we’ll get your debits and credits under control.
With years of experience working with small businesses, we know how to keep your accounts receivable and accounts payable in order. We enter any and all new transactions into our system to ensure your records are accurate and up to date in real time. You get complete access to your data with downloadable reports you can save and share with third parties. In addition, our experienced bookkeepers can track multiple entries with advanced, yet affordable tools. This means we can monitor both incoming and outgoing payments on an on-going basis, so all you have to do is focus on running your business.
- Bookkeeping Services
- Accounting Services
- Tax Services
- Financial Statement Preparation
- Bank & Credit Card Reconciliation
- Invoicing Services
- Payroll Services in Toronto and New York
- Job Costing Calculations
- Profitability by Client & Revenue
- Government Remittances
- Budget to Actual Reports