6013 Yonge St., Suite #209A, Toronto, ON M2M 3W2 :: Tel: 647 351 4733  
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S&R Accounting Services S&R Accounting

General Ledger
Account Payable
Account Receivable
Bank Reconciliation
Financial Statement Preparation
SR&ED Tax Credit

Bookkeeping and Accounting Services

In today's credit environment to monitor the success or failure of any business, accurate bookkeeping accounting and maintaining all records and financial information is required. S & R Accounting Department assist to keep track of business finances, including transactions on a daily basis.

S & R Accounting Department provide accurate, quick and reliable bookkeeping and financial accounting services to all size of business. Our bookkeeping and accounting services help you to produce more work, engage more customers, and raise your business. If you outsource bookkeeping and accounting services from S & R Accounting Department, we assist you to increase a competitive benefits over your competitors.

Our Bookkeeping and Financial Accounting Benefits Include:

• Reduction in operating costs
• High data accurateness
• High privacy and security
• Improves customer service
• Provides most professional and helpful Bookkeeping and Accounting solutions
• Flexibility to outsource some or all of your Bookkeeping and Accounting functions


Payroll Processing Services

Payroll processing is a challenging task because of volume, complexity and legislation. S & R Accounting Department offers lower costs, better efficiency and reliable payroll processing and tax preparation services. Our payroll processing services increase efficiencies, and lower costs, permitting customers to invest more of their time and budgets in the value added components of their back office. S & R Accounting Department provides payroll processing, employee payroll services, tax preparation, tax deduction, system program with high quality.

Our Payroll Processing Services:
• Preparation of employee earning statements with current pay period and year-to-date wages, adjustments and taxes service
• Preparation of department summaries of month-to-date payroll data service
• Preparation of timely and accurate notifications of tax liabilities and deposits
• Preparation of and process payroll accruals
• Data entry — timesheets and calculations of bonuses, overtime and commissions
• Pension and employment insurance deductions and net pay calculations
• Preparation of Year-end returns service
• Preparation of Statutory sick pay and statutory maternity pay
• Making calculations and paying your local, state and federal taxes

Advantages of our Payroll Processing:
• Cost Efficiencies
• Reduced Risk
• Confidentiality and Security
• Qualified and Enthusiastic Payroll Practitioners
• Ongoing Compliance with Regulatory Requirements


Accounting General Ledger Services

General ledger means a company accounting records. This official ledger includes all the financial accounts and financial statements of a business. The accounting general ledger is a set of the group of accounts that supports the importance items shown in the major financial statements. With a team of highly experienced professionals and unique set of processes, we provide general ledger accounting services, general ledger reconciliation and ledger maintenance services. General ledger success to date stems from bookkeeping services commitment to quality.

Delegating your bookkeeping function such as accounting general ledger to us results in an accurate, organized, consistent and cost effective solution to the ongoing bookkeeping requirements of you business.

We create proper adjustments on journals and unadjusted trial balance to prepare accurate general ledger accounting services.

Ongoing Accounting General Ledger Services

You can outsource all general ledger accounting maintenance requirements to us.

Business transactions are to be appropriately classified into appropriate accounting heads in accordance with the prescribed general ledger accounting reconciliation standards and the applicable legal provisions. Whether you desire to outsource your accounting and bookkeeping department to S & R Accounting Department or need assistance in a specific area like accounting general ledger, our professionals can help you in various tasks associated with your bookkeeping needs.


Accounts Payable Procedures

In most organizations accounts payable procedures are frequently not managed to implement best practices. Accounts payable ledger ensures that official invoices are paid accurately.

S & R Accounting Department provides outsourcing accounts payable services. We also provide outsourcing accounts payable procedures services such as payment scheduling.

What is Accounts Payable Ledger?
There are accounts detailed records, which are regularly updates in the form of book with pages committed to every supplier that shows how much is payable to each supplier. Accounting Payable Ledger provides each transaction with listed supplier. The balance in this ledger will meet with the general ledger accounting balance.


Accounts Receivable Financing Management

A well organized accounts receivable financing management function is significant to the cash flow of any business. To have an effective accounts receivable financing function it requires an investment of time, talent, reliance and business resources.

S & R Accounting Department has committed resources and infrastructure to administer accounts receivable financing management activities at a lower cost. Incorrect financial statements can and often do mean cash flow peaks and troughs as suppliers withhold payment.

S & R Accounting Department checks, post payments, transfer funds, and even provide digital images quickly and accurately by utilizing unique processes and procedures combined with the latest accounts receivable financing management technology solutions.

By frequently maintenance the highest standards of business ethics and commitment to S & R Accounting Department has successfully positioned at the peak of the industry. In today's credit environment outsourcing accounts receivable financing management has become an important business tool.

Whether you desire to outsource your accounting department to S & R Accounting Department or require assistance in a specific area like accounts receivable financing management, we have highly experienced professionals and unique procedures to help you in the day-to-day tasks associated with your accounting requirements.

Converting receivables to cash is a challenging task. S & R Accounting Department solutions increase efficiencies, and lower costs, permitting clients to invest more of their time and budgets in the value added components of their back office.

Manufacturing, transportation, automotive, pharmaceutical, media and entertainment or no matter your industry, S & R Accounting Department assist any business in its repetitive back-office processes that involve data entry, routing, and rules based processing.


Bank Reconciliation Statement Solutions

Bank reconciliation statement helps businesses to reduce the amount of unutilized cash in suspense accounts. S & R Accounting Department staffs work closely with you to adjust the bank reconciliation statement in your bank statement and also prepare financial statement.

Our S & R Accounting Department has first class technologies, unique processes and highly experienced professionals to provide you the bank reconciliation solutions and also prepare your bank statement.

If you want to outsource your entire bookkeeping and accounting requirement or need any help in a specific area like bank reconciliation, accounting bank reconciliation and preparation of bank reconciliation statement you are at right place.

We have professional and right mix of peoples and also have unique procedures to help you in all your day-to-day tasks and difficulty related to bookkeeping and accounting works.

Our bank reconciliation statement preparation services enable you to know which checks have cleared, which transactions are outstanding, which bank accounts contain what amounts, and exactly where your money is. We find mistakes and record differences between your books and the bank.

Our bank reconciliation statement services is most helpful for organizations that regularly issue great number of checks, make deposits, receive many receipts and find the reconciliation of disbursements to be time consuming.


Financial Statement Analysis & Financial Statement Preparation Services

Financial statement preparation and financial statement analysis is critical to any business; income tax act and the companies act place certain requirements on businesses resources to provide annual online personal financial statements and financial ratio analysis.

By utilizing a large range of applications we provide you financial statement services for preparation and analysis of all your personal financial statements. That assists you to record and track past events, and help you preparation for the future. Professional staffs at S & R Accounting are experts in using applications of bookkeeping software such as QuickBooks, AccPac, SAP, Movex, and MYOB. They are highly adaptable to the customer specified software and processes.

Our Financial Statement Analysis & Financial Statement Preparation Services Include:
• Balance Sheets
• Statements of Equity
• Financial Ratio Analysis
• Profit and Loss Statements
• Financial Statement Analysis
• Statements of Cash Inflow
• Statements of Cash Outflow

For Preparation of yearly, quarterly, and monthly balance sheets or calculation of fixed asset, depreciation and financial statement analysis, and preparation of your personal financial statements or small business financial statements requirements, we have qualified professionals to make sure that your financial statements are prepared as per the regulations, and government policies.


What is the SR&ED Program?

The Scientific Research and Experimental Development (SR&ED) program is a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada that will lead to new, improved, or technologically advanced products or processes. The SR&ED program is the largest single source of federal government support for industrial research and development.

Claimants can apply for SR&ED investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead, and SR&ED contracts.

Who qualifies?
Generally, a Canadian-controlled private corporation (CCPC) can earn an investment tax credit (ITC) of 35% up to the first $3 million of qualified expenditures for SR&ED carried out in Canada, and 20% on any excess amount. Other Canadian corporations, proprietorships, partnerships, and trusts can earn an ITC of 20% of qualified expenditures for SR&ED carried out in Canada.

Generally, a CCPC with a taxable income in the immediately preceding year that does not exceed the qualifying income limit may receive a portion of the ITC earned as a refund, after applying these tax credits against taxes payable.

The ITC earned by a Canadian corporation that is not a CCPC is non-refundable, but may be used to reduce any taxes payable. The ITC earned by a proprietorship or certain trusts may be partially refunded after applying these tax credits against taxes payable.

What kind of projects qualify?
To qualify for the SR&ED program, work must advance the understanding of scientific relations or technologies, address scientific or technological uncertainty, and incorporate a systematic investigation by qualified personnel.

Work that qualifies for SR&ED tax credits includes:

• Experimental development to achieve technological advancement to create new materials,   devices, products, or processes, or improve existing ones;
• Applied research to advance scientific knowledge with a specific practical application in view;
• basic research to advance scientific knowledge without a specific practical application in view;   and
• Support work in engineering, design, operations research, mathematical analysis, computer   programming, data collection, testing, or psychological research, but only if the work is   commensurate with, and directly supports, the eligible experimental development, or applied or   basic research.


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