Bookkeeping services

At Far East Accounting, we understand the importance of maintaining accurate and up-to-date financial records for your business. Our professional bookkeeping services are designed to save you time, ensure compliance, and help you make informed financial decisions. Whether you are an individual entrepreneur, a small business owner, or a growing company, we tailor our bookkeeping solutions to fit your specific needs.

Why Choose Far East Accounting?

Experienced Professionals: Our team of qualified bookkeepers and accountants has years of experience handling the financial records of businesses across various industries.
Customized Solutions: We offer personalized services based on the unique needs of your business, ensuring you only pay for what you truly need.
Cost-Efficient: Outsourcing your bookkeeping to us can save you both time and money, allowing you to focus on growing your business while we manage your financials.
Secure and Confidential: We adhere to strict privacy and confidentiality standards, using secure technology to safeguard your financial data.

Bookkeeping

Our Bookkeeping Solutions Include:

1. Daily Transaction Recording
We handle the daily recording of financial transactions, ensuring every sale, purchase, receipt, and payment is accurately logged. Our meticulous attention to detail helps you stay organized and stress-free.

2. Bank Reconciliation
Stay on top of your cash flow with regular bank reconciliations. We compare your company’s records with bank statements to ensure accuracy and identify discrepancies early.

3. Accounts Payable and Receivable Management
We manage your bills, expenses, and invoices to ensure timely payments and help you maintain healthy cash flow. Stay on track with what’s due to your vendors and what’s owed by your clients.

4. Financial Reporting
Get clear and concise reports to monitor your company’s financial health. Our reports include income statements, balance sheets, and cash flow analysis, giving you the tools to make informed business decisions.

5. Tax-Ready Financials
Preparing for tax season can be stressful. With our bookkeeping services, your financial records are organized and tax-ready, saving you time and ensuring compliance with CRA regulations.

Check out our pricing

Payroll

Our Payroll services Include:

Payroll Processing
- Calculation of employee wages, salaries, and deductions
- Processing of payroll on a bi-weekly or monthly basis
- Handling of direct deposits
Tax Management
- Calculation and withholding of federal, state, and local taxes
- Preparation and filing of payroll tax returns (e.g., quarterly and annual forms)
- Management of tax payments to relevant authorities
Employee Management
- Maintenance of employee records (e.g., personal information, pay rates, and deductions)
- Issuance of pay stubs and year-end W-2 forms
- Tracking of sick leave, vacation time, and other benefits
Compliance and Reporting
- Ensuring compliance with labor laws and regulations
- Preparing necessary reports for management and regulatory bodies
- Assisting with audits as needed
Additional Services
- Onboarding new employees into the payroll system
- Handling payroll-related inquiries from employees
- Providing support for timekeeping and attendance tracking systems