Bookkeeping Services
Bookkeeping Services for Businesses in Calgary & Surrounding Areas
Bookkeeping is the process of recording all financial transactions made by your business. These records can then be used for a variety of reasons. Having clear and concise records not only makes your own cashflow clear to you, but makes it clear to the CRA incase they pop-up with any intensive questions.
Furthermore, by keeping a clear record of all financial transactions, reports and analysis can be made. SJPC makes an effort not only to create these reports, but to help you understand them so you can make the right business decisions.
The main four financial statements are:
An income statement, reporting the revenue and expenses for a period.
A cash flow statement, reporting the inward and outward flux of funds through your business.
A balance sheet, reporting assets, liability, and equity.
A statement of changes in equity, reporting changes of equity, profit, and more, between periods.