Bookkeeping Services

Full Service Bookkeeping

We actively manage your company’s financial records and prepare financial statements.

We process:

• Receivables and bank deposits
• Payables and cheques
• Payroll and benefits

We handle government reporting:

• Payroll remittances
• Year-end payroll reporting (T4s, T4As)
• Sales taxes (GST, PST, HST)
• T3010B Charities Returns
• T2 Short Corporate Returns for not-for-profits
• Bingo and Nevada licensing

At month-ends, we reconcile bank, loan, investment, payroll and other balance sheet accounts, and review our work before issuing financial statements to you.

At year-end, we prepare documentation for audit or for your income tax preparer, and work with your accountant as needed to close the year.

We can also help you with management reporting by updating the year-to-date actuals in your budget and cash flow spreadsheets.

Accounting and Financial Management Support

We can provide ongoing support for you and your staff, on a monthly or “as-needed” basis.

Where your staff are managing the day to day bookkeeping, a senior associate can help keep things on track by handling tasks such as:

• Reconciling the bank account and other balance sheet accounts
• Reconciling and reporting payroll
• Filing government returns
• Reviewing financial statements

We can also work with you on planning:

• Developing operating and project budgets
• Cash flow planning

Training

Young Associates employs insight, empathy and over two decades of intensive not-for-profit experience to take the fear out of numbers.

We are experts at helping math-shy non-accountants to develop proficiency at:

• Basic bookkeeping
• Accounting systems
• Financial reporting
• Excel
• Sage 50 (formerly Simply Accounting)
• QuickBooks

We provide core skills training (e.g. how to read financial statements, Excel functions, HST in the charitable sector) as well as integrative instruction on how to apply skills in a management setting (e.g. developing financial reports for your organization).

Young Associates delivers training and organizational development services through Compass and Flying Squad grants, where we undertake accounting and data systems review and “tune-up,” complemented by staff training.

Bookkeeping training clients include:

• Praxis Theatre
• Rasik Arts
• White Water Gallery
• Wavelength Music Arts Projects
• Modern Times Stage Company

We provide one-on-one coaching and mentoring as well as group instruction. Training can be delivered on-site at your office or in our seminar room.

We are currently accepting new clients. Interested in learning more? Submit a message below.