Bookkeeping Services
We assist our customers in optimizing their financial record-keeping in a digital world with the use of progressive technology including cloud software, automations, and AI. With our collaboration, our customers are reducing administrative burden and gaining timely, reliable access to quality financial information. We optimize financial processes by working with our preferred tech stack. Learn more below.
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)
T3010 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 nonprofit 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
Accounting packages (QBO, Quickbooks, Sage 50) and other apps (Hubdoc, Plooto, TSheets, Expensify)
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 can deliver training and organizational development services through grants (e.g. Compass), where we undertake accounting and data systems review and “tune-up,” complemented by staff training.
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.
