ACCOUNTING & BOOKKEEPING

Our range of professional accounting and bookkeeping services are designed to be either a part of a large accounting package or simply stand-alone. These are suitable for all levels of business from sole proprietorship to corporation. 

1. Bookkeeping & Payroll
  • Accounting system setup
  • Chart of Accounts specifically designed to your business needs
  • Journal Entries and adjusting entries
  • Bank Reconciliation and other accounts reconciliation
  • Accounts Receivables & Accounts Payable
  • Inventory
  • Capital assets depreciation
  • Payroll and preparation of T4, T4A & ROE
  • Monthly remittances (ETD, WSIB, EHT, Payroll Tax)
  • Correspondence with all levels of government

2. Financial Accounting
  • Income statement
  • Balance sheet
  • Cash flow statement
  • Other financial reports as per external requirements

3. Management Accounting 
  • Budget, forecasts and cash flow projections
  • Cash flow management
  • Detailed cost & financial analysis
  • Cost accounting
  • Statutory compliance
  • Variance analysis
It is reported that Canadian business is composed mostly of small and medium enterprises; SMEs are also called the “engine” of Canada’s economy. Therefore, Sun, CPA, Professional aims for all small and medium-sized enterprises with providing a series of business activities. We are capable of providing a series of outsourcing services including accounting, financial statements, inventory management so that SMEs can concentrate on business development and operation.

Specifically, first, we can help with bank reconciliation, fill the gap, verify unidentified funds to let clients know the whereabouts of every sum of money sources and prevent possible errors. Second, we help you generate the income statements so that our customers know the performance of its business cycle compared to the budget and make an effective assessment of corporate tax/ Furthermore, we will generate financial reports, analyze the operation of enterprises so as to help businesses make the decision whether to expand or condense and other strategic decisions. Finally, we provide a comprehensive range of consulting services to ensure that all customers’ accounting problems are properly resolved as much as possible.