Accounting Services in Toronto
✓ Does your current bookkeeper/accountant provide you with accurate Financial Statements?
✓ Are you curious about understanding your Financial Statements, but your current accountant doesn’t have the time to explain them to you?
✓ Are you discouraged by the high prices many CPA firms charge for Accounting Services?
YOU, as a business owner, deserve to have up-to-date information on the financial health of your business. RGB Accounting will engage you in a partnership to keep you informed, relieve your financial stress and give you Peace-of-Mind – with our expertise in accounting services and financial statement preparation.
RGB Accounting makes it easier for small businesses and medium-sized organizations to understand exactly what the numbers really mean, according to the nature of their needs, and giving the know-how and confidence to make difficult strategies and tactical decisions. We are here to help you and your business to grow!
Our Accounting services include:
- Financial statements preparation for managers, owners, banks, or other users/interested parties.
- Financial statements analysis
- Projected financial statements
- Financial ratio analysis (liquidity, leverage, growth, margins, profitability, rates of return, valuation, and more)
- Compilation engagement/notice to reader
- Due diligence report
- Control and assurance reviews (audit support)
- Financial forecasts and budgets
- Period-end adjustments
- Accounts reconciliation
Our Accounting services can be part of a customized package that covers most of the needs at very affordable prices. Hence, our services are customized to provide the best value for money. Contact us for more information. We offer the following plans:
Our pre-set or customized packages are price competitive and deliver premium quality service. Fees depend upon the volume and transactions. A majority of our clients prefer to invest in pre-set packages, available for a fixed monthly price at a discounted price.
Small Business Accounting Packages
We offer the most comprehensive Small Business Accounting packages that cover most of the needs
You get the best CPA quality accounting work at very affordable prices!
Financial statements preparation for managers, owners, banks, or other users/interested parties
Financial statements analysis
Projected financial statements
Financial ratio analysis (liquidity, leverage, growth, margins, profitability, rates of return, valuation, and more)
Compilation engagement/ notice to reader
Due diligence report
Control and assurance reviews (audit support)
Financial forecasts and budgets
Frequently Asked Questions
Why should I hire an accountant?
Processes like preparing financial statements and analyzing them become less daunting with an expert on your side.
How can I obtain meaningful insight into future cash flows?
You can obtain meaningful insights through projected financial statements. They allow seeing how variable assumptions in one period will affect future cash flows and making adjustments as necessary.
Why do shareholders need financial statements?
Financial statements provide a snapshot of a company’s financial health, giving insight into its performance, operations, and cash flow. Financial statements are essential since they show information on a company’s revenue, expenses, profitability, and debt.
Why is this needed when conducting a financial ratio analysis?
Ratio analysis is critical for helping you understand financial statements, identifying trends over time, and measuring your business’s overall financial state. Besides, lenders and potential investors often rely on ratio analysis when making lending and investing decisions.
What is a compilation engagement (notice to reader)?
Included with the financial statements prepared is a report called a notice to the reader stating that the financial statements are unaudited and that the CPA does not assure that the amounts are free from material misstatements.
When to write a due diligence report?
Typically, due diligence reports are necessary before enacting a business transaction. They are critical in business valuation, real estate development, or sales or acquisition. Due diligence is required when making capital expenditures or high-level investments.
What is an assurance review?
An assurance review is a specifically tailored report made to meet the needs and requirements of a company. This line of thought from an independent expert provides a strong signal that the company reports are trustworthy.
What is the difference between budgeting and financial forecasting?
Budgeting quantifies the expectation of revenues that a business wants to achieve for a future period. In contrast, financial forecasting estimates the amount of gain or income expected to accomplish in the coming period.
What is the end-of-period-adjustments in accounting?
End-of-period-adjustments are accounting journal entries made to the accounts of a business before preparing and distributing the financial statements for a given accounting period.
Why is reconciliation necessary in accounting?
Reconciliation is an accounting process that ensures that the actual amount of money spent matches the amount shown, leaving an account at the end of a fiscal period. Individuals and businesses perform reconciliation at regular intervals to check for errors or fraudulent activity.
Latest Accounting News
Shareholder Owners Salaries vs Dividends. Which Method is Better for You? When is it better to pay yourself a salary vs. dividends as the owner/manager of a corporation? Each method has pros and cons, and as a business owner, you should be aware of your options...
What Do I Need to Open a Business Bank Account? Business bank accounts help your business appear more professional to the CRA and your customers. Here's a closer look at why you may want a business bank account and how to choose the best one. Each stage of building a...
The Importance of Financial Reporting Beyond the record creation process, accountants use the information gathered for analysis and interpretation. Accountants are usually concerned with understanding the meaning of the amounts they obtain, and they look for the...