1: Initial meeting, accounting and tax analysis
Every business is different, so we’ll get to know you. We want to understand your exact situation so that we can create a 100% personalized and transparent package for you.
2: Second meeting, presentation of the package and price
We organize a second meeting where we present to you the different ways of working together. We agree on the prices and the scope of the work that we will accomplish together.
3: Creation of the accounting management system
In the third meeting, we begin the setup. We explain what you need to have in place and give you the necessary tools (technological and human infrastructure, vital habits) for easy accounting management.
4: Continuous optimizations & re-evaluations
With the accounting system in place, we continually help you manage it. Depending on your plan, we work together to manage it all.
Why choose GORA Accounting?
Much more than just an accounting company
WE SIMPLIFY YOUR ACCOUNTING
We don’t just want to compile your financial statements and deliver them to the government. We want to teach you how to manage your accounting and better use your money by showing you an overview of your accounting cycle.
A TAILORED SERVICE
Your company is unique, and so are you. Our way of working, with our streamlined process, makes sure you get the services you need, no more, no less.
VERY COMPETITIVE PRICING
Our prices are based on the workload we have to accomplish and not per hour. This assures you that we will never charge you with unforeseen events or hidden costs.
The business and tax strategy is what gives direction to your business.
We give you the best advice to optimize your business structure and save more at the end of the year.
The most underrated part of the accounting cycle is overviewing and managing your working capital, which helps you manage your money better in the short to medium term.
This is an essential habit for companies with irregular income or expenses. However, it is optional for those with regular income and expenses.
Bookkeeping is the entry of data, most specifically your sales and expenses into our online software. It is the longest and most repetitive part of the accounting cycle.
C’est pourquoi on l’automatise le plus possible. Nous sommes des experts dans les logiciels QuickBooks Online, Sage50, Avantage et Wave.
Obligations to shareholders, employees and subcontractors
REMUNERATION OF THE SHAREHOLDERS
We help you set up the right pay/dividend balance. Then we automate the cash flow into the shareholders’ accounts.
REMUNERATION OF THE EMPLOYEES
We create the payslips and attach them to your bank for the withdrawals planned for all your employees. In addition, we help you produce their T4 at the end of the year.
REMUNERATION OF THE SUBCONTRACTORS
We help you set up invoicing for your subcontractors or integrate them into the payroll service. In addition, we set up the CNESST for them, if necessary.
We help you manage the other benefits you give to shareholders and employees. For example, group insurance, group savings plans, etc.
Obligations to the gouvernements
GST/QST SALES TAX DECLARATIONS
We calculate and then submit your GST/QST reports to Revenu Québec and CRA.
We do it monthly, quarterly, or annually.
We calculate and produce the report for the source deductions on the wages paid by the company.
Then, we submit the payments directly to Revenu Québec and Revenu Canada.
FINANCIAL STATEMENT & TAX DECLARATION
We produce and sign your year-end financial statement.
Then, we send your company’s tax returns to the government with Intuit ProFile certified software.
We update your annual declaration with the Registrar of Businesses or Corporations Canada.
It is an annual update of the companies’ basic information.
Understand your accounting cycle from A to Z
The first step in becoming proactive with your accounting is to understand its full cycle. Its major components on which you must constantly take action in order to keep yourself up to date and not have any problems… Neither with your employees, subcontractors and of course, the government.
Download your free cheatsheet and its explanatory document which gives you an overview of your company’s financial cycle. You will learn inside:
- How your money circulates in your company, and what are the main lines of the accounting cycle
- What are your major obligations to shareholders, employees, contractors, and the governments
- What are the 3 vital habits to have to manage your accounting system well