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Our Services

Too many hats? It’s often overlooked; however, we recognize how many hats owners wear at any stage of their business and how difficult it can be to create a balance. That’s why our goal is to provide our clients with all the day-to-day accounting services they would have if they had their own “in-house” accounting department, to help establish a balance where necessary.

A custom accounting package is developed based on the agreed-upon scope of work. Our clients can contact us at any time without having to worry about being billed for each phone call or question.

We provide added value – for an affordable price – so you can focus on expanding your business.

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Services We Offer

Payroll Services

Simplify your work environment by outsourcing the bookkeeping and payroll function. We can help you take the guesswork out of processing weekly, or biweekly payroll, allocating hours to ongoing projects, issuing records of employment, T4 preparation, and reporting to Canada Revenue Agency on your behalf.
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Business Consulting

Interested in starting up your own business and not sure how to go about it? Are you interested in obtaining financing but not sure what options are available to you? From the initial start-up to a complimentary consultation regarding financial assistance options, our team at Clarified Accounting will coach you and solve any problems you may face during this crucial step in your future enterprise.
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Cloud Software

We utilize leading-edge cloud accounting software with many different integrations to provide an optimal solution for every client.
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Financial Reporting

Are you unsure of your company’s financial performance? Are you seeking financial assistance to further grow your business? Timely and accurate financial statements are crucial to allow you to make informed decisions to further manage your business’s success.
Read more

Year-end Services

We are a one-stop-shop for all your accounting needs! We offer the ultimate full-cycle accounting experience. From monthly bookkeeping to corporate tax filings and financial statements, we have you covered.
Read more

GST/HST Returns and Remittances

Not sure what you can claim and what you cannot? We will track and prepare the necessary remittance or claim refunds as required. Know what you owe before you owe it!
Read more

Bank and Credit Card Reconciliation

Reconciling your bank account and ensuring transactions from your bank statement match what has been recorded in your books is very important. We will ensure all the tedious work of general bookkeeping is completed so you can receive your Financial Statements on time.
Read more

Accounts Receivable Management

From keying daily sales to customizing customer invoices and preparing statements, let us focus on improving your cash flow and reducing outstanding receivable balances.
Read more

Accounts Payable Management

No matter the size of your business, bills will always be there. Let us implement the best business practices and manage your payables including preparation of payments so you can focus on growth.
Read more

Corporate Tax Installments and Review

Being compliant can be overwhelming to any new or existing business. The tax laws that will affect your business can be complex and difficult to understand. You can count on our expertise and experience to guide you through this process.
Read more

Payroll Services

Simplify your work environment by outsourcing the bookkeeping and payroll function. We can help you take the guesswork out of processing weekly, or biweekly payroll, allocating hours to ongoing projects, issuing records of employment, T4 preparation, and reporting to Canada Revenue Agency on your behalf.

Whether you have hundreds of employees or just one, payroll is an important component of your business. Mismanagement of payroll could result in unhappy employees, understated taxes to the government, and simply cost you more money.

Allowing us to handle your payroll management is beneficial to you in several important ways:

  • We’re efficient. Letting us handle your payroll means your employees are free to focus on other important tasks that will grow your business!
  • We’re accurate. We have the capability to focus on your payroll management which results in greater accuracy and fewer mistakes.
  • We’re economical. You won’t have to worry about costly mistakes that can waste your money in fees and penalties.
  • We’re trustworthy. We keep up with all the regulations and rules, so you don’t have to. You can have peace of mind that we will keep your company up to date. Your job is to focus on growing your business while we handle the rest!

Business Consulting

Interested in starting up your own business and not sure how to go about it? Are you interested in obtaining financing but not sure what options are available to you? From the initial start-up to a complimentary consultation regarding financial assistance options, our team at Clarified Accounting will coach you and solve any problems you may face during this crucial step in your future enterprise.

If you’re considering starting a new business, you probably already know that there’s ALOT to think about. It can be quite confusing, frustrating, and overwhelming.

Fortunately, we’re here to help you figure out all the ins and outs involved in your new venture.

One of the factors you need to consider is the bookkeeping process for a small business. Are you prepared to do it in-house? Have you thought about the bookkeeping costs for a small business?

Chances are, you’ll be better off outsourcing as much of the accounting as you can. There’s enough that you’ll have to worry about as you try to grow your business.

Why not leave the more complicated jobs to a team of experienced professionals?

We have the skill and knowledge to tackle difficult jobs like your business’ tax accounting, accounts receivable, accounts payable, payroll management, and more!

Cloud Software

We utilize leading-edge cloud accounting software with many different integrations to provide an optimal solution for every client.

Financial Reporting

Are you unsure of your company’s financial performance? Are you seeking financial assistance to further grow your business? Timely and accurate financial statements are crucial to allow you to make informed decisions to further manage your business’s success.

We can guide you through the often-complicated maze that is the analysis of your financial statement. The necessary regulations governing your financial reporting can be difficult to decipher without help and that’s where we come in.

You want your financial statement to represent the caliber of your company. We understand the reporting requirements that are continuously changing, and we’ll prepare you with the information you need to present your financial statement analyses to your shareholders and others to whom you’re responsible.

Look at the benefits you’ll enjoy when you choose to let us help:

  • Save time and money. When we’re doing the data analysis and preparing the financial reports, your employees are freed up to work on other productive tasks. You’ll also save money on accounting software that you won’t need to purchase.
  • Improved efficiency. Taking a big task out of the mix can help things run more smoothly. Let us handle the financial statement analysis so you and your employees can continue doing what you do best — growing the company!
  • Accurate accounting. You won’t need to worry that the numbers are off. Our team of experts prides itself on thoroughness and accuracy. Trust us to take care of the numbers and rest assured the job will be done well.

Your financial statements are proof of the health of your company. Let us use our knowledge and skill to help you analyze your numbers and turn them into a comprehensive report.

Year-end Services

We are a one-stop-shop for all your accounting needs!  We offer the ultimate full-cycle accounting experience. From monthly bookkeeping to corporate tax filings and financial statements, we have you covered.

Already have an existing accountant? No problem. We will provide them with the necessary information to complete your year-end requirements and/or tax returns. No more scrambling to try and find records and receipts!

GST/HST Returns and Remittances

Not sure what you can claim and what you cannot? We will track and prepare the necessary remittance or claim refunds as required. Know what you owe before you owe it!

Bank and Credit Card Reconciliation

Reconciling your bank account and ensuring transactions from your bank statement match what has been recorded in your books is very important. We will ensure all the tedious work of general bookkeeping is completed so you can receive your Financial Statements on time.

Failing to reconcile bank accounts and credit card statements, while often lengthy and a complicated process, can spell big trouble for your business. The possibility of overdrawing your account or even underestimating your cash can end up costing you money.

Ensuring your numbers work out is vitally necessary for tracking your existing finances and obtaining an overall picture of where your business stands monetarily.

The risk of mistake is greater if your company is smaller or even a medium-sized business.

Why?

You’re probably doing a large amount of multitasking! If you have a lot on your plate, something may slip through the cracks.

You don’t want that something to be an accurate accounting of your company’s finances!

Outsourcing account reconciliation services will allow you to save time, energy, and resources.

We’re here to take care of your bank account reconciliation and credit card reconciliation services so that you can focus your efforts on other productive tasks that will aid in growing your business.

Our experienced team of professionals will work to ensure your accounts are error-free and that your balances are reconciled. Let us do what we do best so that you and your employees can focus on what you do best!

Accounts Receivable Management

From keying daily sales to customizing customer invoices and preparing statements, let us focus on improving your cash flow and reducing outstanding receivable balances.

Effective communication with customers is key.

With our help designing the billing process, you’ll see a reduction in accounts receivable, an improvement in expressing payment expectations to customers upfront, and better communication with customers after a sale is made to reduce outstanding balances.

How can we assist you in accomplishing these goals for your business?

  • Accepting a wider variety of payment options will lessen the receivable. For example, accept payment over the phone or allow customers to pay for goods and services directly on your website.
  • Contracts written in simple language and displaying payment procedures in a large range of mediums is the best way to communicate expectations in a straightforward way. Displaying payment methods in a clearly visible location, providing the information in brochures, and making them obvious on your website are a few examples.
  • Immediate billing and appropriate follow-up will greatly reduce the number of unpaid balances. Follow-up phone calls are a sign of good customer service and give you a chance to remind clients of their outstanding balances and possibly collect payment over the phone.

Let’s collaborate and develop a procedure for managing receivables that works for you!

Accounts Payable Management

No matter the size of your business, bills will always be there. Let us implement the best business practices and manage your payables including preparation of payments so you can focus on growth.

The accounts payable process is of great importance to the health of your company. It involves nearly all the money that is going out, other than payroll expenses.

When your company’s accounts payable process is up-to-date and effectively run, the management and other users of the financial statements will receive accurate feedback about how the company is performing and its financial position.

An accounts payable process that isn’t running up to the highest standards can result in missing out on a discount for early payment of bills. If invoices aren’t paid when they’re due, the relationships with suppliers could become difficult.

With our professional accounting support, you can avoid paying inaccurate invoices, paying invoices twice, paying fraudulent invoices, missing payments, and ensuring all invoices are accounted for.

We will tailor a professional accounting service program for our clientele that best meets the needs of each individual client.

We know that open communication is the bedrock of a successful working relationship. We pride ourselves on being accessible to our clients.

When you’re successful, we’re successful!

Corporate Tax Installments and Review

Being compliant can be overwhelming to any new or existing business. The tax laws that will affect your business can be complex and difficult to understand. You can count on our expertise and experience to guide you through this process.

Allowing us to take a corporate tax management advisory role will take some of the burdens off you and your employees, which will free up valuable time for other productive tasks that can further your business.

What are some other benefits of letting us handle your corporate tax services for your St. John’s business?

  • Positive impact on risk management. We know what we’re doing! There’s no need to worry that you won’t be compliant when we’re managing things for you.
  • Improved bottom line. When we’re taking on the complicated task of your corporate tax management, your staff is able to put all their effort into other worthwhile pursuits that benefit the company. After all, time is money!
  • Expertise you can trust. Our experienced team knows how to navigate the often-murky waters of corporate tax installments and review. You can trust that you’re in good hands!

Outsourcing the jobs that would pull your employees away from other productive work just makes sense.

You can concentrate on growing your business while we take care of the complexities of corporate tax management for you!