Outsourced accounting has become more popular because it reduces your accounting costs up to 60% and gives you a more professional and expert service. Your outsourced accountants are much more than your traditional accountant; they also work as your business advisor. You get a variety of reports from them, which you may not expect from your regular accountant.

Top CPA firms such as Lalia Cpa provide a full-time accountant that handles all of your accounting work, from accounting, preparing accounts, and managing payroll to filing tax returns. You may compare your current cost of accounting with an outsourced one, and find huge savings, which assist in the following tasks.

Setting up your company's chart of accounts

Identifying major transactions

Recording all finance transactions

Providing Monthly reports on receivables and payables

Preparing monthly bank reconciliations

Stock reports on a routine basis

Quarterly reporting of profit and loss

Calculating pays and maintaining payroll

Preparing annual financial statements

Preparing sales tax/GST returns and filing them electronically

Filing annual returns and all employee-related returns

Calculating annual tax return and calculating tax liability

If you are currently maintaining your in-house accounting department, you should make a cost-Benefit Analysis. This should include both financial and qualitative factors. Outsourced accounting would provide low-cost, high-quality solutions to match all of your accounting and tax needs.

Whatever the business attributes would be, Lalia Cpa's principal focus is you to keep-on growing. In terms of Accounting and Bookkeeping or business strategy, our goal is to assist you in making wise decisions that successfully meet your personal and professional motivations as well as the way you prefer to work. We are the best full-service CPA in Mississauga, Ontario, Canada, specializing in Personal Income Tax to Bookkeeping and everything in between. Ring us at 647-532-1413 today, for a free consultation.