Outsourcing and Bookkeeping Services – Canada

Company Profile

We have deep expertise in providing accounting outsourcing services for the Canadian firms. We provide accounting, bookkeeping, payroll, financial analysis and tax preparation services. Most of our clients in Canada include CA firms and small medium businesses across diverse sectors like retail and wholesale, real estate, health care, construction, manufacturing and IT firms.

Our representative list of outsourcing accounting services for Canadian firms is outlined below:

Please email  sales@outsourcinghubindia.com or call  1- 646-367-8976 for a no obligation customized cost benefit analysis of outsourcing opportunities in your organization.

Our Services

Monthly Bookkeeping Services
  • Processing of customer invoices, receipts , sales orders and accounts receivable processing
  • Entry of purchases/expenses and accounts payable processing
  • Check and customer payments processing
  • Bank, credit card and merchant account reconciliation
  • General ledger maintenance
  • Fast Close – quick monthly closing of books
  • Generation of financial statements
  • GST and HST reconciliation

Financial Services
  • Profit and loss account
  • Balance sheet
  • Month end and year end adjustment entries
  • Job cost statement
  • Cash flow statement
  • Financial analysis

Payroll Processing
  • Processing of weekly/bimonthly/monthly payroll from time sheet
  • Year-end T4s and T4 summaries
  • Administration of employee benefits

Budgeting
  • Budget set-up and maintenance
  • Capital budgeting
  • Revenue budgeting
  • Cost budgeting
  • Budget variance reporting

Tax Preparation Services (Only for CA Firms)
  • Individual Tax Preparation – Form T1 General
  • Business Tax Preparation – Form T2,T4, T4A, T5, T5018
  • GST/HST Filings

Client List

To view Our Client List, Click Here

Testimonials

To view Our Client’s Testimonials, Click Here

Software Expertise

SOFTWARE
EXPERTISE LEVEL
QuickBooks (QB) (Canada Version)
High
MYOB
High
Great Plains (Microsoft accounting software)
Medium
Simply Accounting
High
NetSuite
High
Sage 50
High
Quicken
High
Wave
High
ERP and Oracle packages
Medium to High
Cantax
Medium
Taxprep
Medium

Cost Saving Comparison

All figures in CAD

Bookkeeper/Jr. Accountant
Canadian Employee
India Cost
Annual Salary
32360
17400
Payroll Taxes (8%)
2871
Overhead Costs (10%)
3523
Total Cost
38754
17400
Staff Accountant/Sr. Accountant
Canadian Employee
India Cost
Annual Salary
45637
23400
Payroll Taxes (8%)
4048
Overhead Costs (10%)
4969
Total Cost
54654
23400
Financial Analyst
Canadian Employee
India Cost
Annual Salary
50853
30000
Payroll Taxes (8%)
4511
Overhead Costs (10%)
5536
Total Cost
60900
30000

Note

  • Employee benefit costs in Canada not included in the comparison
  • Overhead cost includes cost of leasing computer hardware and maintenance related , software like accounting package licenses, training, floor space, and electricity among others
  • Offshore cost are only estimates; includes wages, infrastructure, training and technology cost
  • Canada Salary figures are average figures for Vancouver, British Columbia

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