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
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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
