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Basic Scope Plan

$150.00/Monthly + Tax 

Includes:

Monthly bookkeeping

Client will provide the following within 10 days of month end:

  • All receipts via the app Receipt Bank
  • All bank and credit card statements upload to the app Receipt Bank
  • All payment platform (ie Paypal) transactions via email
  • All sent and received deposit, e-transfer or any other payment remittances via the app Receipt Bank

Client will respond within 48 hours to outstanding bookkeeping items with additional support if required. Any late items will result in extra billings at 20% of the monthly recurring fee, payable immediately.

Client will prepare and deliver all customer quotes, invoices. Any AR collection follow up will be conducted by the Client, unless stated otherwise.

Gyroscope will complete the following:

  • All bookkeeping up to 30 transactions within 25 days of month end. Additional unexpected transactions will billed at $4.00/transaction.
  • Bank account reconciliations within 30 days of month end.
  • Reconcile all accounts receivable accounts and payable accounts as they are included in the 30 transactions per month.

Monthly Management Reports

  • Gyroscope will provide a monthly management report within 35 days of month end.
  • Management will include comparison with prior period, year to date totals compared to prior year period.
  • Ratios will be calculated and presented for a quick snap shot of liquidity, leverage and debt servicing ratio.
  • Any signification deviation within an account will trigger a comment to the corporations management.

Financial Assessment

  • Gyroscope will facilitate two 1.5 hour financial review discussion with the client to review the mid year and complete year as well as review potential cost saving strategies and over financial strategy with the client.

Annual T2 Corporate tax return

  • Gyroscope will prepare the taxes payable amount within 60 days of the fiscal year end, to allow for client to make payment with three months of year end.
  • Gyroscope will prepare and Efile the T2 return within 150 days of the fiscal year end after receiving approval from the client.
  • Gyroscope will prepare all T5s required for shareholders of the corporation.

Annual Notice to Reader

  • Gyroscope will prepare and present the Notice to Reader to the client at the time the T2 corporate tax return is filed.
  • A compilation engagement will conducted. Please note that there is no audit or audit procedures performed during a compilation engagement.

Annual GST/HST and PST filings

  • Gyroscope will prepare GST/HST and applicable provincial sales tax returns on an quarterly basis. If the GST/HST or PST is required to be filed more frequently than quarterly, an additional monthly charge will be added.

Unlimited accounting support

  • Gyroscope will provide unlimited accounting support replying to all emails. Gyroscope, when requested, will meet via skype to discuss more complicated accounting or booking issues and to provide training.

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