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Numbers should reveal the economic truth

We Help Clients make informed decisions

Numbers should reveal the economic truth
We Help Clients make informed decisions
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Running a business requires dedication, hard work, perseverance and expertise in your chosen industry. To run a well-oiled operation, you also need access to your financial data and reports to ensure your cash flow is healthy, your numbers align with the future business plan and gauge the current performance.

You are focused on running and growing your business, and we are focused on helping business owners and professionals like you keep their accounting and bookkeeping in order.

We help our clients stay compliant, keep their records in order, take care of day-to-day accounting, process payroll, assist with remittances and prepare internal and external financial reports and statements.

We Help Clients make informed decisions

We have been helping Small to Med-sized businesses with bookkeeping for over 15 years. Book a Consultation to discuss your bookkeeping needs.
Book a Consultation
Running a business requires dedication, hard work, perseverance and expertise in your chosen industry. To run a well-oiled operation, you also need access to your financial data and reports to ensure your cash flow is healthy, your numbers align with the future business plan and gauge the current performance.

You are focused on running and growing your business, and we are focused on helping business owners and professionals like you keep their accounting and bookkeeping in order.

We help our clients stay compliant, keep their records in order, take care of day-to-day accounting, process payroll, assist with remittances and prepare internal and external financial reports and statements.

We are trusted by 100s of professionals and business owners who require excellence and efficiency from their bookkeeping and accounting partners.

We have expanded our bookkeeping department and can accept a few more clients. Connect with us for a Free Consultation to discuss your business bookkeeping needs.
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Bookkeeping

Small Business Bookkeeping and Accounting Services

As a small business owner, you are burdened with 100s of tasks requiring your undivided attention. Although Bookkeeping and accounting needs to be prioritized but often take a backseat.

Bookkeeping has the least pay-off for you in terms of time spent and carries plenty of risks if errors are made in the financial records.

You are not alone. We have seen 100s of small business owners feeling overwhelmed and stressed. We have added additional team members to our bookkeeping and accounting department to support and assist more small business owners with their bookkeeping.
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As your bookkeeping and accounting partner, we take on these tasks to help your small business.

Bookkeeping and Accounting Software set-up

Regular Management of Accounts

Maintaining up-to-date records

Accounts payable and receivable

Cashflow management

GST/ HST Remittances

Payroll Run

Payroll Tax Remittances

WSIB Remittances

Technology in Bookkeeping:

Recording financial transactions and records is essential for both taxation and internal decision-making. With the rise of new technologies and an increase in digital transactions, it is crucial to leverage technology platforms to streamline the process.

The technology platforms available in the market make it easier for you as a business owner to communicate the information to your dedicated bookkeeper. This lifts the burden and worry of organizing the files and dropping them off at your accountant’s office every month.

Send Your Document
You simply take a photo or scan the documents, and send them over.
Received
Once received, your bookkeeper will take care of the rest.
Reviewed
Once the documents are received, we review, categorize and post them into the bookkeeping system. After the records are entered and reconciled, they are reviewed again by the supervisors for accuracy and compliance.

Whether you are just starting out or running a small business, we have the expertise, resources and affordable packages to support you!

Book a call to learn more about our bookkeeping services for Small businesses.
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Mid-sized Business Bookkeeping and Accounting

An increase in revenue comes with more challenges and responsibilities. As a CFO of a midsized company, you play a dynamic role often handling accounting, HR and some legal aspects of the company. The duties vary from organization to organization, but the bottom line is “You got your hands full and need experts to support your accounting department”.

Our clients rely on us because we have the expertise to handle their day-to-day bookkeeping, payroll and accounting. The team at Lynn Liu works with the internal stakeholders of your accounting department to become a seamless extension of your team. This ensures a smooth transition of data and accuracy in records.
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We provide the following bookkeeping and accounting services for our midsized business clients:

Our Accounting & Bookkeeping Services
Preparation of financial statements

Accounts payable and receivable

General ledger and journal entries

Cash flow analysis and management

Bank reconciliations

Inventory reconciliation

Payroll processing & WSIB and EHT remittance

HST/ GST/QST/PST filing

Tax Planning & Strategizing

Financial Advising

Our Bookkeeping Process:

We strive to provide transparency in all our communications with the clients, from the initial consultation to onboarding and ongoing client relationship. Read through this process section to get a better understanding of our bookkeeping process, and the next steps.
1

Onboarding

The relationship starts with the initial consultation call, which you can book from this page by clicking the “Book the Consultation” button. In this call, clients come prepared with their business financial records, past tax records, and their business goals and challenges.

Our team works with you to understand your unique business objectives and we draft a customized plan of action and service package to help you achieve your desired outcomes.

When you sign up for the services after the initial consultation session, you get introduced to your dedicated bookkeeper on our team.

Your dedicated bookkeeper helps you gather the necessary information, sets up the expectations and provides guidance to assist in transferring the documents required to kick off the bookkeeping process. We work with your internal stakeholders and team to strengthen our partnership and create a culture of collaboration between your company and your dedicated staff from Lynn Liu CPA Professional Corporation.

The onboarding process involves different moving pieces. Therefore, we provide you dedicated representative to make it as simple as possible.
2

On-going Dedicated Support:

After your dedicated bookkeeper gets you setup, she/ he helps you keep track of the transactions, manages records, and offers support and assistance with any questions or queries.
3

Compliance:

We don’t leave anything to chance when it comes to compliance with the legislation. The work performed by your dedicated bookkeeper is reviewed by a CPA team member to ensure compliance and accuracy.

You are only responsible for sharing the receipts, invoices, bank statements or any supporting documents.

We take care of the rest.

The best part is that you can access your books, reports and financial records from anywhere in the world.
Our team regularly gets comments like

“not only does your accounting and bookkeeping services help us make better business decisions, we feel more confident when the tax season approaches.”.

Book a call with our team to discuss your business’ bookkeeping and accounting needs.
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Financial Statements and Internal Reports

Financial statements help you track your progress, assess your financial health, and make informed decisions about the allocation of resources. Internal reports can help you identify areas of improvement and track your progress over time.

Your small or mid-sized business needs accurate and timely access to financial statements and internal reports to make sound decisions about your operations. Our team works with efficient processes and systems to deliver on our promise of timely service delivery.
We can prepare the reports either monthly, quarterly or annually to fit your unique needs.
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Software for Bookkeeping

There are various software programs available on the market for accountants to help small to medium businesses with their bookkeeping and accounting needs. Each of them has its pros and cons, and the majority of them have the features to get the job done.

Choosing the right software is based on your specific requirements and use cases. Since our team has worked with a lot of solutions available in the market, we have the expertise to help you choose the best option for you.

If you have a tool that you are currently using and it works like a charm… perfect!!! You do not need to change anything. Our team can help you with your bookkeeping by utilizing the software you are currently using.
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Partner Software

We partner with these companies to help our clients get white-glove service and special price benefits.

Why 97% of Clients Retain Our Services Year-over-year?

Data Security & Privacy:

Data security and privacy are among the main concerns when choosing to outsource accounting and bookkeeping tasks.

We understand this concern and take every measure to ensure the safety of your data and the data of other stakeholders related to your business. This is the reason our entire team is based locally and none of our roles are offshored.

The team at Lynn Liu CPA Professional Corporation takes an extra measure to only use legitimate and secure software tools to handle and share your data.

Accuracy and Compliance:

When you choose to outsource your bookkeeping and accounting, you deserve accuracy and compliance in the reporting.

We understand human errors are a real problem; that’s why we have built a system for the verification and validation of the data entered to ensure accuracy and minimize errors.

We go the extra step to assign a CPA team member to review the files with the bookkeepers to ensure the compliance of the data.

The quality assurance procedures in our bookkeeping and accounting department ensure the accuracy and compliance of your financial records.

Approachability and Communication:

Communication gaps and lack of support results in negative R.O.I. on a company’s investment in their outsourced accounting.

A lot of clients choose to outsource their bookkeeping and accounting due to two main reasons…
Lack of Expertime
Lack of Time
In either of these scenarios, clients need support and require answers to their questions in a timely manner to make business decisions.

That’s why we have built our team around the values of being approachable, responsible and caring. The team strives to live up to these values every single day.

What does this mean for our clients?

This means that as our client, you can get dedicated bookkeepers who are approachable. You can get your questions answered and get the help you need without waiting for an unreasonable amount of time.

This also means that as our client, you don’t worry about the deadlines because our responsible team stays on top of the projects.

Lastly, this means that as a client at Lynn Liu CPA Professional Corporation, you can get peace of mind knowing that our team proactively looks for opportunities and red flags.

Book your consultation call to discuss your business details and bookkeeping requirements.

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Is Your Business Ready To Outsource your accounting and bookkeeping?

The following indicators will help you determine if your business is ready to outsource its accounting and bookkeeping needs.
How well your current accounting and bookkeeping processes are working? If you find that you are constantly behind on your financial reporting, or if you're constantly having to make last-minute adjustments to your books, it may be time to consider outsourcing.
How much time you and your employees are currently spending on accounting and bookkeeping tasks? If you find that these tasks are eating up a significant amount of time that you could spend on more revenue-generating activities, it may be time to consider outsourcing.
Take a look at your current accounting and bookkeeping staff. If you find that you don't have the internal resources and expertise to handle all of your accounting and bookkeeping needs, it may be time to consider outsourcing. Outsourcing can provide you with access to our experienced professionals who can take care of all of your accounting and bookkeeping needs, freeing up your time to focus on other aspects of your business.

We specialize in helping clients in…

Real Estate

Medical

Entertainment and Media

Not for Profit

Technology firms

Food and Beverage

What Our
Customers Say

Testimonials

Get In Touch

Have a question or need a quote? Please feel free to either fill the form or call us.
(905) 760-9168
info@lynncpa.ca
15 Wertheim Ct Suite 707,
Richmond Hill, ON L4B 3H7

    An accounting team that cares, is approachable and responsible. We tell the story that numbers reveal for professionals in Real Estate, Medical and Entertainment industry (a flowery way to say that we crunch the numbers and help you understand opportunities and obstacles).

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    (905) 760-9168
    info@lynncpa.ca
    15 Wertheim Ct Suite 707,
    Richmond Hill, ON L4B 3H7
    ©2022 Lynn Liu, All rights reserved
    QuickBooksTM is a registered trademark and/or registered service mark of Intuit Inc., used with permission
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