ONLINE ACCOUNTING & bookkeeping SOLUTIONS
Once you’ve built a foundation for your business, you need a finance partner to help you scale your dream. That’s where Think Accounting comes in. With our bespoke cloud accounting services, we’ve got the solutions to cover your bookkeeping, tax and advisory needs.
GET TO KNOW MORE
Get in touch with our expert team to know how we can transform your traditional accounting and bookkeeping into a more modern, efficient way of doing business! Fill the form below & we will be in touch with more details about our solutions.
What we offer?
ACCOUNTING AND BOOKKEEPING solutions
At Think Accounting, we specialize in providing accounting and bookkeeping services to ecommerce, startups and small businesses in Canada. Our team of experienced business accountants understands the unique financial challenges that small business owners face, and we are committed to helping you achieve financial success.
Whether you’re running an online ecommerce business or a traditional brick-and-mortar store, our online accounting services can help you stay on top of your finances. We offer customized solutions for bookkeeping, accounting, and tax preparation that are tailored to the needs of small businesses
ECOMMERCE ACCOUNTING SOLUTIONS
At Think Accounting, we understand the unique financial challenges that ecommerce businesses face. That’s why we offer specialized ecommerce accounting solutions to help you manage your finances and grow your business.
Our Ecommerce accounting solutions include:
- Accrual basis sales tracking
- Sales tax tracking for multiple provinces
- Consolidating sales from multiple platforms like Amazon, Shopify, Walmart, and more
- Inventory management
- Cash flow management for growing ecommerce businesses
- KPI tracking specific to ecommerce businesses
With our expertise, you’ll have excellent support you need to make informed financial decisions, plan for growth, and achieve success.
STARTUP ACCOUNTING SOLUTIONS
At Think Accounting, we understand the unique financial challenges that ecommerce businesses face. That’s why we offer specialized ecommerce accounting solutions to help you manage your finances and grow your business.
Our startup accounting solutions include:
- Accrual basis sales tracking
- Deferred revenue tracking
- Sales tax tracking for multiple provinces
- Cash flow management for growing startups
- KPI tracking for startups
- SR&ED claims
- Tax planning and tax compliance
- Financial statements for investors and board
With our expertise, you’ll have excellent support you need to make informed financial decisions, plan for growth, and achieve success.
ACCOUNTING SOLUTIONS FOR MEDICAL PRACTICES
Our experts at Think Accounting understand that medical and dental practices have unique accounting needs. That’s why we offer specialized accounting solutions to help you manage your finances and achieve success.
Our accounting solutions for medical practices and dentists include:
- Accrual basis revenue tracking
- Tax planning for the corporation and personally
- Putting an efficient tax structure in place
- Payroll
- Financial statements for banks
With a decade of experience, our experts understand that medical professionals face complex regulations and tax requirements. We can help you navigate these challenges, so you can focus on providing the best care to your patients.
With our help, you’ll have the peace of mind to navigate the financial tools you need to make informed decisions, stay compliant with regulations, and achieve success.
RESTAURANT ACCOUNTING SOLUTIONS
At Think Accounting, we understand that restaurants have unique accounting needs. That’s why we offer specialized accounting solutions to help you manage your finances and achieve success.
Our accounting solutions for restaurants include:
- Accrual basis sales tracking from POS
- Tracking of sales from UberEats and SKD
- Payroll for your team
- KPI tracking for costs
- Financial statements for banks and franchisors
- Corporate & Personal Tax planning
We know that restaurants face challenges such as managing inventory, labor costs, and maintaining cash flow.
Our team of experts can help you navigate these challenges, so you can focus on providing great food and service to your customers. With our expert help, you’ll have the financial tools you need to make informed decisions, stay compliant with regulations, and achieve success.
SMALL BUSINESS ACCOUNTING SOLUTIONS
We at Think Accounting, understand that small businesses are going through a tough time with rising inflation, labor shortage and growing competition. Your business may be small but we know your dreams are big. That’s why we offer specialized accounting solutions to help you manage your finances and achieve success.
Our accounting solutions for small businesses include:
- Accrual basis sales tracking from POS
- Payroll for your team
- KPI tracking for sales and costs
- Profit first consultation
- Sales Tax, Corporate Tax and Personal Tax filings
- Sales Tax, Corporate Tax and Personal Tax filings
Our team of experts can help you in navigating your business accounting challenges, so you can focus on providing great food and service to your customers. With our help, you’ll have the financial tools you need to make informed decisions, stay compliant with regulations, and achieve success.
THINK Approach
Discovery Call
We schedule a meeting or phone call to learn all about your business, ask pertinent questions, and listen to your needs.
Create a Customized Plan
After making a thorough assessment of your unique needs, we’ll begin developing a customized action plan with pricing clearly outlined.
Onboarding
We set up the systems and workflows, connect your solution to your accounting apps and connect you with a Think Accounting team member.
Kick-Off
With deadlines and deliverables clearly identified on our end so your business is always compliant with CRA. You’ll also receive ongoing proactive strategies from our experts.
THINK Technology
Modern businesses need digital solutions to fulfil their accounting needs. We take your accounting system online for a secure, robust, and revolutionary accounting experience that’s accessible with just a few clicks.
THINK Insights
Check out the latest articles from our CPA team, focusing on providing the most relevant accounting and tax advice for individuals, families, and businesses.
How to Sign Up for CRA My Business Account: A Step-by-Step Guide
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How to Sign Up for CRA My Account: A Step-by-Step Guide
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GST/HST New Residential Rental Property Rebate: A 2024 Guide For Real Estate Investors
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THINK FAQs
Do you provide customized accounting Services or Solutions based on the nature of business?
Absolutely. Each industry is unique and within each industry, each business is unique. For e.g. E-Commerce Accounting is very different from Creative Agency Accounting. We have separate processes in-house for different industries that we follow to deliver our services. We build our scope of work and deliver on that scope customized to your business, instead of using a cookie-cutter approach.
Do you provide Bookkeeping-only services (that is, if I already have a year-end accountant)?
In rare circumstances, yes. However, majority of the time, we provide a full-service package service that includes Bookkeeping, Financial Statements, Tax Returns, and, if applicable, Payroll.
Do you provide Year-End-only services (that is, if I already have a Bookkeeper)?
Yes, we do. We prefer that you have a professional bookkeeper taking care of your books and bank accounts are reconciled. If you as a business owner do your own bookkeeping, we will first need to review your bookkeeping before giving a fee quote for year-end scope of work.
Do you provide Audited or Reviewed financial statements?
No. We provide Compilation Engagement Financial Statements (previously called NTR or Notice To Reader). For your Audited or Reviewed Financial Statement needs, we are able to connect you with firms in our network.
Which Industries do you work with?
Although we work with most industries, we have specialized knowledge of clients in the E-Commerce, Startups, Medical and Creative Agencies space.
Do you provide Accounts Payable and Accounts Receivable Services?
We provide Accounts Payable services on a monthly frequency basis. We’ll setup a paperless workflow for you to provide all bills to be paid, and set up a payment platform for you. After that, we’ll follow a once-a-month process to schedule bills to be paid for the month.
We do not provide Accounts Receivable (Cash Collection) services.
Do you help with Advanced Tax Planning (Reorganization of Corporate Structure, Estate Planning, etc.)?
Absolutely! It’s one of the ways we add tremendous value to our clients. Our Advanced Tax Planning work is structured as follows:
- Discovery Call – To gather a high-level background and understand your goals and objectives.
- Phase 1 – To assemble all detailed background, tie the tax research to your specific situation, design the solution and steps for your reorganization, and present you with the solution(s).
- Phase 2 – Implementation of Phase 1, which incudes coordination with lawyers and business valuators. We summarize all of the work performed in a detailed Memo for you and your advisors.
