What we do?
ONLINE ACCOUNTING & BOOKKEEPING SERVICES
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
CLOUD ACCOUNTING SERVICE
At Think Accounting, we’re all about making your life easier with our cloud accounting services. By going paperless and using online systems, you can manage your finances from anywhere, anytime! You’ll save time, reduce costs and get real-time financial reporting. Plus, online collaboration means your team can work together seamlessly.
Say goodbye to traditional bookkeeping and hello to a more modern, efficient way of doing business! With Think Accounting, you’ll enjoy the benefits of cloud accounting, including improved data security and easy access to your financial information.
ECOMMERCE ACCOUNTING SERVICE
At Think Accounting, we’re ecommerce accounting specialists, and we’re proud of it! We have in-depth knowledge of ecommerce platforms like Amazon and Shopify, different payment processing platforms like Stripe and PayPal, and the complex sales tax rules that ecommerce businesses are exposed to.
We understand the unique challenges that ecommerce business owners face, and we’re here to help. With our expertise, you can rest assured that your finances are in good hands. Don’t settle for a traditional accountant who doesn’t understand the complexities of ecommerce.
VIRTUAL CFO & ADVISORY SERVICES
At Think Accounting, we offer Virtual CFO and Advisory services to help you take your business to the next level. With our cash flow forecasting services, we’ll help you get a better handle on your cash and put your profit first. We’ll work with you to build and track KPIs that are specific to your business, so you can plan for growth or tough times.
We’re more than just accountants; we’re your trusted advisors. We’re here to help you navigate the ups and downs of running a business, and we’ll be by your side every step of the way. With Think Accounting, you can have confidence in your financial decisions and focus on what you do best.
At Think Accounting, we’re proud to be a Xero Platinum Partner! We offer online accounting services using Xero software, so you can manage your finances from anywhere, at any time. Xero is user-friendly and intuitive, making it easy to stay on top of your finances.
Our online accounting services offer a range of benefits, including real-time financial reporting, easy collaboration, and improved data security. Plus, with our expertise in Xero, you’ll get the most out of this powerful software.
Say goodbye to traditional bookkeeping and hello to a more efficient, modern way of managing your finances.
At Think Accounting, we’re experts in QuickBooks Online (QBO). Our online accounting services using QBO make it easy to manage your finances from anywhere, at any time. QBO is intuitive and user-friendly, making it easy to stay on top of your finances.
Our online accounting services with QuickBooks offer a range of benefits, including real-time financial reporting, easy collaboration, and improved data security. Plus, with our expertise in QBO, you’ll get the most out of this powerful software. Say goodbye to traditional bookkeeping and hello to a more efficient, modern way of managing your finances.
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.
We set up the systems and workflows, connect your solution to your accounting apps and connect you with a Think Accounting team member.
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.
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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.