Accounting & Bookkeeping Services
Accounting & Bookkeeping Services
Strong financial management begins with accurate, timely, and well-structured accounting records. WIS Accounting, Tax & Advisory Inc. supports individuals and businesses across Canada with full cycle accounting and bookkeeping services designed to strengthen financial clarity, support compliance, and improve decision-making.
Our work is led by professionals holding ACCA and CFE credentials, bringing a high level of technical expertise and financial integrity to every engagement. We help you establish the right accounting framework for your business, develop a chart of accounts that reflects your operations, and maintain records that stand up to scrutiny from lenders, regulators, and stakeholders.
Our bookkeeping approach is built around consistency, accuracy, and transparency. We reconcile accounts regularly to ensure your financial data remains reliable, and we manage the day-to-day entries that keep your books current. From payroll and vendor management to asset tracking and tax estimates, we provide the structure and oversight your business needs to operate confidently.
What Our Bookkeeping Services Cover
- Cleanup and correction of existing records
- Set-up and maintenance of accounting systems
- Design and oversight of accounting processes
- Accounts payable and vendor management
- Accounts receivable, invoicing, and customer statements
- Collections support
- Bank deposits and cash management
- Payroll setup and administration
- Financial reporting, including income statements, balance sheets, and cash flow statements
- Setup and management of benefit withholdings
- Bank and credit card reconciliations
- Weekly, monthly, or quarterly management reports
- Sales tax calculations and filings
- Year-end preparation for tax returns
Payroll Services
Accurate payroll is essential for maintaining employee trust and meeting regulatory requirements. WIS Accounting, Tax & Advisory Inc. provides complete payroll services for businesses across Canada, ensuring your pay cycles run smoothly, compliantly, and on time. We manage the full payroll process, from onboarding employees to processing pay runs, calculating statutory deductions, and preparing year-end slips. Our approach ensures your payroll aligns with CRA requirements and that your employees receive accurate and timely payments.
Payroll Services Include
- Payroll system setup and configuration
- Employee onboarding and record maintenance
- Calculation of wages, overtime, vacation, and statutory deductions
- Direct deposit processing
- Pay stub and payroll summary preparation
- Source deduction remittances to CRA
- T4 and T4 Summary preparation and filing
- ROE preparation
- Ongoing payroll compliance monitoring
Financial Statement Preparation
Clear and accurate financial statements are essential for decision-making, financing, compliance, and presenting a reliable picture of your organization’s performance. WIS Accounting, Tax & Advisory Inc. prepares financial statements that align with the appropriate accounting framework and meet the needs of lenders, investors, and internal stakeholders.
We work with businesses across various industries to ensure your financial reporting is consistent, accurate, and supported by proper documentation and reconciliations.
Financial Statement Services Include
- Preparation of balance sheets, income statements, and cash flow statements
- Notes to the financial statements
- Year-end working papers and supporting schedules
- Adjusting journal entries and account reconciliations
- Support for external reviews or audits
- Management discussion and analysis (MD&A) support
- Industry-specific reporting considerations
WSIB Reporting
Ontario employers are required to meet Workplace Safety and Insurance Board (WSIB) reporting obligations accurately and on time. WIS Accounting, Tax & Advisory Inc. assists businesses with WSIB compliance by ensuring payroll reporting, premiums, and classifications are handled correctly.
We take care of the administrative requirements so you can focus on running your business, while reducing the risk of penalties or reassessments
WSIB Services Include
- WSIB account setup and employer registration
- Monthly, quarterly, or annual WSIB reporting
- Calculation of insurable earnings
- Review of classification codes and premium rates
- Reconciliation of WSIB statements
- Support with WSIB audits or inquiries
- Adjustments and corrections to prior filings
QuickBooks Online (QBO) Setup and Support
QuickBooks Online is a powerful accounting platform, but only when it’s configured properly. WIS Accounting, Tax & Advisory Inc. provides expert QBO setup and ongoing support to ensure your system is optimized for accuracy, efficiency, and long-term scalability.
We tailor your QBO environment to your industry, reporting needs, and internal workflows. Whether you’re transitioning from another system or starting fresh, we ensure your setup is structured correctly from day one.
QBO Services Include
- Initial QBO setup and configuration
- Chart of accounts design tailored to your business
- Migration of historical data
- Bank feed setup and automation
- Customization of invoices, receipts, and templates
- Integration with apps and third-party tools
- Ongoing QBO training and support
- Troubleshooting and cleanup of existing QBO files
