Industries · Professional Services
You bill for expertise.
Know which work pays.
Agencies, design studios, engineering and marketing firms, clinics and practices. Revenue is lumpy, receivables matter and payroll is your biggest cost. We keep the books aligned with how you actually work.
Sound familiar?
You’re busy, but cash still feels tight.
A few clients are always 60 days late.
You can’t say which service line is the most profitable.
Challenges
The bookkeeping problems we see most often.
- AReceivables
- Revenue earned isn’t revenue collected. Aging receivables quietly fund your clients’ businesses.
- BProject profitability
- Without tracking by client or service, it’s hard to know where margin comes from.
- CContractor vs. employee
- Many firms use both. Each has different payroll and slip obligations.
- DRetainers and deposits
- Money received before work is done needs to be recorded properly to keep income accurate.
Services
How we help
Tax notes
Tax considerations
General information based on standard CRA rules — not advice for your situation. We’ll confirm what applies to you.
- Owner compensation
- Incorporated professionals choose between salary, dividends or a mix. Each affects personal tax, RRSP room and CPP differently.
- Contractor slips
- Payments to certain contractors may need to be reported on T4A slips.
- Work in progress
- How unbilled work is treated at year-end can matter for some professions. We confirm how it applies to yours.
Workflow
A typical year with us
- 01
Map
We tag income by service line or client where your invoicing tool allows.
- 02
Monthly
Reconcile, update receivables and review retainers.
- 03
Quarterly
Profitability view and HST return.
- 04
Annually
T2, T4/T4A slips and owner compensation planning.
Reporting
What you’ll see each month
- Receivables aging with the clients to follow up
- Revenue and margin by service line
- Payroll as a share of revenue
- Monthly cash runway
Tools we commonly work with
- QuickBooks Online
- Xero
- Invoicing and time-tracking tools
- Payroll software
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Let’s talk about your business.
Tell us where things stand. We’ll review it, talk it through with you, and send a written scope before any work begins.
- 01Tell us about your situationA short form — no documents needed.
- 02We talk it throughA conversation about what you need and what you don’t.
- 03You get a written scopeClear deliverables and a quote before anything starts.