Common Queries
General FAQs
Bookkeeping
Auditing
Financial Reporting
Tax Services
Payroll Services
Clean-up / Catch-up Services
Consulting and Advisory
Process Management
General FAQs
We offer accounting and bookkeeping, tax services, payroll services, auditing, financial reporting, process management, consulting and advisory, process management, clean-up and catch-up taxes.
Our services help streamline finances, ensure tax compliance, optimize payroll, provide audits, in-depth reports, processing management, professional consulting, and clean up taxes for SMBs.
We specialize in manufacturing, auto care, nonprofit, construction, restaurant, and retail.
We ensure confidentiality with encryption, confidentiality agreements, secure access controls, regulatory compliance, regular security audits, secure communication channels, and employee training.
Yes, we provide customized packages to cater to your business requirements, guaranteeing you get the support and services needed for your distinctive needs.
Typically, the fees work on a per-project basis or hourly which varies by service. A few require billing after completion while others need upfront payment and some prefer payment by milestone..
Yes, cloud accounting is safe if correctly implemented. Often, it includes security measures such as regular audits, access controls, and encryption to safeguard data against unauthorized access & assure confidentiality.
Yes, we offer on-site support in the Southern Ontario in Oakville/ Burlington/Hamilton/ Ancaster.
Bookkeeping
Yes, we offer both accounting and bookkeeping services customized to cater to the business’s financial management needs, guaranteeing organized and accurate reporting and financial records.
We will update your books regularly, providing flexible scheduling options like monthly, weekly, or daily updates (if needed) to guarantee the financial records are current and accurate always.
We use and can work on different bookkeeping software, such as Sage, Xero, QuickBooks and others, to satisfy the needs of various clients and offer efficient and flexible solutions.
Bookkeeping guarantees accurate records, simplifies tax preparation, supports decision-making, ensures compliance, aids planning, saves stress and time, and builds credibility.
Yes, we can customize our accounting services, thus ensuring bespoke solutions that cater to your distinctive financial needs.
Yes, we offer outsourcing for accounting and bookkeeping services, offering professional financial management to help you focus on your core business activities.
Yes, we offer onsite support for accounting and bookkeeping services in Southern Ontario in Oakville/ Burlington/Hamilton/ Ancaster to cater to your distinctive requirements and offer direct personalized assistance at your location.
Our on-site support comprises financial analysis, staff training, hands-on bookkeeping, compliance checks, system implementation, and professional consultation, custom-made to your business requirements.
Auditing
We offer various auditing services for small and medium-sized businesses and sole proprietors, such as internal audit solutions, external audit solutions, CRA liaisons and negotiations, CRA correspondence, detecting and preventing fraud, and compliance with new accounting standards.
Outsourcing auditing services will benefit your business in untold ways, such as offering independent evaluation, guaranteeing compliance, improving financial accuracy, identifying risks, and enhancing the confidence and trust of stakeholders.
Yes, we provide onsite auditing services customized to your specific business needs in Southern Ontario — Oakville/ Burlington/Hamilton/ Ancaster. We offer all-inclusive evaluations at your location directly.
We provide audit services on a recurring and one-time basis, accommodating your business’s specific needs and regulatory requirements.
The typical timelines for completing an audit for sole proprietors or SMBs can differ depending on the business size and complexity. Audits generally range from 7-15 days to a few months, ensuring conformity with regulatory standards and thorough examination.
Initiating an audit with our firm includes consultation, signing an agreement, planning, fieldwork onsite, finding reports, and a thorough follow-up for implementation, guaranteeing efficient audit services customized to your business.
We communicate audit findings and recommendations for clients through meetings, presentations, and detailed reports, guaranteeing clarity, actionable insights for clients, and good understanding.
We have worked with various industries to provide auditing services, including manufacturing, auto care, nonprofit, construction, restaurant, and retail.
Yes, we offer ongoing support and follow-up after completing an audit, helping with the implementation of recommendations and catering to any additional concerns or queries that may crop up.
Financial Reporting
Financial reporting helps businesses by offering insightful analysis, helping make informed decision, creating trust and transparency, guaranteeing compliance & supporting strategic planning for enduring goals and growth.
Financial reporting is utilized by different stakeholders, including internal management teams, regulators, creditors, investors, and business owners, to assess financial health and make informed decisions.
Yes, we can customize financial reports to cater to your business needs, guaranteeing they offer the information and insights required for analysis needs and decision-making.
Yes, we provide onsite support for financial reporting services to offer personalized help and make sure your financial reporting requirements are directly met at your location.
Yes, we can assist with interpreting financial reports and providing insights custom-made to your business. We can help you make sound decisions based on comprehensive financial analysis.
We stay updated with changes in accounting standards and regulations affecting financial reporting by monitoring updates regularly, attending development programs, and also engaging in consistent training and education for our team.
We prepare balance sheets, income statements, equity changes reports, cash flow statements, budget versus actual reports, financial performance analyses, and tailored management reports for an all-inclusive business insight.
Tax Services
We offer various tax services: Government Filing for HST, RST, QST, EHT, and WSIB, CRA Reporting, Communication and resolutions, Reconciliations Prior to Calendar and fiscal Year End(s), Tax Planning Support, Secure Cloud-based Storage for Your Receipts and Documents, and Customized Projects Requested by Clients.
Yes, you can use our services even if you already have an accountant/tax agent to complement their expertise and improve your financial management capability.
We hold expertise in business tax and accounting services and may not be the right team to file taxes for everyone. If we are unable to file your taxes, we will connect you with a 3rd party team that can.
Outsourcing tax services provides a gamut of benefits, such as cost savings, filing accuracy, time efficiency, compliance expertise, scalability to effectively meet business needs, and strategic advice.
Yes, we offer onsite tax services for businesses in Southern Ontario – Oakville/ Burlington/Hamilton/ Ancaster. We provide personalized tax assistance and guarantee ease and customized solutions at your location directly.
Yes, we can assist with both provincial and federal tax requirements, thus ensuring optimization and compliance of tax strategies customized to your business requirements.
Payroll Services
We offer different payroll services for businesses– payroll processing, provincial payroll taxes, payroll reconciliation, record keeping and reporting, new hires and terminations, and direct deposit to employees.
Yes, we offer onsite payroll services to businesses as well in Southern Ontario – Oakville/ Burlington/Hamilton/ Ancaster. We provide personalized help and ensure effective payroll management at your location directly.
Your payroll data is immensely secure with us, as we utilize advanced encryption, stringent access controls, and adherence to regulatory standards to safeguard confidentiality and prevent unauthorized access.
Transitioning payroll services to our company includes consultation, transfer of data, testing, customization to cater to your requirements, implementation, and constant support to guarantee effective and seamless payroll management.
Yes, we provide customized payroll solutions based on business needs, guaranteeing efficiency and flexibility in payroll management.
Yes, we can handle payroll for businesses of different sizes, accommodating fluctuations in the number of employees and guaranteeing timely and accurate payroll processing.
Yes, we can assist with compliance for payroll tax filings, thus ensuring timely submission and accurate preparation to cater to regulatory needs.
Clean-up / Catch-up Services
Yes, we offer onsite clean-up and catch-up services in Southern Ontario in Oakville/ Burlington/Hamilton/ Ancaster to assist businesses in rectifying and updating their financial records directly at their location, ensuring compliance and accuracy.
Businesses that can benefit from clean-up/catch-up service comprise those with errors, Behind on filing taxes, incomplete records, compliance needs, audits and financial planning, or transactions that need exact financial data & reporting.
We ensure security and confidentiality while outsourcing clean-up/catch-up services by utilizing encrypted communication, stringent access controls, agreements, confidentiality, and conformity with data protection regulations.
Our clean-up and catch-up bookkeeping packages are customized to individual client requirements, laying emphasis to rectify outdated or incomplete financial records for ensuring compliance and accuracy.
Yes, we can handle clean-up and catch-up services for multiple years of backlogged records, guaranteeing thorough updating and rectification of financial records to the latest standards.
Yes, we can offer detailed reports after clean-up and catch-up, outlining the rectification procedure and guaranteeing accuracy and transparency in the updated financial record.
Yes, we can help you catch up on your books if you are behind, thus ensuring your financial record is accurately updated and effectively brought up to date.
The typical turnaround time for clean-up/catch-up services can vary depending on the volume and complexity of the backlog. It usually ranges from weeks to months.
Yes, clean-up/catch-up services can help prepare your business for tax season by guaranteeing up-to-date and accurate financial records, thus facilitating hassle-free tax preparation and compliance.
Yes, there are additional benefits to outsourcing clean-up/catch-up services besides time savings. These comprise compliance, accuracy, expertise, and the ability for you to pay attention to core business activities.
Consulting and Advisory
We offer various consulting and advisory services such as project accounting set up, cost accounting set up, financial reconciliation and reporting, chart of accounts reviews and streamlining, budget management services, and custom report design.
For consulting services, we specialize in various industries, namely manufacturing, auto care, nonprofit, construction, restaurant, and retail.
We tailor our consulting services to meet the unique needs of your business through a complete assessment of the specific challenges of your business, goals, and different industry-specific needs, guaranteeing bespoke solutions that align with your distinctive needs.
Yes, we offer ongoing support after completing the initial consulting project, thus ensuring assistance and continuity as your business implements suggestions and addresses new opportunities or challenges.
We create customized consulting strategies through assessment of your business, data analysis, creating tailored plans, support implementation, and constantly monitoring and adapting strategies for ongoing success and optimal results.
For our consulting services, the fees are usually structured based on the project, the work’s complexity, and the engagement time, either as fixed fees or hourly rates.
Simply drop us an email at rachel@renbookkeeping.ca or talk to our experts at 905-510-4187.
Process Management
We offer various process management services such as documentation, policy and procedural review, process streamlining, SOP manual creation, ISO finance compliance manual writing, and risk management.
Yes, we offer outsourcing for process management, offering expertise for streamlining operations and improving effectiveness for businesses that want to optimize their process.
Yes, we provide onsite support for process management in Southern Ontario in Oakville/ Burlington/Hamilton/ Ancaster to aid business implementation as well as optimize operational procedures at their location directly, guaranteeing effective execution and tailored solutions.
Yes, we can integrate new technologies into your existing processes to improve efficiency, effectiveness, and productivity, guaranteeing seamless adoption & optimization of current solutions.
The different industries that we have worked with in providing process management services include manufacturing, auto care, nonprofit, construction, restaurant, and retail.
We measure the success of process management initiatives via tracking KPIs like cost savings, efficiency improvements, error rates, process cycle times, and complete effect on business goals and objectives.
