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Accounting

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Accounting Services include the following:

– Analysis and interpretation of statistical and accounting information. This will allow us to properly appraise operating results in terms of profitability, performance against budget; as well as raising respective issues impacting the effectiveness of the corporation’s operations.

– Preparing operation financials, which includes interim and year end financial statements with supporting schedules for the guidance of management.

– Insuring the best relationship between your company and lending institutions. We are capable of doing that through the maintenance of its fiscal records, plans and policies.

Consultation System Setup

– Our firm is capable of establishing departments within your organization through our background skills in commerce. Departments include: Finance, Account Payable/Receivable, Sales, Information Technology and Human Resources.

– Setting up your personalized accounting system means that we will be putting the accounting policies and procedures for all accounting departments including the internal and external documentation cycle.

– Aside from helping you build your organization, our firm is capable of providing hands on training for the employees in departments within your company.
– As an extended part of our services, our team supervises general accounting and budgetary controls.

 

Financial Statement Preparation

Wanas Accounting and taxation Corp. prepares financial statements to be utilized in the preparation of corporate tax returns using client supplied information.

We prepare the following financial accounts: Budget, Balance Sheet, Operations Accounts, Profit & Loss Accounts, Trading Accounts, Revenues & Expenditures, Trial Balance, Profit & Loss Statement.

These statements conform to generally accepted accounting principles (GAAP) in Canada; they are then used in the preparation of Canadian corporate tax returns.