Accounting, Taxation and Reporting

Avance has a team of very experienced designated accountants to provide a range of accounting and financial reporting; some such services are listed as follows:

Ledger and Reports

Setup of Ledgers and Journals
Remote and on-site bookkeeping
Cash Management & Bank Reconciliation
International Taxation
Periodic statutory reports
Monthly, Quarterly or Annual Customized Reports
Breakup & Analysis of Expenses, actuals with budget/forecast

Accounts Payable Management

Processing of vendor invoices
Bill Payments
Vendor assessments and inquiries
Vendor Balance Summary/Detail Reports

Accounts Receivable Management

Bank Deposits
Cash Applications
Preparation and submission of invoices
Follow-up with customers
Accounts Receivable Aging Summary/Detail Reports and other reports
Arrangement of factoring/discounting with financial institutions

Budget and Planning

Annual Budget Preparation (static, zero-based, or flexible budgets)
Rolling forecasts (as required)
Periodic Budget Reviews (budget/forecast/actual analysis)
Review of standard costs and assumptions for planning
Developing the most effective Key Performance Indicators (KPIs)
Customized reports and dashboards

You can also visit our dedicated website www.cfoforrent.ca for more detailed information.