BJM Tax Service--Explanation of Bookkeeping Services

The basic bookkeeping service has small business in mind that receives and deposits their own revenues and pays their own bills. They require only bookkeeping services for the totaling, and reconciling of their accounts for income tax purposes.

The basic bookkeeping service includes:

• Totaling of your revenue and expenses:

  • BJM Tax Service will maintain records of your revenue and expenses from your receipts.

• Reconciliation of Bank Statements:

  • Send your bank statements to BJM Tax Service for reconciliation or we can set up to have them delivered directly to BJM Tax Service

• Year end financial statements:

  • BJM Tax Service will provide year end financial statements for income tax reporting.

• Income tax filing:

  • BJM Tax Service will complete and file your income tax return based on the financial statements prepared.

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The full bookkeeping service has the small to medium size business in mind, whose requirements are the complete handling of their daily bookkeeping and cost accounting operations.

The full bookkeeping service includes:

• Accounts Payable:

  • BJM Tax Service will manage your accounts payable to ensure your bills are paid in a timely manner while making the most profitable use of vendor terms.

• Accounts Receivable:

  • BJM Tax Service will invoice your customers and manage the collection of funds as required.

  • BJM Tax Service can receive your payments and deposit them directly into your bank account.

• Payroll:

  • BJM Tax Service will manage your payroll and maintain your payroll records.

  • BJM Tax Service will calculate deductions, pay your employees, and remit your source deductions to the appropriate government agency.

  • Remit your payments to WSIB

• Vendor and Customer Files:

  • BJM Tax Service will maintain a record of your vendor and customer information for all your business contacts.

• Reconciliation of Bank Statements:

  • Send your bank statements to BJM Tax Service for reconciliation or we can set up to have them delivered directly to BJM Tax Service.

• Year end financial statements:

  • BJM Tax Service will provide year end financial statements for income tax reporting.

• Income tax filing:

  • BJM Tax Service will complete and file your income tax return based on the financial statements prepared.

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