Services

Set Yourself Up For Success With Systems That Support Your Business' Basics

Ensure you have the right tools to succeed

Success starts with a solid foundation. When your business has the right systems in place—from bookkeeping processes to financial reporting—you gain more than just organization; you gain control, confidence, and clarity.

We help you implement tools and workflows that support the day-to-day essentials of your business, so you’re not just keeping up—you’re moving forward. Whether it’s selecting the right software, streamlining your recordkeeping, or building processes that scale, we’ll ensure you have what you need to succeed.

Bookkeeping

Consistent, accurate bookkeeping is an essential part of your accounting infrastructure

Technology has revolutionized the way bookkeepers and clients collaborate, enabling more efficient and cost-effective solutions. With countless options available, selecting the right tech stack is both a personal and strategic decision. At WBS, we specialize in QuickBooks Online due to its widespread popularity and robust features, making it a reliable choice for business industries. Additionally, we use Dext to simplify invoice and receipt submissions, offering clients a seamless, cloud-based solution for staying organized and efficient.

  • Transactional processing and categorization
  • Bill payments to vendors through EFT, cheque, etc.
  • Bank and credit card reconciliations
  • General ledger maintenance
  • Journal entries and month-end accruals
  • Financial reporting
  • Year end review and preparation
  • Virtual organization and storage of your files
  • QBO implementation, training, and support
  • Ledger review
  • Data migrations
  • Business registration
  • Safeguarding of data

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Tax and Business Compliance

Compliance regulations are designed to protect businesses, their employees, assets, and, most importantly, their customers.

Compliance is critical for small businesses. By understanding and addressing key compliance requirements, small businesses can avoid costly fines, penalties, and potential legal action. Taking compliance seriously not only safeguards your business but also fosters trust and credibility with employees, customers, and stakeholders.

  • GST/HST reporting, including proper recognition of zero-rated and exempt services
  • WSIB payments and reporting
  • Source deduction payment and remittences
  • Corporate tax installments
  • Business licence renewals
  • EI exemptions
  • Policies, procedures and controls
  • Data compliance
  • Privacy and security

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Payroll and HR Services

We cover calculating employee salaries, deductions, handling taxes, benefits, and other payroll-related compliance requirements

We provide fast, efficient, and virtual payroll processing services to ensure that your business meets all of its obligations accurately and on time. We ensure the correct calculation of deductions and remittances to government agencies to avoid penalties and late fees, ensuring that your employees and your business remain problem-free.

Our services extend beyond payroll compliance to comprehensive human resources management. We understand that business owners are busy, and keeping up with the necessary paperwork and documentation can be challenging. With expertise in a wide range of HR topics, we can guide you through processes and people management, ensuring your business operates smoothly and efficiently.

  • Payroll services including T4 and ROE preparation
  • Issuing cheques and direct deposit for employees
  • Oversee payroll taxes, including tracking amounts and, preparing remittances, and submitting payments
  • Employee time tracking or integration with your existing tracking system
  • Tracking, reporting, and consultation for personal emergency days, holiday pay, stat pay
  • Keeping employee records, storing HR files
  • Employment letters, termination letters, and other similar communications
  • Management & Hiring Staff
  • Payroll reporting
  • Management, implementation of Private Health Services Plan (PHSP)

Require a service that isn’t listed above?

Financial Controller Services

Your part-time accountant

With over 20 years of experience in corporate accounting, our experience is extensive. Whether engaged for a specific project or ongoing operational analysis, we are equipped to support your growing business needs. Partnering with WBS is like having your own dedicated Controller, fully invested in your success. We are committed to helping you navigate daily challenges with confidence, providing the insights and solutions to help your business thrive.

  • Management Reporting and Financial Analysis
  • Budgeting, Planning and Variance analysis
  • Financing and Cash Flow Management
  • Custom KPI dashboards and reporting
  • Financial Modelling
  • Year end review and preparation, Working Papers
  • Policy development, implement controls
  • Preparation of Business Plans
  • Business Valuations
  • Accounting Systems Consultation & Setup

Require a service that isn’t listed above?