Services
Bookkeeping
Accurate bookkeeping and account reconciliation is essential for any business. This ensures that your financial records are up to date, aligned with your actual transactions. Reducing fraud and giving owners a clear picture of their financial situation monthly. All our monthly services include bookkeeping which will ensure your business is ready and prepared to file taxes at the end of the year.
AP & AR Services
Effective management of AP & AR is crucial to maintaining a healthy cash flow. Fraction Consulting will help you avoid late fees and preserve vendor relationships, while staying on top of customer invoices and reducing risk of overdue receivables. We offer paperless bill management for payables and invoice issuance and payment collection follow up for your receivables.
Payroll Management
Proper payroll processing ensures businesses avoid costly mistakes, such as tax penalties or errors in compensation. Paying your employees correctly is crucial for maintaining trust and moral, mistakes can lead to frustration, disengagement, and even legal disputes. We offer electronic bi-weekly or semi-monthly pay runs, year-end T4 preparations, new hire and termination services as well as compliance support for government regulations.
Financial Controllership
As a business grows, so does the financial risk and complexity. It is common for businesses to feel overwhelmed as you try to use your financial statements to guide your strategy. Fraction Consulting offers a wide range of financial controllership services which can be tailored to the individual needs of your business. From budgeting, forecasting, strategic planning, stakeholder reporting, insurance coverage review and addressing accounting issues we can be with you every step of the way as you work to achieve your goals.
Tax Prep
Tax time can be stressful for any business, with proper bookkeeping services your business will be ready at tax time to submit to your tax preparer. Fraction Consulting can offer year end prep and liaison with your CPA before submitting your year-end audit or review management. Fraction consulting can assist with GST reporting and filing. We also specialize in and can process your personal tax returns including returns which include small business/sole proprietorships.
Additional Services
Specializing in small businesses and Not-For-Profits, Fraction Consulting can also offer a wide range of ad-hoc services to clients. Some of these services include:
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Quick books Set Up
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Bookkeeping cleanups
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Grant writing/proposals
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AGLC compliance and financial reporting
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Filing services with Service Alberta, corporate registry
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Societies financial reporting
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