Online bookkeeping and accounting service is the practice of maintaining accounts receivable and accounts payable, reconciling financial statements with bank statements, analyzing cash flow, rearranging invoices, and many more. Basically, the bookkeeper is required to summarize your company’s operations and organize financial reports on a regular basis.

Whether you run a startup or a large-scale organization, it is always crucial to have a CFO by your side. A CFO or Chief Financial Officer provides valuable insights into a company's financial performance – identifying areas where any improvements are required or making recommendations for growth. However, hiring a CFO internally can be expensive, therefore, it is advisable to avail of CFO services from a trusted accounting firm like CJCPA.

For small businesses, a bookkeeper maintains up-to-date records of the company's financial transactions and keeps track of all invoices and payments. Moreover, they ensure that all the transactions are recorded in a timely and accurate manner.

The two different types of payroll solutions are Outsourced Payroll Solutions and In-House Payroll Solutions. An in-house payroll solution is suitable for small businesses as the function of the payroll process is handled by its staff and employees. While in an Outsourced payroll system, an organization outsources its payroll function to a third-party payroll company.

The CRA audit involves a close examination of the books and records of your organization to identify and inspect unreported income, benefit returns, payroll records, excise duty, or any issue with your tax return.

Cloud Accounting is a cloud-based accounting and financial management system that helps organizations manage their finances. It allows you to access all your business documents from anywhere. The benefits of cloud accounting are multi-user access, data security, and ease of tax compliance, automation and accuracy.