Personal attention. Professional financial support.
Professional bookkeeping and financial administration services for businesses of all sizes and across all industries throughout Canada, with experience supporting U.S. entities as well. MGY Financial Services helps business owners keep their financial records organized, manage day-to-day accounting tasks, and spend more time focusing on running and growing their businesses. We understand that managing the financial side of a business can take valuable time away from daily operations. Our goal is to provide dependable, organized, and approachable support that helps business owners maintain better control of their financial records. We believe in clear communication, attention to detail, and building working relationships based on trust.
Practical financial support for your business.
Every business has different financial administration needs. MGY Financial Services offers ongoing bookkeeping and individual services that can be tailored to your operations.
Final scope and pricing are confirmed with you directly based on your specific needs.
Monthly Bookkeeping
Our primary, all-inclusive bookkeeping service keeps your business finances organized with consistent monthly support. We help maintain accurate financial records, categorize transactions, and keep your books up to date. This typically includes recording and categorizing transactions, maintaining your general ledger, and preparing monthly financial reports so you always have a clear picture of your business.
- Recording and categorizing transactions
- Organizing bookkeeping and general ledger records
- Reviewing income and expenses
- Monthly updates and organized financial information
Accounts Payable
Keep vendor invoices and outgoing payments organized with support for processing invoices, maintaining bills and payment schedules, tracking outstanding payables, and organizing payment information and payable records. This includes organizing vendor invoices, scheduling payments, and maintaining clear vendor records.
Accounts Receivable
Support for tracking customer balances, incoming payments and outstanding receivables, with organized records for follow-up. This includes preparing invoices, tracking incoming payments, monitoring customer balances, and following up on outstanding amounts.
Payroll Administration
Payroll administration support tailored to your business's payroll needs. We review the required tasks and scope with you before confirming pricing. This can include payroll calculations, remittances, maintaining payroll records, and support with year-end requirements.
Bank Reconciliations
Support for comparing bank activity with bookkeeping records and identifying differences that need attention. This includes comparing bank and credit card activity against your records, identifying discrepancies, and keeping your financial records current.
Government Filings
Support organizing records and preparing government filing information based on your business requirements. This may include HST, GST, PST, QST, WSIB, EHT, and T2 filings, including organizing relevant transactions, preparing summaries, and supporting timely submission.
Any tax on MGY's services depends on applicable tax treatment and registration status. Not every quotation is necessarily taxable. Your personalized quotation will set out the applicable treatment.
A conversation is a good place to start.
Tell us what needs attention. We'll discuss the support that makes sense for your business.