Gain maximum flexibility when it comes to managing your small business’s finances by using cloud-based accounting services.

Cloud accounting makes it easy for SMEs and small businesses to keep track of financial data, expense reports, and budgets from anywhere, at any time. With this system, you can review and monitor your company’s performance in real time and make informed decisions about future growth.

The beauty of cloud accounting is that it eliminates the need for manual data entry, reducing the likelihood of errors and saving you time. The software is fully accessible online, meaning you don’t need to install any hardware or programs. It also allows for multiple users to collaborate seamlessly, sharing information with managers, employees, or financial advisors.

Lastly, using cloud-based accounting ensures your data is safe and regularly updated. You won’t need to worry about the security or backup of your data, as it is stored remotely and protected.

Online accounting offers essential support for small businesses by helping you stay organized and offering advice to make informed decisions that promote growth and innovation.

Our team of skilled CPAs (Certified Public Accountants) works seamlessly as part of your team throughout the year, not just at tax time, ensuring you have more control over your business and valuable time.

• Maintain accurate records and financial statements
  Keeping track of income, expenses, and payroll is critical for maintaining order in your finances. A dedicated small business accountant ensures all key documents are regularly updated, allowing you to save time and focus on other areas of your business.
• Effectively manage cash flow
  Prepare for large expenses like business expansion or new hires by staying on top of your cash flow. Regular updates to your financial records mean you’ll always know where your money is going, preventing surprises.
• Advanced accounting software
  We consult with you to determine the best accounting software for your needs, handle its setup, and customize it to ensure your business runs smoothly.
• Simplified year-end process
  Year-end accounting can be stressful if your books aren’t organized. A small business accountant manages your finances all year long, making tax filing and compliance much easier and stress-free.
• Eliminate unnecessary expenses
  Spotting hidden or unnecessary costs can be challenging, but an accountant helps identify these and ensures you’re making better financial decisions to boost your returns.
• Stay on top of payments and invoices
  Managing bills and payments is vital for keeping healthy business relationships. A small business accountant makes sure you’re never behind on payments, even when things get busy.
• Reduce risks
  Misplacing important documents or overlooking tax deadlines can harm your business. An accountant helps you mitigate these risks by keeping everything organized and ensuring compliance.

Make Smart Business Decisions with Data-Driven Insights

It’s important to understand the financial impact of decisions such as relocating, hiring new staff, or purchasing equipment. Our Certified Public Accountants (CPAs) provide more than just basic accounting; they offer personalized solutions backed by financial data and analysis. Many CEOs and managers across Canada trust us to help them make informed decisions.

Focus on running your business, and let us handle your accounting needs.

The cost of hiring an accountant for SMEs and small businesses can vary depending on the company, industry, and services needed. Some businesses only require minimal accounting support and might not have the budget for an in-house accountant. On the other hand, growing companies may find that their financial needs surpass what one person can manage but may lack the resources to build an entire department.

Virtual accountants offer a flexible, cost-effective solution. Whether you’re a new business with basic accounting needs or an established one looking for in-depth services, you can rely on our expert team. Our customizable and scalable online accounting solutions can save you money while giving you access to a full range of services and expert guidance.

Flexible Accounting Packages for SMEs and Small Businesses

Having a sound accounting plan helps businesses boost revenue, manage expenses, make better financial decisions, and grow efficiently. On the contrary, businesses that don’t maintain well-organized books face challenges when it comes to planning and management.

However, most small businesses don’t have the resources or time to manage accounting on their own and often cannot afford a full-time in-house accountant. That’s where we come in.

At Ghumans, we specialize in offering tailored cloud accounting services for SMEs across Canada. Whether you need support for specific financial tasks or a full range of accounting services, we have packages to suit your needs. Our scalable options make it easy to pick the level of support that’s right for your business, helping you stay on top of your finances.

Some of the services we offer include:

• Bookkeeping and financial reporting
• Payroll management
• Tax compliance and minimization strategies
• Business and financial planning support
• Risk management

• Financial advising
• Cash flow management and forecasting
• Employee and HR management
• Tax planning and strategic advice
• Support with mergers, expansions, and corporate restructuring
• Debt management
• Full tax compliance
• Liaison with the Canada Revenue Agency
• Preparation for and management of audits

It also discusses the benefits of hiring a virtual accountant for SMEs, emphasizing that if a business owner spends excessive time on tasks like payroll, tax preparation, and bookkeeping, hiring an accountant could save time and provide better financial insights. A virtual accountant can help streamline finances, improve cash flow, and aid in making informed financial decisions, ultimately helping the business grow more efficiently.

The text concludes by suggesting that businesses consider online accounting services to elevate their operations and offers a free consultation to get started.