Financial Accounting Services for Canadian Businesses
Financial statements, tax compliance, and reporting built on accurate books, whether your business is run in person, remotely, or a mix of both
Bookkeeping keeps a running record of transactions. Financial accounting takes that record and turns it into financial statements, tax filings, and the analysis a business actually uses to make decisions: whether it can afford to hire, whether a new location makes sense, or whether it is ready for a bank or investor to look at its books.
Corporations in Canada must file a T2 income tax return within six months of their fiscal year-end, regardless of whether the corporation owes tax or was inactive for the year. Getting the return right depends on the accounting behind it being accurate throughout the year, not assembled at the deadline.
We provide financial accounting for small businesses, SMEs, and corporations across Canada, working in person from our Fraser Valley office or fully remotely with clients elsewhere in the country.
What Our Financial Accounting Services Include
Financial Statements and Reporting
Preparation of financial statements, general ledger management, and audit-ready records aligned with current accounting standards.
Tax Planning and Compliance
T2 corporate tax return preparation and filing, GST/HST filing, and tax planning aimed at minimizing what you owe within the rules.
Advisory and Growth Support
Cash flow management, financial forecasting, and analysis to support decisions like expansion, restructuring, or bringing on investment.
Delivered However You Work Best
For businesses that prefer working with an accountant in person, we handle everything from day-to-day bookkeeping through to year-end financial statements and corporate tax filing, with the same team involved throughout so nothing gets lost between bookkeeping and accounting.
Cloud-based accounting means your financial statements, reports, and tax documents are accessible from any device, which is how we support clients outside the Fraser Valley, including in Alberta, Manitoba, Saskatchewan, and Ontario, largely healthcare professionals whose practices we support remotely. The accounting and compliance work is identical to what we do in person, just delivered without an office visit.
We are certified in QuickBooks Online and Xero, and also work in Sage 50, so your financial data stays organized and accessible regardless of which platform your business already uses or is switching to.
Why Businesses Work With Ghumans for Financial Accounting
Accuracy and Timeliness
Financial statements, tax filings, and reports prepared correctly and delivered on schedule, not assembled under deadline pressure.
Regulatory Compliance
Records kept in line with current CRA requirements and accounting standards, so you are not caught off guard by a rule change.
Audit Readiness
Financial records organized throughout the year so an internal or external audit does not mean scrambling to reconstruct history.
Cost Savings
Access to a full accounting team without the overhead of an in-house department, and fewer errors that turn into late-filing penalties.
One Point of Contact
The same team handles your bookkeeping and your accounting, so nothing gets lost in a handoff between separate providers.
Scales With Your Business
Support that grows from a single self-employed filer to a multi-entity corporation, without switching firms partway through.
Frequently Asked Questions
What is the difference between bookkeeping and financial accounting?
Bookkeeping is the ongoing record of transactions. Financial accounting uses that record to prepare financial statements, file corporate and sales tax returns, and support business decisions. See our bookkeeping services page for the bookkeeping side of this.
When is a corporate tax return due in Canada?
A T2 corporate income tax return is due within six months of the corporation’s fiscal year-end, whether or not tax is owed or the corporation was inactive for the year.
Do you work with businesses outside British Columbia?
Yes. Alongside our Fraser Valley clients, we work remotely with businesses and individuals in Alberta, Manitoba, Saskatchewan, and Ontario, largely healthcare professionals.
Can you set up or switch our accounting software?
Yes. We are certified in QuickBooks Online and Xero, and also work in Sage 50, and can help migrate your records if you are switching platforms.
Do you handle GST/HST filing as part of financial accounting?
Yes. GST/HST filing is included alongside financial statement preparation and corporate tax filing rather than treated as a separate, disconnected task.
Is financial accounting only for larger corporations?
No. We provide financial accounting for self-employed individuals, small businesses, SMEs, and corporations, with the scope of service matched to what the business actually needs.
GET A QUOTE FOR STANDARD PRICE
Top-Quality and Budget-Friendly Bookkeeping Tailored to Your Needs
SILVER
For self-employed and freelancers, we handle all your tax issues and take care of the tasks you dread, so you don’t have to.
GOLD
For SMEs and mid-sized businesses, we provide quality accounting services that add real value to your company.
DIAMOND
Offering personalized solutions because your success is our priority. Just give us a call, and we’ll handle the rest