Adsum Accounting & Bookkeeping
provides a wide range of personalized, quality services to the individual and
small business clients:
Accounting
Accounting
system setup for new businesses.
Applying
appropriate accounting standards for company’s business activities.
Implementation
accounting policies and procedures established by company’s owner.
Administration
accounting system, performing general ledger maintenance.
Part-time
Controllership / CFO.
Assistance in
the recognition revenue for providing services to the customers.
Applying
methods of amortization and calculation monthly / annual depreciation.
Recording
short-term investments in debt securities, valuation of bonds and financial
leases.
Development of
a payroll system, maintaining employee records, preparation payrolls,
benefits, commissions, tax remittances and annual T4 Forms in a timely
manner.
Support in the
administration intergovernmental cost sharing agreements, grants and
subsidies.
Assistance in
the preparation of financial statements; tracing account balances to source
documents for audit / review. *
*Adsum Accounting &
Bookkeeping can assist in the preparation of financial statements in accordance
with professional standards, but express no opinion or any other form of
assurance on the underlying information included in them.
Bookkeeping (Monthly / Quarterly / Annual)
Maintaining complete sets of
books and account balances using manual and computerized bookkeeping
systems.
Keeping and filing financial
records.
Posting journal
entries.
Accurate processing of
invoices, bills, fees, credit card payments, and cash.
Accounts Payable and
Accounts Receivable reconciliation.
Preparation cheques for
payrolls and for utility, tax and other bills.
Preparation
trial balance of books, financial, accounting and statistical reports.
Personal
Income Tax preparation
Identifying tax
planning opportunities that minimize both clients’ current and future tax
liabilities.
Personal tax
returns preparation.
Adsum Accounting & Bookkeeping
provides a wide range of personalized, quality services to the individual and
small business clients:
Accounting
Accounting
system setup for new businesses.
Applying
appropriate accounting standards for company’s business activities.
Implementation
accounting policies and procedures established by company’s owner.
Administration
accounting system, performing general ledger maintenance.
Part-time
Controllership / CFO.
Assistance in
the recognition revenue for providing services to the customers.
Applying methods
of amortization and calculation monthly / annual depreciation.
Recording
short-term investments in debt securities, valuation of bonds and financial
leases.
Development of a
payroll system, maintaining employee records, preparation payrolls, benefits,
commissions, tax remittances and annual T4 Forms in a timely manner.
Support in the
administration intergovernmental cost sharing agreements, grants and
subsidies.
Assistance in
the preparation of financial statements; tracing account balances to source
documents for audit / review. *
*Adsum Accounting &
Bookkeeping can assist in the preparation of financial statements in accordance
with professional standards, but express no opinion or any other form of
assurance on the underlying information included in them.
Bookkeeping
(Monthly / Quarterly / Annual)
Maintaining complete sets of
books and account balances using manual and computerized bookkeeping systems.
Keeping and filing financial
records.
Posting journal
entries.
Accurate processing of
invoices, bills, fees, credit card payments, and cash.
Accounts Payable and Accounts
Receivable reconciliation.
Preparation cheques for
payrolls and for utility, tax and other bills.
Preparation
trial balance of books, financial, accounting and statistical reports.
Personal
Income Tax preparation
Identifying tax
planning opportunities that minimize both clients’ current and future tax
liabilities.
Personal tax
returns preparation.
Performing other
personal bookkeeping services.
Consulting
Accounting
software selection and implementation.
Business
start-up or expansion.
Business process
improvement.
Employee benefit
plans.
Business plan in
a format acceptable to banks, lending institutions, government financing
and/or funding agencies.
Market studies
and research for European trade (Estonia, Russia) such as retail and wholesale
prices, the most suitable logistic channels, information on product
manufacturers and service providers, export and import tariffs clearance,
taxation, etc.
