OUR APPROACH
At Supportancy, accountability and innovation are at the core of everything we do. We believe in delivering transparent, high-quality accounting services that exceed expectations and drive success for our clients.
Our Vision
We hope one day to be the technology-driven leader in the accounting industry, constantly innovating and pushing the boundaries of what's possible. By leveraging data analytics, process automation, and other advanced tools, we aim to provide our clients with the insights and solutions they need to thrive, and cannot find anywhere else.
Our Mission
To provide business owners with the guidance that goes beyond traditional bookkeeping, by leveraging efficient processes, technology, and visionary thinking, to help achieve their financial goals.
How We Operate
Supportancy Accounting is a Toronto based accounting firm creating value for businesses across North America. Our formulas is to deploy, enhance, and nurture information exchange pipelines that provide organizations with the key decision making intelligence in an ever changing landscape.
Get in touch today to entrust our team with your finances.
Monthly Support Package
Day 20-30 of the Previous Month
We start preparing in advance for the month-end close to maximize efficiency
Document Collection:
We gather resource documents from your operations team, including inventory workbooks, receipts, bills, and invoices, along with other ad-hoc items affecting profit margins.
Follow-Up Discussion:
We liaise with your management and operations team to address pending issues such as new transactions, missing routine transactions, and any noticeable variances.
Monthly Cashflow Review
In the monthly cashflow review meetings (optional), we align on upcoming payables, address business challenges, and discuss any other relevant matters. (Optional - 30 mins):
Days 1-2 of the Current Month
Although financial information is still being wrapped up, we can leverage other informational dashboards such as CRMs and payment processors to provide data outputs on the operational side of the business
As part of our monthly financial review process, you will receive the month-end financials package for analysis and review. We also align on upcoming payables for the short term, review any flags or challenges the business may be facing, and address any other ad-hoc communication that may arise.
Day 5 of the Current Month
Day 15 of the Current Month
Quarterly Budget meeting held (if required for this month) to discuss desired goals and how they can be achieved
Day 20 of the Current Month
Sales Taxes are filed if required for this month (monthly, quarterly, or annual filer)
Payroll Services
Our payroll service simplifies payroll management, ensuring accurate calculations and timely processing of employee payments. Let us handle your payroll needs, allowing you to focus on growing your business.
Information Collection and Validation
We finalize and validate all necessary details provided by your business’s managerial and operational teams, including timesheets, new hire data, rate adjustments, employee terminations, and bank changes. Accurate information is crucial for proper payroll processing.
Payroll Calculation and Workbook Approval
Once we gather all required information, we compile and submit information workbooks for your approval. Upon approval, we calculate the payroll, accounting for gross pay, overtime, bonuses, and deductions, ensuring compliance with company policies and legal standards.
Final Approval and Submission
The completed payroll document is submitted to management for final review and approval. This step confirms that all payments are accurate and authorized, maintaining transparency and ensuring timely payment distribution.
Day 2 After Payroll Period Ends
Funds withdrawn from bank and Remittance for payroll deductions to appropriate government agencies completed
We process the approved payroll by management
Day 3 After Payroll Period End
Day 5 After Payroll Period Ends
Employees are paid
Top Questions
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We navigate our clients and take responsibility of the changeover from the previous accounting over to ours. We provide you with checklists of what we require, and continue to check in during the onboarding process. We complete checks for CRA compliance, and continue to analyze the financials for any variances that may lead to clues of unresolved items.
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We guarantee that your first month’s financials are presented to you within 10 days after onboarding, otherwise we credit back 50% of the first month’s service fee.
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We ensure our services are like having a full accounting and finance department in house. We make ourselves immediately available through emails and direct messaging to all our clients 24/7. In addition we are happy to hop on ad-hoc or weekly phone or video calls to discuss any issues that may be more complex in nature. This is all built into the monthly services fee to ensure our clients have the feeling of an in-house accounting team at a fraction of the cost.
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Trust is built over time, however we hope that with quality service, professional skepticism, and thorough communication, we can build the upmost level of trust with our clients. We try to build it from day one by flagging any issues immediately, and discussing areas of on-going focus through our multiple monthly video meetings.
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Try out our complimentary financial review, break even and sensitivity analysis, operational KPI dashboard, and strategic analysis absolutely free to have that question answered.