Other Services

Other Business Services:

Smartax provides a wide range of business services. To learn how Smartax can help your business, please select the link below:

Accounts Receivable

Accounts Payable

Payroll Processing

Accounts Receivable is the accounting process of dealing with invoicing customers and recording sales transactions. While booking a receivable is rather straight forward accounting transaction, the process of maintaining and collecting payments can be a complicated and time consuming activity. Depending on the industry, customer payments can be received up to 10 - 15 days after the due date.

We assist our clients with preparing customer invoices and applying payments. We review AR aging reports on a regular basis and can help you with following up with customers for payments. Depending on the industry, we can prepare monthly customer statements and calculate interest charges.

The benefit to you is knowing that all your sales are recorded and that customer are being contacted to collect outstanding payments. Accelerating your cash flow allows you to make better informed and timely decisions around your business finances.

Accounts Payable is an account that tracks unpaid bills to vendors or suppliers. Expense administration is usually included with accounts payable and includes the review and processing of employee expense reports for travel, meals, telephone, and other expenses.

Our bookkeepers watch for fraudulent invoices and are familiar with sales tax calculations to maximize your GST input tax credits. We enter your bills and credit card charges, print cheques based on due dates, and answer vendor queries. Staff are trained to search the accounting system for duplicate invoices and to reconcile your supplier statements.

The benefit to you is knowing that you are not being double charged by suppliers, better cash management, having a record of all expenses to help you with budgeting and cost control.

It is our business to keep up on the ever-changing tax rules and regulations so that you don't have to. Our payroll experts have the specialized training to manage your payroll, large or small, to ensure that your business is complying with all payroll tax obligations.

When you choose Smartax you are trusting your payroll to a team of experts. We will ensure that your payroll is processed accurately, efficiently and on time, every time. NO WORRIES, HASSLE FREE

We handle weekly, bi-weekly, or semi-monthly payroll based on your companies preferences. We assist with commission payout calculations and handle all year end payroll processing including issuing T4 or T4A.

Basic payroll package includes: pay statements, payroll reports, pay cheques or direct deposit, record of employment forms (ROE), government remittance services (TD7A), garnishee cheques, tax forms and T4/T4A processing.