An accountant is a key member of a team in any mid-size business. Accountants provide valuable analysis and insight into financial statements, forecasts, and planning to drive a business forward.
Accounting services for medium-sized businesses face unique challenges. They must be robust and comprehensive to handle extensive payroll processing, accounts payable, and accounts receivable. Still, there may not be resources for hiring an entire internal accounting team or using accounting software meant for large corporations.
Accountor CPA offers accounting systems for medium-sized business to minimize risk, provide financial and tax advice, and maintain organized and accurate financial records. How could our mid-size accounting firm services simplify your business operations?
The Best Accounting Software for Medium-Sized Businesses
When choosing accounting software for a mid-size business, there are many factors to consider. What will you use the tools for? Do you need cross-app integration? How will your company grow - is the software scalable to meet your business’ changing revenues and clients?
Most mid-size companies have specific accounts, payments, invoices, payroll, and tax planning needs. Therefore, when researching accounting software, always look for usability and features that mean the most to your business.
Some of the most popular cloud-based accounting software include:
- QBO (QuickBooks Online)
- Sage 50
- AccountEdge Pro
- Receipt Bank
Each accounting software type comes with its own unique set of features scaled towards mid-size businesses. Some are dedicated strictly to accounting, invoices, and accounts receivable. Some programs work to organize expenses. Some are payment processors or payroll processors. Before choosing accounting online services for your mid-size business, you must establish your needs to determine which programs provide the comprehensiveness your business requires.
A medium-sized firm needs to choose the right software from the start. You should always choose accounting software with the help of a CPA (Chartered Professional Accountant), as they can offer advice and recommendations about which software has the features that will most benefit your enterprise.
At Accountor CPA, we provide recommendations and consult with mid-size companies across Canada to help them select the cloud-based accounting system suitable for their business.
Accounting Packages for Medium-Sized Businesses
At Accountor CPA, we are dedicated to providing firms across Canada with the best customized cloud accounting services for mid-size businesses. Whatever your medium-sized business needs, we have scalable accounting packages that suit you.
Some of the services in our accounting packages for mid-sized business include:
- Accounting software setup and maintenance;
- Bookkeeping and financial reporting;
- Managing and forecasting cash flow;
- Preparing and filing all relevant income tax documents;
- Mid-size business tax planning and strategizing;
- GST/HST preparation and filing;
- Income and capital tax minimization;
- Full tax compliance;
- Salary vs. dividend consideration;
- Preparing annual statements of accounts;
- Financial statement compilation;
- Notice to Reader financial statements;
- Audit Engagements;
- Review Engagements;
- Management consulting;
- Outsourced CFO services;
- Liaise with Canada Revenue Agency to manage audits;
- Financial advising;
- Payroll services and HR management.
Mid-Size Accounting Firms Serving Vancouver & Toronto
Choosing a mid-sized accounting firm in Canada, whether you live in a large city like Vancouver or Toronto or a rural area, comes with many challenges.
Accounting agencies that are too large often do not give small or mid-tier clients enough attention and time, leading to errors and missed opportunities. When a big accounting firm misses details in a mid-size company's books, the business can lose thousands or tens of thousands of dollars. Smaller accounting agencies often struggle with balancing different types of businesses and can be overwhelmed by the details in the records and documents of a mid-size company in Vancouver or Toronto. This can lead to issues such as the firm requesting you change accounting software mid-year or having inconsistencies in your books.
The best way to ensure your business gets the attention it needs and experienced accountants is to choose a mid-sized accounting firm. When looking at a medium-size accounting firm list, ensure you choose a firm that has operations in many cities or, even better, a mid-size accounting firm in Canada that operates coast to coast.
Accountor CPA and other virtual accounting firms can handle accounting for businesses as they grow or open locations across the country. Choosing a mid-size accounting firm in Toronto that can accommodate your business as it expands to Vancouver, Calgary, or Montreal is the best way to ensure your long-term success.
Benefits of Working With a Mid-Size Accounting Firm
Accounting for a mid-size business is centred on finding ways to grow the business year after year. The right accounting services will discover innovative ways to grow your company and focus on long-term strategy and planning.
At Accountor CPA, we have experience working with mid-size businesses across industries and understand the critical role of accounting, bookkeeping, and tax planning in your bottom line. We provide advice and strategies personalized for your business to enhance its growth.
The team of CPAs at our mid-size accounting firm in Canada work seamlessly as a member of your team throughout the year to help you retain control of your financial well-being.
Maintain up-to-date records and financial statements
Business expenses, payroll, accounts receivable, and revenue are just some of the financial exchanges that need regular tracking to stay organized. Accounting software and services for mid-size businesses can ensure your financial documents and statements are organized and reported on regularly.
Easily manage cash flow
With simplified financial record keeping comes an easily managed cash flow. You can have better flexibility in cash flow to take advantage of opportunities, like hiring new staff or expanding your assets, when they arise or handle unexpected expenses smoothly.
Get the latest in cloud-based mid-size business accounting software
We consult with you about the features you need and provide advice about what software could best grow your business. We set it up, customize it for your needs, and ensure it is always updated with up-to-date technology and information.
Keep an eye on unnecessary costs
Mid-size businesses often grow quickly, and unnecessary expenses can be overlooked without detailed financial reporting and accounting. An accountant for mid-size business can find costs that can be minimized to make a big difference to your cash flow, investments, and bottom line.
A stress-free year-end
At year-end, a medium-sized business has many responsibilities. Irregular accounting and finances can make this time of year chaotic for owners and employees. A mid-size business accountant takes the stress off your hands to simplify your year-end processes.
A small error or missed document can lead to hefty penalties and disastrous consequences. Get the peace of mind that comes with having a midsize business accounting firm handling your deadlines and filings.
Make informed business decisions
Never get caught by surprise with an opportunity. Know the financial benefits and risks of any new business venture or investment and make decisions that drive growth.
Get trusted advice
Whether for minimizing expenses, simplifying workflow processes, or tax planning, a mid-size accounting firm can provide timely and clear advice to grow your bottom line.
Take advantage of all the benefits to your midsize firm by working with Accountor CPA. How can our cloud-based accounting services take your midsize business to the next level? Let’s start with a free consultation.
Mid-Tier Accounting Firms in Toronto & Beyond
Whether you are looking for a mid-size accounting firm in Toronto to handle your growing business, or mid-market accounting software to use internally, Accountor CPA can help.
As a virtual mid-size accounting firm, we work with clients of all sizes in Vancouver, Calgary, Toronto, and across Canada. We can help your thriving business choose the right accounting software, organize your bookkeeping and accounting, and help you grow your company.
Contact us today to learn more about our mid-size business accounting services.