Financial reporting is the measurement, processing, and communication of financial information about the business to various users including management, creditors, CRA and/or the provincial government. An accountant creates reports and ensures the transactions are coded to the correct accounts and the financial transactions are in balance.

Accounting is the recording of financial transactions such as purchases, sales, receipts, and payments and is an important part of the accounting process in business. CRA expects business owners will report income and expenses accurately on tax forms with records/backup available to support all claims. Timely, accurate accounting ensures CRA requirements are followed.

If you're looking for an accountant, DMCere Tax & Accounting Services CPA is the only name you can rely on. We provide accounting services in Lyndhurst, ON. When it comes to small business accounting, no one can approach our level of accuracy. With our accounting services, we know you'll be more than happy with the results.