Optimizing financial operations for an AI consulting company
About The Company
The Opportunity
- Set up QuickBooks online
- Bring bookkeeping up to date
- Ensure compliance with GST/QST returns
- Provide support during the year-end close process
The Solution
Janine initiated the transformation by setting up QuickBooks Online, a cloud-based accounting solution. This platform allowed real-time financial management and collaboration, aligning perfectly with the client’s forward-thinking approach.
The client’s bookkeeping needed to catch up, leading to inaccuracies and inefficiencies. Janine meticulously reviewed their financial records, reconciled accounts, and organized transactions, bringing their books up to date. It gave the client an accurate economic history to make informed decisions.
Compliance with Canadian tax regulations, including the Goods and Services Tax (GST) and Quebec Sales Tax (QST), was essential. Janine’s expertise in Quebec accounting rules ensured accurate GST/QST returns filing, minimizing the risk of penalties and ensuring the company’s financial integrity.
Janine was pivotal in the year-end close process, ensuring that financial statements were prepared accurately and by accounting standards. Her meticulous work facilitated a smooth transition into the new fiscal year, empowering the client with clear financial insights.
The Impact
QuickBooks Online setup transformed financial management, allowing the client to make real-time decisions and collaborate seamlessly.
Catching up on bookkeeping provided the client with accurate historical financial data and enabled them to plan and strategize effectively.
Janine's expertise in GST/QST returns filing ensured compliance with Canadian tax regulations, safeguarding the client from potential penalties.
The year-end close process was smooth and efficient, allowing the AI Consulting Company to start the new fiscal year on solid financial ground.
