Bestax prepares monthly and quarterly financial reports that show your profit, cash and position, so you can decide with accurate numbers.
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Trusted by businesses across Canada to stay compliant, organized and financially confident.
FINANCIAL REPORTING SERVICES
Late or confusing reports leave you guessing about your own business.
Bestax closes your books each period and turns the data into reports you can act on. Our reports align with Canadian accounting frameworks such as ASPE, maintained by FRAS Canada. You receive each report as a PDF plus access to an online dashboard. Every figure traces back to a reconciled account in your books.
YOUR REPORTING PACKAGE
Each reporting package is built from your reconciled records. Here is what lands in your inbox every cycle.
You see revenue, costs, and margins for the period and the year to date. We compare results against prior periods so trends are visible. We flag and explain unusual movements in the commentary.
Your assets, liabilities and equity are presented at each period end. Bank balances match completed reconciliations from our bookkeeping and accounting service. You see exactly what the business owns and owes.
We show where cash came from and where it went. You spot collection gaps and spending patterns before they become problems. This view supports payment planning and borrowing decisions.
We define KPIs with you during onboarding and track them every cycle. Margins, receivable days, and revenue per client are common starting points. You can adjust the KPI set as your business evolves.
Numbers alone rarely tell the full story. Each package includes short commentary on what changed and why it matters. Read the summary first, then dig into the statements as needed.
You choose the cycle during onboarding and can change it later in writing. Both cycles follow the same close, review, and delivery process.
Monthly reporting suits businesses that closely manage cash, inventory, or payroll.
Quarterly financial reporting suits stable businesses that want oversight at a lower cost.
Owners and managers need more than statements built for filing. Our management reporting adds budget comparisons, department views, and custom breakdowns you request. You use these reports in board meetings, bank discussions, and planning sessions. Lenders and investors receive structured numbers instead of exported spreadsheets.
We prepare financial statements your accountant, bank, or the CRA can rely on. Statements feed directly into your T2 corporate tax filing with no rework. Records behind? Our backlog accounting service rebuilds past periods first so statements rest on complete books. If an audit is required, our audit and assurance team works from the same verified file.
You share your goals, software, and current reporting gaps. We agree on the cycle, the KPIs, and the delivery datea.
We confirm the deliverables, schedule, and fee in writing. Nothing starts until you approve.
We work inside your accounting file or set up software if needed. Clean, reconciled books come first because reports are only as good as the records.
We complete reconciliations, post adjustments, and close the period. A senior accountant reviews the file before issuing any report.
You receive the PDF package and dashboard access on the agreed date. We walk you through the results in plain language on a short call.
After the first cycle, we adjust formats and KPIs based on your feedback. Your reports keep improving as your needs change.
WHY BESTAX
For reporting tips, deadline reminders, and CRA updates, visit the Bestax blog.
We don't issue a report until reconciliations are complete. Every number traces to a documented entry.
A preparer closes the period, and a senior accountant checks the file. Errors are caught before you ever see them.
You agree on your reporting date in writing during onboarding. You plan meetings around numbers that actually arrive.
The same firm handles your GST/HST returns and corporate taxes. Your filings and reports never contradict each other.
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Each package includes a profit and loss statement, balance sheet, cash flow summary, and KPIs. Plain language commentary explains what changed and why. You also get dashboard access alongside the PDF.
Yes. You pick the cycle during onboarding based on your needs and budget. You can change the cycle later with a written scope update.
Yes. We prepare reports aligned with Canadian frameworks such as ASPE. Structure, timeliness, and accuracy follow the standards regulators and lenders expect.
Yes. We define your KPI set together during onboarding. You can add, remove, or change KPIs as your business evolves.
Reports must rest on reconciled books, so clean records come first. We can work with your existing bookkeeper or manage the books ourselves. Either way, a senior reviews the file before reporting.
You receive a PDF package plus access to an online dashboard. A walkthrough call explains the results after each delivery.
Yes. We prepare structured financial statements suited to lenders, investors, and the CRA. The same verified file supports your tax filings and audits.
Book an online consultation, call +1 416 991 0900, or email info@bestax.ca. We confirm your cycle, KPIs, and fee in writing before work begins.
