How It Works

Many new clients are concerned about making the transition from one bookkeeper or accountant to Focused Bookkeeping. They want to know how it works.

Based on the unique needs of your business, Focused assigns a dedicated team of bookkeepers, staff, and a controller to your business.

Your Canadian based team will be dedicated to YOUR business – you’ll work with the same team each week.

As part of our bookkeeping process our experts and Intuit ProAdvisors will analyze your current accounting system and set up the appropriate version of QuickBooks on our secure servers.

We will automate and integrate your other financial systems including, banking and credit cards, and develop a process and procedures manual defining every task to be performed.

1. Send us your documents and data

You can set up bills to come directly to Focused to streamline processing, or you can scan & upload/fax/mail or provide data access privileges to us for your:

  • Vendor Bills
  • Payments
  • Bank Statements
  • Credit Card Statements
  • Receipts
  • Time Sheets
  • Expense Reports
  • Additional Documents

As an alternative, we can provide you with a pre-organized binder in which you will deposit the various documents. We will arrange a courier to pick the binder up by the 10th day following each month end, and then send the courier to bring the empty binder back to you.

2.  Your Focused Team does the work

We process Accounts Receivable, Accounts Payable, Bank Reconciliations, Payroll, Sales Tax and all of your bookkeeping needs on a daily/weekly/monthly basis and we automate bank and credit card downloads.

3.   Get financial information to grow your business

Weekly Reports

  • Accounts Receivable Aging
  • Accounts Payable Aging
  • Credit Card Transactions
  • Open Item List

Monthly Reports

  • Financial Reports
  • Profit & Loss
  • Balance Sheet
  • Accounts Payable Aging
  • Cash Flow
  • Key Performance Indicators

We’ll create specialized reports based upon your industry and business needs and we’ll schedule a monthly comprehensive telephone review to go over your month-end financials.