Close each channel before closing the month
We organize the close around your actual sources of activity: a point-of-sale system, delivery platforms, an invoice ledger, operating accounts and cards. Matching a deposit is only one step. Outstanding settlements, refunds and purchases awaiting invoices must also be explained.
For Toronto operators with several outlets, the same account structure and closing date make location comparisons meaningful. Shared expenses need an agreed allocation; otherwise one outlet can appear profitable simply because another paid its bills.
A monthly package you can act on
The agreed scope can include reconciled accounts, an income statement, balance sheet, receivables and payables summaries, and a short list of unresolved items. We identify who supplies missing information and when you review the reports. Tax filings, payroll processing and payment release are confirmed separately in the engagement.
Illustrative example: two cafes and one supplier
Two Toronto cafes use separate tills but share one coffee supplier. Coding every supplier payment to the first cafe distorts both margins. A delivery-based allocation, supported by the supplier invoices, lets the owner compare food costs while keeping the combined payable tied to the statement.
Questions about this work
What do you need every month?
Complete account statements, sales and settlement exports, supplier invoices, payroll summaries and answers to the exceptions list. The exact checklist follows your systems.
Can monthly work start before the backlog is fixed?
We can scope an opening-balance review and a catch-up phase, then agree when the recurring close begins. Historic problems should remain visible until resolved.
Put this into practice
Sources and current guidance
A practical next step
Bring the records you have.
We can identify missing information, agree on the scope and organize the next bookkeeping step.
Request a bookkeeping review