Frequently Asked Questions

Welcome to our Frequently Asked Questions (FAQ) section. Here, you’ll find answers to the most common questions our clients ask about our services, processes, and policies. Whether you’re curious about how we operate, need details on our offerings, or have specific inquiries, this section is designed to provide you with clear and concise information. If you can’t find the answer you’re looking for, feel free to reach out to us directly—we’re here to help!

1. What services do you offer?

Oh, we’ve got you covered! We offer a wide range of services, including general bookkeeping, payroll processing, financial reporting, tax preparation for Business and Personal, GST Returns, compilation of financial statements and compliance checks. Whether you’re a small business or a large corporation, we tailor our services to meet your needs.

2. How can I get started with your services?

Getting started is as easy as pie! Just give us a call, text or send an email, and we’ll schedule an online or in person  initial consultation. During this meeting, we’ll discuss your specific needs, the services we offer, our fees, and how we can help streamline your financial operations. We’ll also answer any questions you may have about our services or the process.

3.What makes your firm different from others in Alberta?

What sets us apart is our personalized service and dedication to our clients. We’re not just about numbers; we build relationships that help our clients grow. Plus, our team is committed to staying up-to-date with the latest in Canadian tax law and financial regulations, ensuring you’re always compliant and well-informed.

4. Are your bookkeepers certified?

Absolutely! All our Accountants and bookkeepers are certified professionals who are members of recognized Canadian accounting bodies. This means they’re trained to handle your finances with the utmost expertise and care.

5. How do you ensure the confidentiality of our financial information?

Your privacy is paramount to us, and we take it seriously. We use secure, encrypted software to manage your data and maintain strict confidentiality policies to ensure that your information remains safe and private.

6. Can you handle tax preparation for both personal and business accounts?

Yes, indeed! We provide tax preparation services for both individuals, Self-Employed, Corporations and businesses. We’ll help you navigate through the tax season with ease, ensuring that you benefit from all available deductions and credits.

7. What are your fees?

Our fees are competitive and transparent. Depending on the service, we charge a flat rate, all inclusive. We’ll discuss all fees upfront during our initial consultation and provide a written estimate to accept, so there are no surprises.

8. How often will we communicate about my financial status?

Communication is key! We typically provide monthly, quarterly and yearly financial reports and are available for online and in person (with appointment) meetings as needed. However, we can adjust the frequency of our communications to suit your preferences.

9. What do I need to provide to keep my books up-to-date?

To keep your books in tip-top shape, we’ll need access to all your financial documents, such as bank statements, invoices, receipts, and payroll records. You can send these documents electronically, or we can set up a system to collect them directly from you.

10. How can I access my financial reports?

You can access your financial reports through online requests. We ensure that you can always get your financial information when you need it, wherever you are.

11. What happens if I'm audited by the CRA?

No worries at all! If you’re audited (or under review), we’ll stand right beside you. We provide full support during audits, including preparing all necessary documentation and representing you in discussions with the Canada Revenue Agency. Our goal is to make the audit process as smooth and stress-free as possible for you, giving you the confidence that we can handle any situation.

12. Do you offer services to nonprofits and charities?

Absolutely! We offer specialized bookkeeping and financial management services tailored to the unique needs of nonprofits and charities. We understand the specific reporting requirements and financial challenges that nonprofits face, and we’re here to help.

13. Can you help with financial forecasting and budgeting?

Indeed, we can. Financial forecasting and budgeting are crucial for business growth and sustainability. We work with you to create detailed forecasts and budgets that help you plan for the future, manage your resources effectively, and achieve your financial goals.

14. Is there an option for digital record-keeping?

Yes, there is! We embrace modern technology and can set up completely digital record-keeping systems for your business. This not only minimizes physical paperwork but also enhances accessibility and efficiency in managing your financial records. With digital record-keeping, you can access your financial information anytime, anywhere, and it’s easier to track and analyze your business’s financial health.

15. What industries do you specialize in?

We have extensive experience across a variety of industries, including retail, construction, healthcare, and technology. This broad experience allows us to offer insights and solutions that are tailored to the specific challenges and opportunities of your industry. Whether you’re in a traditional sector or a cutting-edge field, we have the expertise to help you manage your finances effectively.

Contact Us

info@absprof.com

+1-587-5255-531

10665 Jasper Ave Unit 1400, Edmonton, AB T5J 3S9, Canada.

M-F: 8am-9pm, S 9am-5pm-S: Closed

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