Welcome to KPS Business Consulting, where precision meets excellence in bookkeeping. Our team is committed to providing unparalleled service, ensuring your financial records are accurate, organized, and compliant. With years of experience and a client-centric approach, we tailor our solutions to meet your unique needs, helping you focus on what you do best—growing your business.
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1 customer review
Ellert Law
Kelly at KPS Business Consulting is a true professional. She is extremely knowledgeable and has taken my business from struggling to thriving. I highly recommend Kelly and KPS Business Consulting! More...
What kind of accounting services do you provide?
We specialize in small business, charitable and legal bookkeeping and accounting services. Full cycle bookkeeping, payroll, CRA reporting and compliance.
Why is it so important for businesses to hire a great accountant?
Hiring a good bookkeeper or accountant is crucial for several reasons:
1. Accuracy and Compliance: we ensure your financial records are accurate and comply with relevant laws and regulations, reducing the risk of errors and penalties.
2. Time-Saving: Managing finances can be time-consuming. A professional bookkeeper or accountant frees up your time, allowing you to focus on growing your business.
3. Financial Insight: We provide valuable insights into your financial health, helping you make informed decisions and plan for the future.
4. Cost Efficiency: By identifying areas where you can save money and optimize expenses, we contribute to your overall financial efficiency.
5. Stress Reduction: Handling finances can be stressful. A good bookkeeper or accountant alleviates this burden, giving you peace of mind.
What do you love most about your job?
What I love most about my job as a finance manager, bookkeeper, and business consultant is the opportunity to make a tangible difference in the lives of my clients and their businesses.
* Empowering Clients: Helping clients understand their financial situation and guiding them towards making informed decisions is incredibly rewarding. Seeing them gain confidence in their financial management is a great feeling.
* Problem-Solving: Every business has its unique challenges, and I enjoy the process of identifying issues and developing tailored solutions. It's like solving a puzzle, and the satisfaction of finding the right fit is very rewarding.
* Building Relationships: I value the relationships I build with my clients. Getting to know their businesses and working closely with them to achieve their goals creates a strong sense of partnership and trust.
* Continuous Learning: The fields of finance and business are always evolving, and I love that my job requires me to continuously learn and adapt. Staying updated with the latest trends and technologies keeps the work dynamic and exciting.
* Making an Impact: Knowing that my work contributes to the success and growth of businesses is deeply fulfilling. Whether it's through improving financial health, optimizing operations, or providing strategic advice, the impact of my work is visible and meaningful.
* Variety and Challenge: No two days are the same in this role. The variety of tasks and the constant challenge of meeting different client needs keep the job interesting and engaging.
What inspired you to start your own business?
Starting my own business was driven by a passion for numbers and a desire to make a meaningful impact. I wanted to create a company that not only excels in providing exceptional services but also fosters a culture of innovation and integrity. The idea of building something from the ground up, where I could implement my vision and values, was incredibly motivating. Seeing the positive difference we make in our clients' lives and businesses is what continues to inspire me every day.
Why should our clients choose you?
Clients should choose us as their bookkeeping firm for several compelling reasons:
1. Expertise and Experience: Our team consists of highly skilled finance professionals with years of experience in bookkeeping and accounting. We understand the nuances of financial management and are equipped to handle complex financial scenarios.
2. Personalized Service: We believe in tailoring our services to meet the unique needs of each client. Whether you're a small business or a large corporation, we provide customized solutions that align with your goals and requirements.
3. Accuracy and Reliability: Precision is at the heart of what we do. We ensure that your financial records are meticulously maintained, accurate, and up-to-date, giving you peace of mind and confidence in your financial data.
4. Proactive Financial Insights: Beyond basic bookkeeping, we offer valuable insights and advice to help you make informed financial decisions. Our proactive approach helps you identify opportunities for growth and areas for improvement.
5. Commitment to Client Success: Your success is our priority. We are dedicated to supporting your business's financial health and growth, providing the tools and expertise you need to thrive.
6. Exceptional Customer Service: We pride ourselves on our responsive and friendly customer service. We are always available to answer your questions and provide support whenever you need it.
Choosing us means partnering with a firm that is committed to excellence, reliability, and your business's success. Let us handle your bookkeeping needs so you can focus on what you do best.
Can you provide your services online or remotely? If so, please add details.
We provide our bookkeeping services online or remotely through a streamlined and secure process:
1. Cloud-Based Accounting Software: We use leading cloud-based accounting software that allows us to manage your financial records in real-time. This ensures that your data is always up-to-date and accessible from anywhere.
2. Secure Document Sharing: Clients can upload and share documents securely through our Teams portal. This ensures that sensitive financial information is protected and easily accessible to both you and our team.
3. Virtual Meetings: We conduct regular virtual meetings via video conferencing tools to discuss your financial status, address any concerns, and provide updates. This keeps communication clear and consistent, regardless of location.
4. Automated Processes: We leverage automation for tasks such as invoicing, expense tracking, and reconciliation. This not only increases efficiency but also reduces the risk of errors.
5. 24/7 Access: Our online systems provide you with 24/7 access to your financial data, allowing you to review reports, track expenses, and monitor your financial health at your convenience.
6. Dedicated Support: Our team is always available via email, phone, or chat to provide support and answer any questions you may have. We ensure that you receive timely assistance whenever you need it.
By utilizing these technologies and practices, we offer a seamless and efficient remote bookkeeping service that meets the highest standards of accuracy and security.
What changes have you made to keep your customers safe from Covid-19?
When the pandemic hit in 2020 we moved our business to 100% online. This way we are able to provide the same level of excellent service as always without having to put our clients in a situation that could result in exposure to illness.
Full Cycle Bookkeeping
*Recording Transactions:
This involves documenting every financial transaction, like sales, purchases, and payments, in a journal.
*Maintaining Ledgers:
Transactions are then posted to the general ledger, a central record of all accounts.
*Generating Trial Balances:
A trial balance is created to check the accuracy of the ledger, ensuring that debits equal credits.
*Making Adjusting Entries:
Adjustments are made to the ledger for accruals, deferrals, and other items that need to be accounted for at the end of a period.
* Producing Financial Statements:
Using the adjusted ledger, financial statements like the balance sheet, income statement, and cash flow statement are prepared.
* Closing the Books:
This involves preparing the financial statements for the next accounting period.
Finance Management
* Planning and Budgeting:
Developing financial plans and budgets to set financial goals and allocate resources effectively.
* Financial Reporting:
Preparing and analyzing financial statements to track performance and make informed decisions.
* Financial Decision-Making:
Evaluating investment opportunities, managing debt and equity, and making decisions about dividends.
* Risk Management:
Identifying, assessing, and mitigating financial risks to protect the organization's financial stability.
* Compliance:
Ensuring adherence to financial regulations and reporting requirements.
* Resource Allocation:
Optimizing the use of financial resources to achieve organizational objectives.
* Profit Maximization:
Employing strategies to maximize profits and improve the company's financial performance.
* Cash Flow Management:
Ensuring sufficient cash on hand to meet operational expenses and long-term obligations.
Business Consulting
* Business development: Developing strategies to attract new customers, expand market share, and increase revenue.
* Financial planning and analysis: Providing guidance on budgeting, forecasting, and financial management.
* Marketing and sales: Developing and implementing marketing campaigns, sales strategies, and customer relationship management systems.
* Operations improvement: Optimizing business processes, streamlining workflows, and reducing costs.
* Human resources: Providing advice on recruitment, training, compensation, and employee relations.
* Technology implementation: Assisting with the selection, implementation, and integration of new technologies.
Legal Accounting Services
* Trust Accounting:
Managing client funds held in trust, such as advance payments, retainers, and settlements, to ensure they are safeguarded and used as intended.
* Time and Billing Management:
Tracking billable hours, expenses, and other financial details related to client matters, ensuring accurate and compliant billing practices.
* Compliance with Regulations:
Adhering to legal and regulatory requirements set by provincial Law Societies and other governing bodies related to financial record-keeping and handling of client funds.
* Financial Statement Preparation:
Preparing financial statements for law firms, including income statements, balance sheets, and cash flow statements, to monitor financial performance.
* Budgeting and Forecasting:
Developing budgets and financial forecasts to plan and manage the firm's finances effectively.
* Expense Tracking and Management:
Tracking and managing expenses incurred by the firm, including disbursements, to ensure accuracy and compliance.
Legal accounting is crucial for:
* Maintaining financial integrity and transparency within a law firm.
* Protecting client funds and ensuring ethical compliance.
* Ensuring accurate billing and financial reporting.
* Providing a foundation for sound financial decision-making within the firm.
Charitable Accounting
* Set-up and maintenance of charitable accounting for registered charities in Canada
* Annual reporting, audits, GST returns
* Full-cycle bookkeeping
