Bookkeeping & Financial Statement Preparation
Stay organized, compliant, and ready for tax time.
We provide complete bookkeeping and year-end financial statements that support your corporate and personal business filings.
Professional Bookkeeping for Canadian Businesses
Accurate bookkeeping is the foundation of every successful business — and essential for tax compliance with the Canada Revenue Agency (CRA).
At Tax Genius LLC, we offer full-cycle bookkeeping and financial statement preparation services for Canadian corporations, small businesses, and self-employed individuals. We ensure your books are accurate, your financials are clean, and your T2 or T1 returns are fully supported by CRA-compliant statements.
Whether you need monthly bookkeeping, catch-up cleanup, or year-end statement preparation, our experts make sure your finances tell the right story — every time.
Monthly Bookkeeping
Accurate transaction recording year-round
Financial Statements
CRA-ready income statements and balance sheets
Reconciliation
Bank and account matching for accuracy
What's Included
Comprehensive bookkeeping and financial reporting services
Monthly & Quarterly Bookkeeping
We record all income, expenses, and transactions accurately throughout the year.
Financial Statement Preparation
We prepare professional income statements, balance sheets, and trial balances for your CRA filings.
Bank & Credit Card Reconciliation
We ensure your bank accounts and credit cards match your books, eliminating discrepancies.
Accounts Payable & Receivable Tracking
We manage invoices, bills, and customer payments to maintain smooth cash flow.
Year-End Adjustments & Cleanup
We perform final journal entries, reconciliations, and adjustments to close your books before filing.
Software Setup & Integration
We set up or manage your QuickBooks, Xero, or Wave account to streamline bookkeeping and reporting.
Who This Service Is For
Bookkeeping solutions for all types of Canadian businesses
Corporations Filing T2
Accurate financials for corporate tax returns
Sole Proprietors & Self-Employed
T1 + T2125 return support
Small & Medium Businesses
No in-house accountants needed
Startups & Growing Companies
Professional bookkeeping from day one
Behind on Records
CRA-audit-ready catch-up services
Financial Statements We Prepare
CRA-compliant statements to support your tax filings
Income Statement (Profit & Loss)
Revenue, expenses, and net income for the period
Balance Sheet
Assets, liabilities, and equity snapshot
Trial Balance
Detailed account balances verification
GIFI Schedules (T2 Returns)
CRA standardized financial statement format
Retained Earnings Statement
Corporate equity changes over time
Shareholder Loan Account
Tracking of shareholder advances and withdrawals
Our 4-Step Process
Streamlined workflow for accurate bookkeeping and financial reporting
Bookkeeping Setup & Review
We assess your current books (or create them from scratch) and design a simple system tailored to your business.
Monthly Transaction Recording
We track all income, expenses, and journal entries to keep your books accurate throughout the year.
Reconciliation & Adjustment
We reconcile all accounts, correct discrepancies, and ensure CRA-aligned reporting.
Year-End Financial Statement Preparation
We prepare professional financial statements for your tax filings — ready for T2 or T1 returns.
Required Documents
Why Choose Tax Genius LLC
💼 Full-Service Accounting Support
From bookkeeping to tax filing — everything under one roof.
🔍 CRA-Ready Accuracy
Every number reviewed for compliance and audit readiness.
💡 Customized for Your Business
Flexible bookkeeping solutions for any size or industry.
🔒 Secure Digital Workflow
Cloud-based document sharing and encrypted access.
📈 Tax-Focused Reporting
We align your books with your T2, T1, and GST/HST filing requirements.
Pricing Packages
Transparent pricing for bookkeeping and financial statement services
Monthly Bookkeeping
Small businesses & startups
- ✓ Monthly transaction recording
- ✓ Bank and credit card reconciliation
- ✓ Expense categorization
- ✓ Accounts payable/receivable tracking
- ✓ Monthly financial summary reports
- ✓ Email support and consultation
Quarterly Bookkeeping + Reporting
Growing businesses
- ✓ All monthly bookkeeping services
- ✓ Quarterly financial statements (income statement, balance sheet)
- ✓ Profit and loss analysis
- ✓ GST/HST reconciliation support
- ✓ Year-to-date reporting
- ✓ Quarterly business review calls
- ✓ Priority support
Year-End Financial Statements
For T2/T1 tax preparation
- ✓ Complete year-end bookkeeping cleanup
- ✓ Full financial statement preparation (income, balance sheet, trial balance)
- ✓ GIFI schedule preparation (for T2 returns)
- ✓ Year-end adjustments and journal entries
- ✓ CRA-ready financial reports
- ✓ Integration with T2 or T1 filing services
- ✓ Retained earnings reconciliation
- ✓ Shareholder loan and equity tracking
- ✓ Dedicated year-end consultation
💬 Add-ons available: catch-up bookkeeping, software setup, and CRA audit support.
Frequently Asked Questions
Common questions about bookkeeping and financial statements
Need professional bookkeeping and year-end financial statements?
Let our experts organize your books, prepare accurate reports, and keep your business CRA-compliant all year long.