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Compilation Engagement
Accounting
Bookkeeping

Accurate financial records form the foundation of every successful business. At Vault CPA, we go beyond bookkeeping to provide precision, clarity, and confidence in every report. Our compilation and accounting services keep your books accurate, current, and meaningful, transforming data into informed decisions from daily operations to year-end reporting.

Compilation, Accounting,
& Bookkeeping

Book a free consultation
Compilation Engagement
Accounting
Bookkeeping

Accurate financial records form the foundation of every successful business. At Vault CPA, we go beyond bookkeeping to provide precision, clarity, and confidence in every report. Our compilation and accounting services keep your books accurate, current, and meaningful, transforming data into informed decisions from daily operations to year-end reporting.

Accurate financial records form the foundation of every successful business. At Vault CPA, we go beyond bookkeeping to provide precision, clarity, and confidence in every report. Our compilation and accounting services keep your books accurate, current, and meaningful, transforming data into informed decisions from daily operations to year-end reporting.
Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
Compilation Engagement

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Preparing monthly and quarterly reports with clear financial insights

_

Tracking and managing business cash flow for stable operations

_

Handling payroll, GST, and PST filings with accuracy and timeliness

_

Streamlining AR and AP processes with efficient financial oversight

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
Accounting

_

Preparing monthly and quarterly reports with clear financial insights

_

Handling payroll, GST, and PST filings with accuracy and timeliness

_

Tracking and managing cash flow and reconciliations for stable operations

_

Streamlining AR and AP processes with efficient financial oversight

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
Bookkeeping

_

Registering and setting up accounts for GST/HST and PST programs

_

Preparing and electronically filing periodic GST/HST and PST returns

_

Reconciling collected and paid taxes with accounting records to ensure accuracy

_

Reviewing and advising on input tax credits (ITCs), refunds, and compliance

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
Accounting

_

Preparing monthly and quarterly reports with clear financial insights

_

Handling payroll, GST, and PST filings with accuracy and timeliness

_

Tracking and managing cash flow and reconciliations for stable operations

_

Streamlining AR and AP processes with efficient financial oversight

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
Bookkeeping

_

Registering and setting up accounts for GST/HST and PST programs

_

Preparing and electronically filing periodic GST/HST and PST returns

_

Reconciling collected and paid taxes with accounting records to ensure accuracy

_

Reviewing and advising on input tax credits (ITCs), refunds, and compliance

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
Compilation Engagement

_

Preparing monthly and quarterly reports with clear financial insights

_

Tracking and managing business cash flow for stable operations

_

Handling payroll, GST, and PST filings with accuracy and timeliness

_

Streamlining AR and AP processes with efficient financial oversight

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
Bookkeeping

_

Registering and setting up accounts for GST/HST and PST programs

_

Preparing and electronically filing periodic GST/HST and PST returns

_

Reconciling collected and paid taxes with accounting records to ensure accuracy

_

Reviewing and advising on input tax credits (ITCs), refunds, and compliance

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
Compilation Engagement

_

Preparing monthly and quarterly reports with clear financial insights

_

Tracking and managing business cash flow for stable operations

_

Handling payroll, GST, and PST filings with accuracy and timeliness

_

Streamlining AR and AP processes with efficient financial oversight

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
Accounting

_

Preparing monthly and quarterly reports with clear financial insights

_

Handling payroll, GST, and PST filings with accuracy and timeliness

_

Tracking and managing cash flow and reconciliations for stable operations

_

Streamlining AR and AP processes with efficient financial oversight

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.

Steps from Onboarding to Financial Statements

Initial Consultation

We begin by reviewing your bookkeeping systems and understanding your business operations to identify gaps, inefficiencies, and opportunities for improvement. This process enhances accuracy, strengthens consistency, and creates a more efficient accounting foundation.

System Setup

We implement secure, cloud-based accounting systems built for efficiency, accuracy, and transparency. By integrating tools like QuickBooks, Xero, Sage, and Microsoft Dynamics 365, we ensure your financial data flows seamlessly across every aspect of your business.

Monthly Maintenance

We maintain accurate and organized books through consistent reconciliations, expense tracking, and detailed financial reviews. Each month, we verify transactions, update records, and ensure your financial data remains clear, current, and reliable.

Year-end Preparation 

We compile accurate financial statements, reconcile every account, and collaborate closely with management to ensure precision. This process prepares your records for review, audit, and tax filing, allowing you to finalize your year with clarity and confidence.

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
What is a compilation engagement?

A compilation engagement involves assembling your financial data into structured financial statements. While it doesn’t provide assurance like a review or audit, it offers a clear, standardized presentation that helps you and stakeholders better understand your company’s financial position.
‍

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
When does my business need a compilation?

A compilation is commonly required for year-end reporting and corporate tax filings to provide accurate, professionally prepared financial statements. It’s also valuable when lenders, investors, or owners need formal statements without the added assurance of a review or audit.

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
What’s the difference between bookkeeping, accounting, and compilation?

Bookkeeping records daily transactions, while accounting organizes and interprets that information into meaningful reports. A compilation builds on both by presenting those financials professionally under CPA Canada standards, ensuring clarity, compliance, and informed decision-making.

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
How often should bookkeeping be done?

Bookkeeping is best maintained monthly to keep your financial records current and accurate. Consistent updates prevent year-end issues, simplify tax preparation, and provide timely insight into your company’s cash flow and overall performance.

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.
What information do you need from us to get started?

We begin by reviewing your existing records, including bank statements, invoices, payroll summaries, and prior financial statements. Next, we set up or optimize your accounting system, such as QuickBooks, Xero, Sage, or Dynamics 365, to ensure accuracy, consistency, and long-term efficiency.

Close-up of a musical note drawn on a reflective surface with many white bokeh lights in the background.

Let's Bring Order to Your Numbers

Whether you are behind on bookkeeping or need a professional compilation for lenders or investors, Vault CPA provides full-service support from setup to submission.

Book a free consultation
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