Better Bookkeeping Leads to Better Growth!NSPC is a full-service accounting firm located in Calgary. As we also provide accounting services, we can contextualise and personalise our bookkeeping services resulting in better financial decisions for your business.
We provide a reliable audit trail with records that support any questions from the CRA and comply with the latest changes to financial best practices.
Let our bookkeepers take care of day-to-day activities so that you can concentrate on building your business!
Affordable Monthly Bookkeeping PackagesOur bookkeeping service is tailored to the needs of small to large businesses and is a cost-effective and efficient way to get up-to-date and accurate bookkeeping records, no matter where you are located.
Bookkeepers can create reports and conduct an analysis relying on the records they keep. Knowing how confusing this can be, we work hard to break things down for our clients.
There are four major financial statements.
- The income statement, also known as the profit and loss statement (P&L), reports the revenue and expenses for a specific period.
- The cash flow statement shows how balance sheet changes affect cash equivalents for a period. It details funds in and out of your business and how it impacts your ability to pay your bills, for instance.
- A balance sheet is the only one of the four statements that reflect results as of a specific date, not a time period. It records assets, liabilities, and ownership equity.
- A statement of changes in equity indicates changes from one time period to the next, including the owners’ equity, dividends paid, surplus profit, etc.