Accounting Services in Calgary, Alberta
Tax Buddies provides full-service accounting for businesses of all sizes in Calgary and across Alberta. Our Chartered Professional Accountants deliver accurate financial statements, management reporting, tax-ready books, and strategic advisory—giving you the financial clarity you need to make confident business decisions and stay fully CRA-compliant.
Who We Help
- Startups needing their first accounting setup
- Small businesses that have outgrown DIY spreadsheet accounting
- Growing companies needing monthly financial statements and management reports
- Established businesses wanting CPA-level advisory on top of compliance
- Companies transitioning from one accounting system to another
- Businesses with overdue or disorganized books that need a cleanup
- Organizations needing audit-ready financial statements
Accounting Services We Provide
Financial Statement Preparation
We prepare monthly, quarterly, and annual financial statements—including income statements (profit and loss), balance sheets, and cash flow statements. These statements give you a clear picture of your business's financial health, help you identify trends, and provide the documentation banks, investors, and government agencies require.
Management Reporting and KPI Analysis
Beyond standard financial statements, we deliver management reports tailored to your business—key performance indicators (KPIs), budget vs. actual comparisons, departmental or project-level profitability, and trend analysis. These reports help you spot opportunities and problems before they become critical.
Accounts Payable and Receivable Management
We manage your vendor payments and customer invoicing—tracking what you owe and what's owed to you. We monitor receivable aging, follow up on overdue accounts, manage payment scheduling to optimize cash flow, and ensure you're taking advantage of early payment discounts where available.
Bank Reconciliation and Cash Flow Tracking
We reconcile all bank and credit card accounts monthly, ensuring every transaction is properly recorded and categorized. We track cash flow patterns, identify potential shortfalls before they happen, and provide cash flow projections to help you plan for seasonal variations, major expenses, and growth.
Year-End Adjustments and Tax Preparation
Before your fiscal year-end, we prepare all adjusting entries—accruals, prepayments, depreciation, inventory adjustments, and provisions. This ensures your financial statements accurately reflect your business's position and your tax return is based on complete, accurate data.
Our Process
Step 1: Accounting Assessment and Setup
We review your current books, accounting software, chart of accounts, and processes. For new businesses, we set everything up from scratch. For existing businesses, we clean up any issues and optimize your setup for accuracy and efficiency.
Step 2: Monthly Accounting Cycle
Each month, we record transactions, reconcile accounts, manage AP/AR, and deliver financial statements and management reports. You receive your reports by mid-month so you can make timely decisions.
Step 3: Year-End and Tax Coordination
We prepare year-end adjustments, finalize financial statements, and coordinate with our tax team to file your corporate tax return. Everything flows seamlessly from accounting to tax filing.
Local Expertise: Accounting in Calgary and Alberta
Calgary businesses operate in a dynamic economy with unique accounting considerations. The energy sector creates project-based revenue patterns that require careful accrual accounting. Alberta's lack of PST simplifies sales tax but GST compliance still requires attention. Our CPA team has experience across Calgary's diverse industries—oil and gas, construction, technology, professional services, retail, hospitality, and healthcare. We understand the local business environment and provide accounting services that reflect your industry's specific needs.
What You Can Expect
Timelines: Monthly financial statements delivered by the 15th of the following month. Year-end statements within 30 days of fiscal year-end. Accounting setup for new businesses within one week.
Pricing: Accounting packages start at $149/month for startups and $299/month for established businesses. See our service packages or call 403-768-4444 for a custom quote.
Why Businesses Choose Tax Buddies for Accounting
- CPA-certified team providing both compliance and strategic advisory
- Monthly financial statements delivered on time, every time
- Integrated approach—accounting, bookkeeping, payroll, and tax all under one roof
- Modern cloud accounting with real-time access to your financial data
- Fixed monthly pricing with no surprise fees
Frequently Asked Questions — Accounting Services in Calgary
What accounting services does Tax Buddies offer in Calgary? Full-service accounting including financial statement preparation (monthly, quarterly, annual), management reporting and KPI analysis, accounts payable and receivable management, bank reconciliation, cash flow tracking, year-end adjustments, audit preparation, and CPA advisory.
How often should my business receive financial statements? Monthly is ideal for most businesses—it gives you timely data to make decisions and catch issues early. Quarterly may be sufficient for very small or stable businesses. We deliver statements by mid-month so the information is actionable.
What is the difference between accounting and bookkeeping? Bookkeeping records daily transactions—entering invoices, receipts, and payments. Accounting takes that data and produces financial statements, management reports, tax returns, and strategic analysis. Tax Buddies provides both, integrated seamlessly.
What accounting software does Tax Buddies use? We work with QuickBooks Online, Xero, and Wave. We recommend the platform that best fits your business size, industry, and integration needs. We handle setup, migration, and ongoing management so you don't need to become a software expert.
Can Tax Buddies clean up messy or overdue books? Yes. We regularly help businesses that have fallen behind on bookkeeping or have disorganized records. We reconstruct transactions from bank statements, categorize expenses properly, reconcile accounts, and bring everything current. The sooner you address it, the easier it is.
Do I need a CPA for my small business accounting? A CPA provides a higher level of assurance and expertise than basic bookkeeping. CPAs can prepare reviewed or audited financial statements, provide tax planning advice, represent you with CRA, and offer strategic business advisory. For tax efficiency and CRA compliance, CPA oversight is valuable at any business size.
How does Tax Buddies handle the transition from my current accountant? We obtain your prior-year financial statements and tax returns, review the current state of your books, migrate to your preferred software platform (if changing), and ensure a smooth handoff with no gaps in your financial records.
What financial reports will I receive each month? At minimum: income statement (P&L), balance sheet, and cash flow summary. Depending on your package, you may also receive AR/AP aging reports, budget vs. actual comparisons, and custom KPI dashboards. We tailor reporting to what's most useful for your business.
Can you prepare financial statements for a bank loan application? Yes. We prepare the financial statements, projections, and supporting documentation that lenders require. CPA-prepared statements carry more credibility with banks than self-prepared numbers.
How much do accounting services cost in Calgary? Packages start at $149/month for startups (basic bookkeeping and statements) and $299/month for established businesses (adding payroll, tax planning, and advisory). See our service packages or call 403-768-4444 for a custom quote.
Ready to get professional accounting for your business? Book a free consultation, call 403-768-4444, or visit us at 2017 Pegasus Rd NE, Calgary, AB. See our bookkeeping services and payroll services.
Contact Tax Buddies Calgary at 403-768-4444 or visit www.taxbuddies.ca for a free consultation.