Professional CorporationBooks need a final review
Transactions are recorded, but reconciliations, classifications, supporting documents, or unusual entries still need attention.
Accounting & Tax
Year-End Accounting Review for Ontario Businesses
Practical CPA review to help owner-managed businesses turn day-to-day bookkeeping into clearer, tax-ready year-end information.
Short answer
Before a corporate tax return is prepared, records often need more than basic bookkeeping. A year-end accounting review helps identify unreconciled accounts, missing support, owner transactions, GST/HST or payroll questions, and items that need clarification.
Who this service is for
For businesses that need a clearer year-end picture
This service is designed for incorporated and owner-managed businesses whose records need a careful review before corporate tax filing, financial reporting, or an important decision.
Tax filing is approaching
You want year-end information organized before T2 filing work, rather than discovering issues at the last minute.
Owner records need clarity
Salary, dividends, shareholder transactions, business expenses, or related records need to be reviewed in context.
How OSA CPA can help
Identify issues early and prepare tax-ready records
Review the accounting foundation
Review reconciliations, bookkeeping reports, expenses, and the record trail behind key year-end balances.
Clarify year-end questions
Identify transactions, owner-manager matters, and tax-related questions that may need attention before filing.
Support practical next steps
Create a focused list of what to correct, gather, explain, or prepare for the next stage of accounting and tax work.
A practical process
Get organized before the year-end becomes urgent
Review what is available
Start with the fiscal year-end, bookkeeping status, reconciliations, prior filings, and the main questions you need answered.
Identify gaps and unusual items
Separate missing support, unreconciled accounts, owner transactions, and items that need clarification.
Organize the year-end file
Build a clearer set of reports and documents for tax filing, compliance work, and future reference.
Prepare the next step
Move forward with a more practical picture of the year-end work still required.
Related support
Useful next resources
Year-end accounting often connects to corporate tax and documentation questions.
FAQ
Year-end accounting review questions
What should be ready for a year-end review?
Useful information includes bookkeeping reports, reconciliations, receipts, invoices, GST/HST and payroll information where applicable, and owner transaction details.
Can bookkeeping be complete but still need review?
Yes. Records can still need reconciliation, review of unusual transactions, tax-related adjustments, and clarification before tax filing.
What are common year-end issues?
Common issues include unreconciled accounts, unsupported expenses, mixed transactions, missing records, unclear balances, and unresolved shareholder entries.
Can this include GST/HST or payroll information?
Yes, where those accounts are part of the year-end picture, their records and balances may need review alongside the financial information.
What if records are behind?
Start with the year, missing periods, available records, and immediate deadlines. A focused plan can help bring the information into a clearer order.