Finance & Accounting Service

We Provide The Best Customized Offshoring Services

At Karma Embrace, where we specialize in delivering tailored Finance & Accounting solutions exclusively for CPAs, Accountants and Tax professionals. With a steadfast commitment to excellence and a proven track record, we provide comprehensive financial services designed to enhance efficiency and maximize profitability.

Explore our comprehensive Outsourced Finance & Accounting services designed to enhance your business operations.

Our Finance & Accounting Services comprise of:

Bookkeeping Services: Includes all Services mentioned in Bookkeeping Services.

Budgeting and Forecasting: Preparing detailed budgets and monitoring actual performance against budgeted figures.

Cash Flow Management: Managing cash flow to ensure adequate liquidity for business operations and investments.

Cost Accounting: Performing departmental and cost center-based accounting to provide detailed insights for business decision-making.

Variance Analysis: Identifying and analyzing variances between actual and budgeted financial performance.

Data Migration: Migration of data from one software to another software like from QB desktop to QB online or Xero or other accounting software.

GST/HST Tax: Helping in preparing and calculating GST/HST Tax & filing of GST/HST.

Finalization of Books: Accounts finalization by recording the year end adjustment entries, reclassification entries, General ledger reconciliation with the CRA documentations.

Inter-company Reconciliations: Recording inter-company transactions in the books of accounts, reconciling the balance of Inter-company accounts.

Declaration of Dividends/Management Salary/Bonuses: Recording all adjustments to Shareholder accounts declaring the dividends/salaries and bonuses etc. for the tax purposes.

Loan and Asset Amortization and Reconciliation: Calculating amortization schedules for loans and assets, and performing reconciliations to ensure accurate financial reporting.

Management Reporting: Providing management with detailed and actionable financial reports to aid in decision-making.

Financial Reporting: Preparation of comprehensive statements to provide insights for informed decision-making.

Strategic Financial Advice: Customized support to achieve business goals through expert guidance and solutions.

Benefits of Partnering with US:

Customized Solutions Client-Centric Focus Industry-Specific Knowledge

At Karma Embrace, we recognize that every organization has unique challenges, goals, and operational nuances. Our commitment to delivering customized solutions means we take the time to understand your specific needs and tailor our services accordingly.

Whether you require specialized audit procedures, detailed financial analysis, or strategic management consulting, we collaborate closely with your team to develop solutions that align precisely with your objectives.

At Karma Embrace, our clients are at the heart of everything we do. We prioritize your satisfaction, understanding that our success is measured by your success. Our client-centric approach goes beyond delivering exceptional services; it encompasses building lasting relationships based on trust, transparency, and proactive communication.

We are committed to exceeding your expectations. Through continuous improvement and feedback loops, we strive to deliver service excellence that adds tangible value to your business operations.

At Karma Embrace, you benefit from our deep industry expertise and specialized knowledge across various sectors. We understand the unique challenges and opportunities facing different industries, allowing us to offer informed insights and tailored solutions that drive competitive advantage and operational excellence.

Our consultants possess in-depth knowledge of industry-specific regulations, trends, and best practices. This expertise enables us to develop strategies and solutions that are not only compliant but also optimized for your industry environment.