BOOKKEEPING SOLUTIONS FOR YOUR BUSINESS NEEDS
McGahey Accounting is an accounting and bookkeeping firm based in Eastern Ontario and working with businesses throughout Canada. We specialize in full cycle accounting management of small and medium sized public, private, and non-profit businesses.
SERVICES
Accounts Payable and Accounts Receivable
Tracking vendor invoices and employee expenses, and invoicing customers. Work with major banks’ payment platforms as well as third party payment and receipt collection applications.
Bank Account Reconciliation and Cash Management
Bank reconciliations in multiple currencies, foreign exchange realization, and project cost analysis.
Balance Sheet Account Management
Management and analysis of balance sheet accounts, including prepaid expenses, fixed assets, inventory, accrued liabilities, long-term liabilities, and deferred revenues.
Cleanup and System Implementation
Cleanup of company’s prior accounting records and transitioning accounting functions to modern digital applications to achieve more efficient and organized processes.
Financial Reporting
Work with CFOs and other directing officers and company stakeholders to provide financial reporting, financial analysis, budgeting, cash forecasting, and audit preparation and support.
Government Remittances
Government HST and/or PSB rebates, EHT returns, and preparation for year-end income tax filing.
Payroll
Company payroll for employees in both Canada and the United States. Necessary payroll remittances and other payroll filings, including Record of Employment and T4 creation.

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