Professional Accounting Services


Professional Accounting Services

Professional accounting services can provide your small to medium enterprise (SME) with the timely, accurate business intelligence you need to make informed decisions.

Steven Agulnik, CPA provides professional accounting services to small and medium-size business in Ottawa. We have been part of the Ottawa business and entrepreneurial community for over 40 years, and have a proven history as a dependable business partner.

We can provide a range of affordable professional accounting services geared to your particular needs.

We can help you set up simple and sustainable bookkeeping procedures, and provide accounting oversight, auditing, and reporting services that are tailored to your business requirements. Typically, this would include federal and provincial corporate tax preparation, and the production of regular monthly reports.

A typical Monthly Reporting Package Includes:

  • Income Statement: showing the revenue, expenses, and profit for the month and Year-to-date so that you can track profitability
  • Balance Sheet: showing available cash, accounts receivable, inventory balances, fixed assets, accounts payable, and other expenses and earnings
  • Accounts Receivable Aging: detailed report showing which customers owe money and how old the balances are
  • Accounts Payable Aging: detailed report showing which bills are unpaid and when they are due

Reporting and Forecasting for Capital Financing

Most start-ups and small and medium-sized enterprises (SMEs) will have to look for financing at some point in the evolution of their business. This might be a cash infusion to support product development, or a temporary line of credit to finance a large order, or an expansion in your business.

When it comes time to do this, you need to be able to present potential investors with a compelling, but realistic picture of what your market looks like, and what the potential upside of an investment would be. You’ll also need to be able to prove that your business is healthy, and that you have sufficient orders and cash flow to make the risks manageable.

If you want a VC to invest in your start-up, you’ll need to provide a realistic assessment of what your cash flow looks like, and what the upside of their investment would be. Without this, you won’t attract any suitors.

Professional accounting services can help your management team make informed business decisions

We can help you gain the understanding of the state of your business that you’ll need to make a convincing presentation – whether you’re talking to venture capitalists officers. We can help you produce the reporting and projections you’ll need to support the financial side of your argument; and we can help you prepare the background evidence you’ll want to have on hand to support your argument when – not if – potential investors ask you hard questions about the future of your business.

With competent and professional financial reporting in hand, bank officers are more likely to take you seriously, and your VC pitch is much more likely to be successful.

If you’re an entrepreneur, and you’re thinking of starting a new business, you owe it to yourself to talk to us before you start spending money on your start-up.

Small Business Services

  • Monthly Financial Statements
  • Annunal Financial Statements
  • Training for Quickbooks
  • Payroll Services
  • Reconciliation
  • Cash Flow Analysis
  • Lease Amortization Calculations
  • Bookkeeping

Steven Agulnik, CPA

202 O'Connor Street
Ottawa, ON K2P 1T6
Phone: 613-233-0028

Monday through Friday
8:30 am - 5:00 pm