Christine Laman

Client Types:

• Car Dealerships: Managing sales, inventory, and COGS calculations, ensuring that the financials reflect accurate vehicle sales and associated expenses.
• Technology and Software Industry: Providing accounting solutions for tech companies, managing revenue recognition, subscription billing, and handling complex project-based transactions.
• Accounting and Financial Services Industry: Offering bookkeeping and financial reporting for firms in the accounting and financial services sector, ensuring compliance and efficient financial management.
• Travel Agency: Assisting travel agencies with accounting for bookings, commissions, client deposits, and payments, managing vendor payments, and ensuring tax compliance.

Core Responsibilities:

• Cleanup of Accounting Records: Ensuring all financial records are accurate, up-to-date, and compliant with accounting standards.
• Sales and Bills Entry: Entering all sales and purchase invoices in Xero or QuickBooks for accurate reporting and timely processing.
• Inventory Reconciliation: Performing inventory reconciliations to maintain up-to-date stock levels and correct financial reporting for car dealerships and other inventory-based clients.
• Accounts Payable: Processing accounts payable using platforms like Plooto or Wise, ensuring payments to suppliers, contractors, and service providers are made accurately and on time.
• Accounts Receivable: Managing and tracking outstanding invoices, ensuring timely collection from clients and maintaining healthy cash flow.
• Intercompany Transactions: Managing intercompany transactions between subsidiaries or related entities, ensuring accurate consolidation and financial reporting.
• Prepayments and Accrual Trackers: Preparing and maintaining prepayment and accrual trackers to ensure proper accounting of deferred revenue and expenses.
• Bank Reconciliation: Reconciling bank statements to ensure all transactions are accurately recorded in Xero or QuickBooks.
• Credit Card Reconciliation: Ensuring credit card transactions are recorded and reconciled, matching statements to accounting records.
• Clearing Accounts Reconciliation: Regularly clearing clearing accounts (such as payroll, taxes, and other suspense accounts) for proper balance management.
• Payment Processing Platforms: Managing and reconciling payment processing platforms like Stripe and PayPal to ensure that all online transactions are correctly recorded.
• Responding to Clients' Inquiries: Addressing client queries related to financial records, payment issues, and other accounting matters.
• Sending Document Requests to Clients: Coordinating with clients to gather required financial documents to ensure timely processing and compliance.
• Preparing Sales Tax Reports (HST, QST, GST, and PST): Preparing accurate HST (Harmonized Sales Tax), QST (Quebec Sales Tax), GST (Goods and Services Tax), and PST (Provincial Sales Tax) reports for businesses in Canada, ensuring compliance with both federal and provincial tax regulations.
• Payroll Processing Using Wagepoint: Managing payroll processing for clients using Wagepoint, including calculating wages, deductions, generating pay stubs, and ensuring compliance with tax regulations.
• Month-End Report to CPA: Compiling month-end financial reports, including balance sheets, income statements, and supporting schedules for CPA review.
• Preparing Financial Reports: Creating detailed financial reports (P&L, Balance Sheet) that provide insights into the financial health of the business, helping management with decision-making.

Client Types:

• Restaurants: Providing tailored financial solutions, including sales entry, expense tracking, and inventory reconciliation to ensure accurate reporting and efficient operations.
• Trading Businesses: Managing accounts for trading clients, including handling complex inventory systems, COGS calculations, and reconciling large volumes of transactions across multiple accounts.
• Service Providers: Handling the bookkeeping for service-based businesses, ensuring accurate tracking of revenue, expenses, and payroll processing, while maintaining compliance with tax regulations.

Core Responsibilities:

• Cleanup of Accounting Records: Thorough review and correction of financial data to ensure accuracy, consistency, and compliance.
• Sales and Bills Entry: Efficiently processing all sales and purchase transactions in both Xero and QuickBooks, ensuring timely and accurate data entry for financial clarity.
• Statement of Accounts (SOA) Reconciliation: Reconciling client statements with accounting records to resolve discrepancies and ensure that all accounts are balanced.
• Inventory Reconciliation and Management: Tracking inventory and COGS (Cost of Goods Sold) to maintain accurate profit margins and streamline financial reporting.
• Bank and Credit Card Reconciliation: Ensuring all bank and credit card statements are accurately reconciled to the general ledger, improving cash flow management and financial accuracy.
• Clearing Accounts Reconciliation: Managing clearing accounts, ensuring that all outstanding items are cleared promptly, and that accounts remain balanced.
• Responding to Client Inquiries and Needs: Providing exceptional customer service by addressing client questions and resolving issues in a timely manner.
• Sending Document Requests to Clients: Communicating effectively with clients to request missing documents, facilitating timely reporting and maintaining client satisfaction.
• Working Papers Preparation: Compiling and preparing working papers for audits, tax returns, and year-end financial statements, ensuring full compliance with accounting standards.

Additional Skills & Accomplishments:

• Bank Reconciliation Expertise: Skilled in reconciling complex bank transactions across multiple accounts, ensuring that every transaction is accounted for correctly.
• Tax and Financial Reporting: Proficient in preparing financial reports such as Profit & Loss statements & Balance Sheets,
• Proactive Communication: Regularly communicating with clients to ensure they are aware of deadlines, outstanding documents, and any issues that may arise in their financials.
• Automation & Software Integration: Comfortable with automation tools and integrations in Xero and QuickBooks to streamline processes, reducing manual errors and improving efficiency.
• Problem Solving: Adept at identifying discrepancies, resolving reconciliation issues, and ensuring clients' accurate and up-to-date financial records.