Your friendly bookkeeping expert
About Bananas for Bookkeeping
Welcome to Bananas for Bookkeeping! I'm Wendy Richelhof, the founder and driving force behind my accounting services. With over a decade of experience in the field, I've journeyed from corporate accounting roles to leading teams as a Controller. Among my proudest achievements was being part of a team that implemented new accounting software, which significantly increased productivity through process and procedure improvements.
Beyond corporate realms, I'm deeply committed to community service, serving as treasurer for a non-profit organization. It was through this role that I discovered my true passion: supporting small businesses in their journey to success and growth.
At Bananas for Bookkeeping, I understand the challenges that small businesses face, and my mission is to alleviate the burden of bookkeeping so you can focus on what you do best: driving your business forward. As a member of the Certified Professional Bookkeeping of Canada, I uphold the highest standards of professionalism and stay abreast of the latest industry trends and regulations.
Let's work together to streamline your finances and pave the way for your business's prosperity. Reach out today and let's start this journey together.
What I can do for your business
Receipt Management
- Receipt Organization by sorting, categorizing and verifying for accuracy
- Upload receipts to QBO Online, eliminate the need for physical storage and reduce clutter
- Record receipts to track your expenses effectively to provide insights into where your money is being spent
A/P & A/R Management
- Efficiently manage your incoming and outgoing payments
- Optimize cash flow and reduce outstanding balances
- Stay on top of your invoices and collections
Treasury Functions
- Bank & Credit Card Reconciliations
- Maintain accurate records of your financial transactions
- Identify discrepancies and reconcile accounts promptly
- Ensure transparency and accountability in your finances
Fixed Asset Management
- Create and maintain asset inventory list
- Categorize assets by type and assign unique identification numbers
- Record new asset purchases and ensure documents are attached
- Calculate and record depreciation, reassess asset values, and adjust as needed.
- Conduct regular physical audits to verify asset presence and condition
- Manage Disposals and Retirement
- Maintain documentation for audits and financial review
Payroll Services
- Manage new hires and collect all necessary paperwork
- Handle payroll processing with precision and reliability
- Ensure compliance with tax regulations and payroll laws
- File payroll taxes, ROE's and T4's
GST Filing
- Prepare and file your GST Returns accurately and on time
- Stay Compliant with GST Regulations and requirements
- Minimize errors and avoid penalties
Financial Reporting
- Generate insightful reports to support informed decision making
- Monitor and analyze your financial statements to ensure accuracy
- Year end files: Send all necessary reports to your accountant for tax preparation
Clean Up Services
- Reconciliation: Matching bank statements with QBO
- Error Correction: Fixing mistakes or inconsistencies in financial records.
- Data Organization: Ensuring all transactions are properly categorized and recorded.
- Reporting: Generating accurate financial reports.
- Software Setup: Ensuring the bookkeeping software is properly configured.
New business start ups
- Understanding Your Needs: Discuss your business model, size, and industry to tailor the bookkeeping system to meet your specific goals.
- Customize Accounts: Create a chart of accounts tailored to your business needs. This includes setting up categories for assets, liabilities, equity, income, and expenses.
- Import Existing Data: Migrate data from previous systems or spreadsheets into the new bookkeeping system.
- Set Up Initial Entries: Enter initial transactions, balances, and any other relevant financial data
- Link Accounts: Connect your bank and credit card accounts to the bookkeeping software to automate transaction imports and reconciliation.
- Determine what your needs and requirements to continue to keep your books updated and financial reporting requests.
Projects
- Collaborate on special projects to address your unique financial needs