Before

Accounting Workflow

  • Desktop accounting software

  • Paper-based workflow

  • Poor visibility over performance

  • Manual bookkeeping process with minimal automation

Inventory

  • Manual entry of inventory data

  • Manual entry of Shopify orders

  • No visibility over profit margin by SKU

 

Payroll

  • Manual cheque writing to all employees

  • Manual monthly payment to CRA

  • Paper-based pay-stubs

  • Manual T4 and ROE filings

AFTER

Accounting Workflow

  • Cloud-based accounting software - Xero

  • Paperless (bills, receipts, PO’s)

  • Real-time financial information

  • Highly automated bookkeeping with removal of data entry

Inventory

  • Shopify sales from multiple stores automatically recorded into accounting system through API

  • Detailed reporting over profit margins by SKU

Payroll

  • Employee payments by direct deposit

  • Payment to CRA made automatically with every pay-run

  • Custom portal for employee pay-stubs

  • Electronic T4 and ROE filings

Our Technology Solution

Xero, Shopify, Wagepoint, Online Accounting
 

Multiple warehouses? High volume? Complex Inventory? No problem.

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With ConnectCPA we have finally found an accounting firm that understands that technology plays an integral role in our company’s accounting function. Since we run an online business that experiences a high volume of daily transactions, the need for cloud accounting systems and integrations is paramount to remove the onerous demands of manual data entry from our workflow.
— Catherine Choi, Founder