WHAT WE DO

Bookkeeping That Serves Your Needs

We understand that your accounting and bookkeeping needs are unique. That's why Tropea Associates offers a diverse range of services designed to meet your specific requirements. Our mission is to ensure that your financial management not only meets industry standards but aligns seamlessly with your business operations.

We offer a range of accounting and bookkeeping services to fit your unique needs.

Bank and Credit Card Reconciliation: We meticulously reconcile your bank and credit card transactions to ensure accuracy and reliability in your financial records.
Accounts Receivable and Payable Management: Our expertise extends to managing your accounts receivable and payable, helping you maintain a healthy cash flow.
Maintaining a Balanced Set of Books: We keep your books balanced, ensuring that your financial data is consistently accurate.
Precise Payroll Processing: Trust us with your payroll processing, and rest assured that your employees will be paid accurately and on time.
Expertise in Regulatory Remittances and Reporting: We stay up-to-date with all regulatory requirements to ensure your business remains compliant.
Implementing Efficient Office Processes and Transitioning to a Paperless Environment: We help you streamline your office processes and move toward a paperless work environment, increasing efficiency and reducing environmental impact.

BOOKKEEPING SERVICES

Accounting Software Setup and Training: We set up accounting software tailored to your needs and provide team training.
Financial Planning and Analysis with an Outsourced Controller: Comprehensive financial planning and analysis to support your strategic decision-making.
Streamlined Year-End Package: Prepare year-end financial packages with detailed supporting documents and schedules, earning trust from accounting professionals.
Staff and/or Business Owner/Manager Training: Empower your team with training in accounting principles, software usage, and financial analysis, ensuring they have the skills needed for success.
Catch-Up and Clean-Up Services: Rectify bookkeeping discrepancies with our catch-up and clean-up services.
Expertise in Audit Facilitation: We specialize in representing our clients through the audit process, offering peace of mind during challenging times.

ACCOUNTING & SPECIALIZED SERVICES

Our approach goes beyond numbers and financial tasks. We deeply understand your business and tailor our services to your specific requirements. Our goal is to provide efficient and effective accounting solutions that seamlessly integrate with your operations. Your success is our top priority.

We are Committed to Excellence & Integrity

Tropea Associates is a leading bookkeeping firm committed to excellence, integrity, and personalized service. With a team of highly skilled professionals, we understand your unique financial needs and deliver solutions that drive your business forward.

Our personalized approach goes beyond numbers and financial tasks. We deeply understand your business to tailor our services to your specific requirements. Our goal is to provide efficient and effective accounting solutions that seamlessly integrate with your operations.

YEAR-END SERVICES

Streamline Your Year-End

At Tropea Associates, we specialize in compiling year-end financial statements with supporting documents for our clients' accountants so that the they can seamlessly prepare any year end tax filing and financial reporting. Our meticulously organized packages, with explanatory notes, proactively address the queries that accountants would usually have. Providing the information in advance allows the accountant to produce accurate financial statements that are used to review important items with the client, such as tax planning, remuneration, and business goals, concerns and direction. Committed to excellence, we deliver accurate, transparent, and compliant financial information. Contact us to discuss your needs and benefit from our expertise, trusted by accounting firms.

STREAMLINED FINANCIAL MANAGEMENT

Unlock Business Success with Tropea Associates' Outsourced Controller Services

At Tropea Associates, we understand the critical role of effective financial management in driving business success. That's why we offer outsourced controller services designed to streamline your financial operations, provide valuable insights into your financial health, and act as a support and coach to your in-house bookkeeping staff. As your trusted outsourced controller, we act as a strategic partner, guiding and overseeing your company's financial activities. Our comprehensive services include:

Acting as a support and coach to your in-house bookkeeping staff, providing guidance and expertise.
Developing and implementing customized financial strategies aligned with your business goals.
Streamlining financial operations to improve efficiency and optimize resource allocation.
Conducting regular financial analysis to evaluate performance, identify trends, and mitigate risks.
Ensuring accurate and timely financial reporting to support informed decision-making.
Assisting with budgeting, forecasting, and cash flow management to optimize financial resources.
Implementing internal controls and processes to maintain compliance and safeguard assets.
Providing valuable insights and recommendations for improving financial performance.
Collaborating closely with your team to understand your unique business needs and goals.

CRA AUDIT SUPPORT

Support with CRA Audit & Compliance

If your business is audited, we are specialized in representing clients in dealings with the Canada Revenue Agency (CRA), WSIB, and other governing bodies. With years of expertise, Lydia's team adeptly manages audits, examinations, and compliance requests from CRA, WSIB, and Service Canada. We have a successful track record representing clients in HST, payroll, and corporate tax compliance matters, and skillfully negotiate payment plans for accounts in arrears. Navigating interactions with CRA can be overwhelming, but with us as your representative, we alleviate the stress. Contact us to discuss your needs and tap into our experienced support.

"Lydia and her team handled our CRA concerns and integrated our books into her system without a hitch, allowing me to get back to running my business."
— SARAH H.

ACCOUNTING LIASON SUPPORT

Boost the Value of Your Accountant Meetings with Expert Support

We act as a liaison between your business and the accounting firm, bridging the gap and facilitating effective communication. We understand that navigating the technicalities of tax planning and compliance can be daunting, so we help translate complex accounting concepts into actionable insights that align with your tax planning objectives. By working closely with both you and the accounting firm, we ensure that your tax planning objectives are understood and executed effectively. We collaborate with the accounting firm to develop tax strategies that minimize liabilities and maximize savings while complying with relevant regulations. Our aim is to empower you to actively participate in the tax planning process, providing you with the knowledge and guidance needed to make informed decisions. We work hand in hand with you to review financial statements, identify tax-saving opportunities, and support your tax planning objectives. By serving as a liaison and providing financial education, we facilitate a strong partnership between you, the business owner, and the accounting firm. This collaboration ensures that your tax planning efforts align with your overall business goals and objectives. At our boutique-style accounting and bookkeeping company, we strive to be your trusted advisor, helping you navigate the complexities of financial statements and tax planning. Our goal is to empower you with the knowledge and support necessary to make informed decisions and achieve your tax planning objectives.

CUTTING EDGE TECHNOLOGY

Pain Free Transition to New Accounting Software

In addition to our expertise in accounting software, we offer cutting-edge solutions that ensure seamless connectivity and accessibility for our clients. If you're currently using QuickBooks Desktop and wish to continue, rest assured that we have you covered. Take advantage of our virtual private network solutions (VPNs), cloud-based platforms, and other remote access options, which enhance collaboration and efficiency. With these tools, you can access your QuickBooks Desktop data from anywhere, including Mac devices. At our boutique-style accounting and bookkeeping company, we understand that the world is rapidly changing, and more businesses are opting for remote work. That’s why we provide support for various forms of remote access to accounting software.Whether you are working from home or running a business in another location, our team has the expertise to help you access your accounting software remotely. We can help you set up virtual private networks (VPNs), cloud-based solutions, and other remote access options, so you can manage your financials from anywhere. With our support for remote access, you can rest assured that your financial data is always safe and secure, even when you're not physically in the office. Plus, you’ll enjoy the convenience of being able to access your financial data anytime, anywhere, from any device. We will only suggest what will work best for you. We don't have 'our favorite' software that we would push on you. Your best interests are at the heart of our recommendations. While we excel in working with various online accounting programs, our specialization lies in understanding the advantages of each top-tier solutions on the market and how they can best meet the individual needs of your business. Once we have looked at the options and you have chosen what is best for your company, Tropea Associates will facilitate the transition from your current system to the new program. In most cases, this includes a process that converts all of your data to the new accounting system, ensuring a seamless and efficient transition of your books with the least amount of interruption of operations which include training and support with the new software! You are not alone!