Business Details
12 Years
experience
Virtual Accounting & Bookkeeping Services
Prosource Accounting specializes in virtual data management and cash flow optimization for growing businesses. Our team leverages an ecosystem of cloud-based software solutions, including QuickBooks Online, to provide real-time financial insights and collaborative workflow capabilities. We implement the Profit First cash management system to prioritize profitability in every transaction, ensuring businesses maintain clear visibility into cash flow status. Our services include CRA compliance audits, customized financial reporting, and business coaching to help clients interpret financial data effectively.With over 15 years of combined experience in bookkeeping and tax preparation, our team delivers tailored solutions that integrate seamlessly with clients' operational needs. We focus on transforming accounting from a transactional function into a strategic tool for business growth, offering 24/7 access to financial systems and dedicated support through unlimited phone/email consultations. Our approach combines technical expertise with personalized guidance to help entrepreneurs make informed financial decisions.
Services
Bookkeeping Services
Cloud Accounting
Tax Compliance
Financial Reporting
Business Coaching
Payroll Processing
Profit First Implementation
Software Integration
Details
- Year established: 2014
Highlights and features
- We implement the Profit First cash management system for proactive financial control
- Our team provides 24/7 access to cloud-based accounting systems
- We offer CRA compliance audits with digital document tracking
- We deliver customized financial reports for informed decision-making
- Our business coaching helps clients understand financial data effectively
Associations and certifications
- QuickBooks ProAdvisor
Services
Bookkeeping Services
Our virtual bookkeeping services maintain accurate financial records using cloud-based systems. We handle transaction categorization, bank reconciliations, and financial statement preparation. Our team ensures your books stay current for informed business decisions.
Cloud Accounting
Cloud accounting solutions enable real-time financial access from any device. We implement secure systems with software integrations for seamless workflow automation and remote collaboration capabilities for business owners.
Profit First System
The Profit First cash management system restructures financial operations to prioritize profitability. We implement this framework to transform cash flow management and ensure sustainable business growth through strategic allocation.
Tax Compliance
Our tax compliance services ensure accurate CRA reporting with digital documentation. We maintain audit-ready records through integrated software systems that track all accounting transactions for regulatory compliance.
Business Coaching
Business coaching helps clients understand financial data through personalized guidance. We provide strategic insights and answer questions to make financial information accessible and actionable for business owners.
People
Michelle Atefi
Founder and CEO
Michelle Atefi founded Prosource Accounting to help entrepreneurs grow profitable businesses. With expertise in virtual financial systems and Profit First methodology, she combines strategic vision with hands-on experience in business growth strategies.
Sherry
Lead Bookkeeper
Sherry brings 15+ years of bookkeeping experience to Prosource Accounting. Specializing in tax preparation and financial systems implementation, she ensures accurate records and compliance while maintaining a client-focused approach to financial management.
Questions
What accounting services do you offer for small businesses?
We provide virtual bookkeeping, cloud accounting, Profit First implementation, financial reporting, tax compliance, payroll processing, and business coaching services tailored to small businesses.
How does your Profit First system work?
Our Profit First approach prioritizes profit by structuring cash flow management to allocate profits first, then expenses, ensuring businesses maintain healthy cash reserves for growth.
Do you work with businesses outside Barrie?
Yes, our cloud-based solutions allow us to serve clients nationwide through virtual collaboration tools and remote accounting systems.
What software do you use for accounting services?
We primarily use QuickBooks Online integrated with complementary tools like Dext, WagePoint, and Plooto for receipt management, payroll, and payment processing.
How often do you provide financial reports?
Reporting frequency varies by package - from monthly with follow-up calls to quarterly reports, with customized reporting available upon request.
What experience does your team have?
Our team includes a founder with entrepreneurial experience and a lead bookkeeper with 15+ years in tax preparation and financial systems implementation.
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