• We offer three levels of bookkeeping and accounting services:

  • Basic Bookkeeping for essential financial tasks.
  • Full-Charge Bookkeeping for advanced accounting needs like payroll and inventory management.
  • Fractional Controller services for full financial oversight and reporting.
    Additionally, we offer catch-up bookkeeping, MS Excel support, and custom packages tailored to your needs.

• No, Advantage Books does not provide compiled financial statements, reviews, audits, or assurance services. These services must be done by licensed CPAs in public practice.

  • Why is this important? Only CPAs licensed for public practice can ensure that financial statements adhere to Canadian Accounting Standards for Private Enterprise (ASPE), IFRS, or other guidelines.
  • Be Cautious: Bookkeepers claiming to provide financial statements may not follow these standards, which could lead to problems with banks, investors, or regulators.
  • What we do instead: We provide accurate and detailed records in QuickBooks Online, ensuring everything is properly coded and organized for management purposes. This information is not suitable for external use, such as loan applications or investor reviews.

  If you need compiled financial statements, reviews, or audits, we can connect you with trusted CPA firms to handle these services.

• Yes! With QuickBooks Online, you have 24/7 access to your financial information.

  • We’ll ensure your records are accurate and up-to-date.
  • You’ll always know how your business is performing, without waiting for reports.

• Tax Preparation Services are coming soon!
  We plan to launch tax preparation services in Spring 2025. Stay tuned for updates!

• We don’t have a physical office. Advantage Books operates completely remotely for your convenience.

  • We come to you when needed for consultations or meetings.
  • We manage all bookkeeping and accounting tasks online, ensuring seamless communication and access.

• Your files are stored securely using Microsoft OneDrive with industry-standard encryption.

  • This ensures your sensitive financial data is protected from unauthorized access.
  • We prioritize confidentiality and data security at every step.

• Absolutely! We maintain trusted relationships with several CPA firms and can recommend a qualified professional if your business requires:

  • Compiled financial statements.
  • Review engagements.
  • Audit or assurance services.

• We work with small to medium-sized businesses across various industries in Winnipeg, particularly in Waverley West and Bridgwater. Whether you’re in retail, professional services, or manufacturing, we can tailor our services to meet your needs.

• Advantage Books occupies the space between basic bookkeeping and CPA firms.

  • What sets us apart: We act as your outsourced accounting department, providing expertise comparable to a controller or accounting manager.
  • Our focus: Helping you manage your business finances with precision and care, without the high cost of a CPA firm or the limitations of a basic bookkeeper.

• Yes! If our packages don’t fit your exact requirements, we’re happy to create a custom solution for your business.

While CPA firms are excellent for certain financial needs, there are key differences in how we serve your business:

1. Cost-Effectiveness:
   • CPA firms typically charge hourly rates for bookkeeping, which can come at a significant premium.
   • At Advantage Books, we offer fixed-price packages, providing cost transparency and predictability without surprise fees.
2. Focus and Expertise:
   • CPA firms focus primarily on higher-value services like external reporting, audits, and assurance engagements. Bookkeeping is something they also do, but it’s not their primary focus.
   • At Advantage Books, managing your internal accounting and bookkeeping is all we do. We specialize in helping businesses stay on top of their finances with accuracy and care.
3. Who’s Doing the Work?
   • Bookkeeping at CPA firms is often handled by non-CPA staff who may not have the depth of experience or knowledge of a CPA.
   • At Advantage Books, you’ll benefit from a hands-on, engaged team that actively participates in your month-end processes, ensuring everything is accurate and up-to-date.
4. Proactive Communication:
   • We don’t charge you hourly for asking questions or collaborating with us.
   • In fact, we’re so proactive, you might find us regularly reaching out with insights, updates, and advice to help your business succeed.

Our Promise:
CPAs are fantastic for assurance and reporting, but when it comes to day-to-day financial management, Advantage Books is your trusted partner. We’re dedicated to providing personalized, consistent, and expert service every step of the way.

Don’t See Your Question Here?

Contact us directly, and we’ll be happy to answer any other questions you have about Advantage Books and how we can help your business thrive.