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Tuesday, March 14 2017
Accounting Services for Yoga or Dance Studios



Autopay Membership Processing

Automate your monthly recurring memberships with MindBody Online payment processing. If your students prefer to pay by pre authorized debit, we will handle the back end and process the electronic funds transfers monthly and update the student's profile in MindBody Online. Need help with collections? We can help make those calls as well


Daily Close Out Reconciliations

We can help train your front desk staff to close out the day's transactions and prepare the nights cash deposits. We will reconcile the daily close outs to ensure accuracy, and verify that funds were deposited into your business bank. In addition to cash sales, we also reconcile terminal POS deposits and transactions ran though Mindbody Online.  



Accounts Payables Processing

Send us an electronic copy of your supplier invoices and we will process either by credit card, check(s), or EFT. Your files will be saved and neatly filed in our secure online storage management system at no extra cost. You can access your files at anytime to look up prior vendor history and to view status of pending payables. 


Process Teacher Payments and Payroll

We can help with processing subcontractor payments for teachers based on number of classes taught and any other arrangement you have with each teacher. We can also run payroll for your studio staff and prepare the government remittances as well. Do you offer extended health benefits? We can also help with group benefits administration. 



Bank and Credit Card Reconciliations

To ensure accurate monthly bookkeeping and recording of your business transactions, we will reconcile your business bank accounts(s) and credit card(s). We utilize transaction downloads to minimize the data entry time and will retrieve your statements online as part of our paperless system efforts. 


File GST, PST, Payroll Taxes, Worksafe and other Government Compliance reports

We will keep your corporate governance in check by filing the necessary sales tax, payroll tax, work safe reports, T4 summaries, T5s, Roes and other regular corporate governance reports that pertain to your business. 




Budget Vs. Actuals Reports

Let us help with planning and monitoring your budget. We can provide a weekly and monthly variance reports which measures and identifies your business's revenue and expenditures so that your business can adapt quickly to any financial changes and achieve its financial goals. 



Posted by: Josephreen AT 08:30 am   |  Permalink   |  0 Comments  |  Email
Wednesday, March 01 2017


QuickBooks Online

QuickBooks Online simplifies financial management and
allows you to access your accounts from anywhere, freeing
up more time to focus on other business priorities.


With 15+ Years Full-Cycle Accounting Experience...
Bloom Accounting can streamline your business, keeping administrative costs down, business processes efficient,
​while maintaining accuracy and data security by using QuickBooks Online.



  Here’s how it could benefit your business:

Create branded invoices and estimates 
Quickly create professional looking branded invoices and estimates with your logo and preferred font,
then send them by email to clients.  Add a Pay Now button to your invoices and let your customers pay you online. 



Get things done when you are on the go 
Access real-time customer data and send estimates or invoices from a PC, Mac, tablet or smartphone.1



Connect to your bank account 
Automatically import and reconcile bank account transactions from major banks.2


To find out more, get in touch with us today.


Josephreen Luk, CPA



Posted by: Josephreen AT 09:00 am   |  Permalink   |  0 Comments  |  Email
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