- +91-9810194996
- info@gecglobal.net
- B-1/52, Level 2, Near Petrol Pump Janakpuri New Delhi – 110058 India
GEC Global provides a full range of accounting services tailored to Canadian businesses, designed to help you manage your finances, grow your business, and achieve your goals. Our expert team ensures compliance with local regulations, accurate financial reporting, and strategic insights for better decision-making. By partnering with GEC, you gain a trusted ally dedicated to optimizing your financial health and driving long-term success. With our proactive approach and personalized solutions, we empower your business to navigate challenges and seize opportunities. Experience unparalleled support that transforms your financial management into a competitive advantage.
Experience unmatched financial clarity with GEC’s customized bookkeeping support, designed to give your business a competitive edge. Our seasoned professionals ensure precise and accurate financial records, fostering transparency and providing valuable insights for informed decision-making. From reconciliations to income statement preparation and timely balance sheet creation, our dedicated team streamlines your financial operations. Harness the power of GEC’s accounting expertise to optimize your business processes and drive sustainable growth.
Core Bookkeeping Tasks:
- Manage Chart of Accounts
- Posting Nominal Ledgers
- Entering Nominal Expenses
- Preparing bank and credit card reconciliations
- Preparing Journals for Month Ends
- Preparing cheque payments
- Preparing trial balances
- Managing Multi-Currency Accounting
- Record & Document Management
- HST (Harmonized Sales Tax) Filing – Applicable in provinces that have harmonized their sales tax with the federal GST, such as Ontario, New Brunswick, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island.
- GST (Goods and Services Tax) Filing – Required for businesses operating in provinces that only impose federal GST, such as Alberta.
- PST (Provincial Sales Tax) Filing – Managed for businesses operating in provinces with separate PST, including British Columbia, Saskatchewan, and Manitoba.
- Accurate Tax Calculations – Ensuring proper tax collection, input tax credits (ITCs), and reconciliation with financial records.
- Filing on Time – Avoid penalties and interest charges by meeting deadlines set by the Canada Revenue Agency (CRA) and provincial tax authorities.
- Audit Assistance – Providing support in case of tax audits or inquiries from CRA or provincial tax bodies.
- Advisory on Tax Credits & Rebates – Identifying eligible tax credits and rebates to optimize cash flow.
At GEC, we recognize the critical importance of preparing accurate and comprehensive annual financial statements. These statements serve as the cornerstone of a business’s financial health, providing insights into its performance, profitability, and financial position. Our meticulous preparation process includes the creation of balance sheets and profit & loss accounts, ensuring that each financial statement adheres to applicable GAAP or financial reporting standards. This compliance not only meets regulatory requirements but also instills confidence among stakeholders, investors, and regulatory bodies. By entrusting GEC with your year-end account preparation, you benefit from our expertise, precision, and commitment to delivering financial clarity and accountability.
Unlock your business’s potential with GEC’s tailored payroll services, designed to meet your unique needs. Our expert solutions eliminate the complexities of in-house payroll, allowing you to focus on growing your business. Backed by extensive experience, we provide cost-effective services for businesses of all sizes, ensuring accurate processing and compliance.
With clear, concise payroll reports, we simplify financial management and enhance decision-making. Our meticulous attention to detail ensures compliance and accuracy at every step. Let GEC handle the details while you concentrate on scaling your operations and achieving your core objectives efficiently.
Services Offered:
- Setup & Compliance
- Obtaining necessary tax withholding forms from employees
- Creation and filing of new hire reports
- TD1 Forms
- Payroll Processing
- Performing payroll calculations after considering necessary federal and state withholding
- Processing payroll on various schedules (weekly, bi-weekly, bi-monthly, or monthly)
- EI & CPP Contribution
- Tax & Reporting
- Processing deposit of federal and state payroll taxes as per required frequency.
- Issuing annual payroll forms to employees (T4)
- Ongoing consulting on payroll-related matters
Safeguard your business against fraud and boost its growth with GEC’s customized internal control solutions. Our strategies protect your assets, revenue leakages, streamline operations, and ensure compliance with industry standards. We identify risks before they become threats, empowering you with transparent processes and data-driven decision-making.
We achieve the above in the following manner:
- First and foremost activity is the segregation of duties. Ensuring that no single person has control over all aspects of any financial transaction. This considerably reduces the risks of frauds.
- Make sure transactions are authorized by a person delegated with approval authority when the transactions are consistent with policy and funds are available. Routine reconciliation and independent reviews
- Routine reconciliation of records and review by an independent person other than the preparer.
- Creation of accounting and operational policies to perform the work in a standardized manner.
- Review of business operations to check whether established procedures continue to be effective and efficient. If there is a need to revise those, a review of existing procedures is carried out to address changes in business practices.
GEC empowers businesses to amplify their strengths by expertly handling routine tasks with precision and confidentiality. Our services, including proactive follow-ups on outstanding receivables and prompt reporting, boost operational efficiency and enhance cash flow management. Partnering with us allows you to focus on innovation, strategic expansion, and achieving long-term goals.
Services Include:
- Tracking invoiceable events
- Preparation of invoices and mailing after approval
- Accounting for receivables transactions
- Follow-up on outstanding receivables
At GEC, we understand that suppliers are crucial to your business’s success. We specialize in vendor management, payables aging support, and invoice processing, ensuring reliable supplier relationships. Our solutions provide timely tracking of payables, enabling you to secure early payment discounts, maintain goodwill, and avoid costly delays.
Services Include:
- Sorting, scanning, and indexing invoices and processing as per the business policies.
- Upload of invoices in the AP system and release of invoices for payment
- Accounting for AP invoices and financial statements
- Utilities bill management
- Reporting Accounts payables
- Employee expenses processing
- Payment handling through electronic mode
- Compliance checks and audit mechanisms
Efficient bookkeeping is the goal for every business owner. However, recruiting an in-house accountant can be daunting. At GEC, our Virtual Accountant Services make it a breeze. Say goodbye to the stress of hiring an in-house accountant—our expert support comes at competitive rates. Whether you need part-time or full-time help, our virtual services ensure smooth bookkeeping and compliance. With GEC, take charge of your finances while saving time and money, maintaining accuracy and professionalism.
Benefits of Virtual Accountant Services:
- Strategic Cost Optimization
- Replace in-house accountants with virtual experts, reducing fixed costs
- Benefit from industry-competitive pricing without compromising quality
- Minimize overhead expenses like office space and employee benefits
- Tailored and Scalable Solutions
- Flexible options with part-time or full-time dedicated accounting professionals
- Services that adapt as your business evolves
- Customized bookkeeping and compliance support aligned with your goals
- Expertise with Transparent Oversight
- Access skilled accountants with knowledge of regulations
- Full visibility and control over financial processes with real-time updates
For emerging businesses, financial direction can be challenging. Our Virtual CFO support provides strategic guidance throughout your growth journey. By offering cost-effective solutions, we ensure meticulous financial oversight and deliver clear, real-time insights. This empowers you to drive growth, acquire customers, and make informed decisions—all while addressing essential financial concerns efficiently, without the commitment of a full-time CFO.
Virtual CFO Services:
- Financial Oversight & Improvement
- Overseeing, protecting and constantly improving the financial side of your business.
- Improve quality and timeliness of financial information.
- A readily available sounding board to help you with those tough business decisions and help you clarify your business plans.
- Training and managing your accounting staff.
- Strategic Planning & Support
- Creation of accounting policy manuals.
- Support in obtaining funding at the right costs.
- Define tax-saving strategies and control budgets.
- Supporting you achieve medium-term and long-term objectives.
- External Relations & Analysis
- Profitability analysis by service/product line.
- Cash management assistance and liaising with banks, attorneys, and vendors.
- Mergers and acquisitions assistance.
- Trend analysis.
- Assistance in obtaining financing from banks, including assistance with negotiations.
- Review/negotiation of insurance policies.
- Development of company accounting procedure manuals.
- Analysis of equipment purchases, expansions etc.
Starting a business requires more than ambition; it demands a clear understanding of every component—revenue, product, pricing, expenses, suppliers, funding, and growth goals. A well-crafted strategic business plan aligns short- and long-term objectives, turning ideas into actionable success paths. Success isn’t just about having brilliant ideas; it’s about executing them with clarity and purpose.
When a Strategic Plan is Helpful:
- Starting a new business or venture
- Thinking of expansion of current business either through borrowings or own money
- Acquisition of another business
- Restructuring of a business
GEC specializes in cash flow management to ensure your business maintains financial stability and operational efficiency. We help monitor, analyze, and optimize cash inflows and outflows, preventing liquidity issues. With tailored strategies, we improve cash reserves, reduce risks, and ensure timely payments.
Services Include:
- Obtaining the right line of credit
- Drafting cash management policies
- Supporting cash flow projections for surpluses/deficits
- Drafting efficient payment policies
GEC India Consulting LLP is a professional consulting firm incorporated under the laws of India. GEC is not a CPA firm, law firm, or a substitute for such professional services. The firm’s operations, services, and offerings are governed by India laws. Accordingly, any legal matters related to the services provided by GEC shall be governed by the laws of India, and the exclusive jurisdiction for resolving disputes will rest with the courts in India.
While GEC provides a range of advisory and consulting services, clients are strongly encouraged to seek specific advice from licensed professionals such as certified accountants, attorneys, or other experts within their respective jurisdictions. GEC does not provide legal or accounting services in the capacity of a CPA or attorney and makes no representations regarding the applicability of local laws or regulations in other countries.
The services offered by GEC are intended for informational and strategic purposes only. While we strive for accuracy, GEC is not responsible for any actions taken based on the provided information or services. Clients should independently verify the appropriateness of any advice or recommendations in relation to their specific needs and circumstances.
By engaging GEC’s services, clients acknowledge and agree to the terms outlined in this disclaimer. We reserve the right to modify or update the content of this disclaimer as necessary, and such changes will be effective immediately upon posting.
GEC India Consulting LLP
Incorporated under the laws of India
Jurisdiction: Courts of India