Business Accounting Services
Our Edmonton & Calgary business accounting services are designed to support operations, guide growth, and keep you compliant at every stage from getting started to managing multiple departments, we tailor our approach to fit your structure and industry.
From financial reports to tax planning, we provide detailed, dependable insight that helps business owners move forward with confidence. We also help you prepare for external stakeholders like lenders, investors, or government agencies when needed.
Financial Reporting
We prepare monthly, quarterly, or annual financial statements, including balance sheets, income statements, and cash flow summaries. These reports give you a clear view of your performance and support better decision-making across the business.
Budgeting and Forecasting
We help build realistic budgets and projections based on historical data, market conditions, and upcoming goals. Forecasting also helps identify future cash flow needs, investment opportunities, and operational risks before they impact your bottom line.
Tax Compliance and Planning
Our team ensures your filings are accurate, on time, and aligned with current regulations. We also help you identify tax-saving opportunities throughout the year—so you’re not scrambling at year-end.
Firm Commitment
We believe business owners deserve more than just year-end bookkeeping. At Liu & Associates, we’re committed to offering ongoing support that keeps your financials organized, compliant, and aligned with your goals.
Our accountants work proactively to spot issues before they become problems, offering advice that makes a real difference. We’re here to help you build a stronger financial foundation for the long haul.
Why Choose Liu & Associates
Your books should give you clarity, not confusion. We create clean, easy-to-read financial reports that help you understand how your business is performing, where your money is going, and what to expect next.
Our team manages everything from day-to-day transaction tracking to monthly and quarterly summaries. With consistent, accurate reporting, you’ll always have the numbers you need to make smart, timely decisions.
Cash flow is the lifeblood of any business, and managing it properly can mean the difference between growth and stagnation. We help track your income and expenses in real time, giving you the tools to plan ahead and avoid shortfalls.
Our team also identifies trends, slow periods, and opportunities for better timing on big purchases or payments. You’ll gain more control and flexibility by knowing exactly where your cash is going.
Do I Need A Business Accountant?
Liu & Associates is ready to support your next move, no matter if you manage a startup, family-owned shop, or mid-size company with growth plans.
We offer business accounting services throughout Edmonton, Calgary, and surrounding areas with a focus on clarity, consistency, and long-term value.
Our team works closely with business owners to develop financial systems that actually help. From regular reporting to tax support and forecasting, we’ll keep your numbers working for you.
Get in touch today to book a consultation and find out how we can help your business thrive.
FAQs
The three core financial statements are the balance sheet, income statement (profit and loss), and cash flow statement. Each one tells a different story about your business’s financial health, from overall equity to monthly income and spending patterns.
Ideally, bookkeeping should be updated weekly or monthly to maintain accuracy and catch errors early. Frequent updates also help with cash flow management, budgeting, and staying prepared for tax deadlines or audits.
Cash accounting records income and expenses when money changes hands, while accrual accounting tracks them when they’re earned or incurred. Accrual provides a more accurate financial picture for growing businesses, especially those with inventory or delayed payments.