Full Cycle Accounting Services

Information is critical for any business. You simply can not make good and timely decisions about your business without accurate information.

As a full cycle accounting firm, we follow all the steps necessary to process business transactions and create a set of financial statements.

We can ensure you have the information you need and – when you need it – to grow and manage your business.

How can Gallo & Company serve your business? Start the conversation today.

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Professional Accounting Services

Choosing Accounting Software

Accounting software makes it easier for a business to track their financial health. When used properly, it can create invoices, track expenses and generate a variety of reports.

With so many different programs to choose from, picking the right accounting software for your business can be challenging. As Edmonton accountants, we will walk you through the costs, usability and features of a several software programs, ultimately helping you choose the best fit for your company.

Preparation of Financial Statements

As experienced Chartered Professional Accountants, we use the information from your accounting journal and your general ledger to  prepare your business’s financial statements: the income statement, the statement of retained earnings, the balance sheet, and the statement of cash flows.

Some companies prefer to have their statements prepared monthly to keep a tight hold on their financial position. Other companies have longer accounting cycles. Either way, financial statements must be prepared at the end of the company’s tax year.

Developing Budgets

A key component of financial data activity is in the creation of budgets. Learning how to properly establish a budget can help you manage your financial position. At Gallo & Company, we can help you create a budget that’s ambitious, but realistic – as well as help you set goals, prioritize them and create a way to achieve them.

Bookkeeping Services

At Gallo & Company, our experienced team of professionals can assist you with the ongoing financial recording of transactions that keep your business running smoothly.

You can depend on Gallo & Company for: 

» Invoice, receipt and payment processing

» Payroll systems maintenance and management

» Calculating GST

» Managing Accounts Receivable (A/R)

» Managing Accounts Payable (A/P)

» And more

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