Welcome!

Based in beautiful Vernon, BC, Integral Accounting Inc. – Chartered Professional Accountant delivers professional accounting , bookkeeping and tax preparation services to businesses, strata corporations, and local governments.

 Accounting & Tax
Serving Vernon and area, Integral prepares compilation and tax engagements for micro and small businesses, strata corporations, and non-profit organizations.

 Outsourced CFO & Controller
Serving businesses in the Okanagan, Integral acts as your part-time or temporary CFO or Controller, providing up-to-date, reliable financial information and advice for your business.

 Local Government Finance
Serving local governments throughout BC, Integral assists your in-house team with your next finance project. CaseWare and CaseView implementation and support available.

If you require up-to-date, reliable financial information to make timely and wise decisions, contact Integral.

Accounting & Tax

Do you need a Public Accountant?

If you manage a small business or strata corporation and need accounting, tax preparation, and bookkeeping services, rely on  Integral Accounting Inc. – Chartered Professional Accountant. We also have experience with business start-ups.

Integral can help you:

  • Prepare financial statements
  • Understand your financial results
  • Minimize current and future tax liabilities
  • Choose the right accounting software for your needs
  • Set up and maintain bookkeeping

Turn to Integral for:

  • Compilations
  • T1, T2, T3, and terminal tax returns
  • Budgets, tax planning, and tax research

 
Frequently Asked Questions

Can you help me start my business?

Integral Accounting has experience with business start-up, including tasks such as:

  • designing accounting procedures and internal controls;
  • creating HR manuals and forms;
  • interviewing, hiring and training staff;
  • implementing accounting software;
  • opening a business account with CRA;
  • determining whether you need to register for PST;
  • opening bank accounts and obtaining financial services;
  • deciding whether to incorporate or not.

How do I get started?

Integral provides a complimentary one-hour consultation to help you determine your accounting, bookkeeping, and tax needs.

Contact Integral Accounting Inc. to schedule your complimentary consultation.

Contract CFO & Controller

Do you need a CFO or Controller?

You may already have a bookkeeper to cover your daily business needs, and a public accountant who provides annual financial statements and tax returns.

But you also require up-to-date, reliable financial information and advice to make timely and wise decisions for your business.

Integral Accounting Inc. – Chartered Professional Accountant acts as a part-time Chief Financial Officer (CFO) or Controller to provide experienced professional accounting and finance support.

  • A Controller focuses on financial and management reporting, compliance, budgeting, and managing the accounting department.
  • The Controller is responsible for preparing the historical financial information that the CFO needs to perform his or her duties.
  • A CFO is expected to provide strategic direction, forecasting, financial planning, and financing. A CFO’s work is primarily future oriented.

If your business requires accounting and finance support, but you don’t have time to hire, train, or supervise an employee, consider outsourcing to Integral Accounting Inc.

Integral can help you:

  • Interpret financial information
  • Improve decision making
  • Focus on your customers
  • Plan strategically
  • Increase financial control

Turn to Integral for:

  • Staff hiring, training, and supervision
  • HR policies, procedures, forms, and manuals
  • Multiple foreign currencies
  • Consolidation of multiple corporate entities with non-controlling interests
  • Quarterly and annual financial statements and working papers
  • Design and monitor internal controls
  • GST and PST compliance
Frequently Asked Questions

Why outsource?

As a business owner, there are many demands on your time. You need reliable help without the added work of hiring, training, and supervising another employee. Outsourcing allows you to spend more of your valuable time on your core business.

When do I need a CFO or Controller?

Businesses who are experiencing one or more of the following situations may wish to consider hiring a part-time Chief Financial Officer (CFO) or Controller to assist them throughout the year:

  • You are experiencing cash flow problems, or plan to ask the bank for a loan
  • Your profitability has been declining, and you need help increasing revenues and/or decreasing expenses
  • You have brought investors or partners into the business and now need more sophisticated financial reporting
  • You need more timely and in-depth information about the performance of your business, or help interpreting your financial information
  • Your business has grown and you are spending more of your time on administrative tasks than on revenue generating activities
  • Your accounting clerk has left and you need someone to interview, hire, and train someone new
  • Your usual CFO/Controller has left and you need someone to fill in and help you hire someone new

How is a CFO or Controller different from a Bookkeeper?

A Bookkeeper has training and/or experience in accounting and records the financial transactions of a business. In a small business, one or more bookkeepers may be responsible for recording all transactions. In larger businesses, bookkeepers may specialize as accounting clerks for accounts payable, accounts receivable, or payroll. In businesses with high transaction volumes, a supervisor manages a team of accounting clerks.

A Controller has a professional accounting designation and designs, implements, and monitors the accounting system used to capture financial data. The Controller provides guidance to accounting staff responsible for recording transactions. In addition, the Controller analyzes, interprets, and communicates financial information to management, usually in the form of a monthly financial report.

If you already have an external bookkeeper or internal accounting clerk, a Controller assists you by monitoring internal controls and interpreting financial information for you.

How is a CFO or Controller different from a Public Accountant?

A public accountant is an independent consultant who has in-depth training and experience in performing compilation, review, and audit engagements, and tax planning and tax returns. Clients usually communicate with their public accountant at least once a year.

A Controller works directly for the business as an employee or as a contractor. A Controller has a broad variety of skills and is expected to advise management on a wide range of business issues on a frequent basis.

If you already have a public accountant, a Controller assists you by providing monthly financial reports and advising you on business issues as they arise.

What is the difference between a CFO and a Controller?

A Controller focuses on financial and management reporting, compliance, budgeting, and managing the accounting department. The Controller is responsible for preparing the historical financial information that the CFO needs to perform his or her duties.

A Chief Financial Officer (CFO) is expected to provide strategic direction, forecasting, financial planning, and financing (e.g. raising money through debt or shares). A CFO’s work is primarily future oriented.

What are typical Accounting Roles?

There are traditional accounting and finance roles within a company. In large organizations, each role is typically held by an individual – see responsibilities outlined below. In small organizations, a single person may perform all roles.

Chief Financial Officer (CFO) or Finance Officer

  • Oversight of financial operations
  • Forecasting
  • Planning
  • Strategy
  • Financing

Controller

  • Financial reporting
  • Management and cost reporting
  • Internal controls
  • Budgeting
  • Compliance

Treasurer

  • Short- and long-term financing
  • Banking and investments
  • Cash management
  • Financial risk management

Internal Audit

  • Risk assessment
  • Evaluating controls
  • Monitoring

In a public practice firm, staff often hold a CPA designation and practice in one of two areas.

In large firms, professionals specialize within accounting or tax, whereas in small firms, professionals may perform a wide variety of services in both areas. Some firms offer additional services such as consulting or insolvency.

Accounting

  • Prepare working papers for compilation engagements
  • Obtain a general understanding of many different industries
  • May specialize in ASPE (Canadian private), PSAB (public sector), or non-profit accounting standards

Tax

  • Tax planning
  • Tax return preparation
  • Assistance with CRA tax audits
  • May specialize in Canadian corporate tax, Canadian personal tax, or indirect tax (GST, PST)

Where do you work?

Integral Accounting Inc. will attend your office during regular business hours. After-hours work may be performed remotely from Integral’s office location.

How do I get started?

Integral provides a complimentary one-hour consultation to help you decide:

  • whether you require temporary or on-going support,
  • how many hours or days of support are required each month, and
  • which specific needs you wish to address.

Contact Integral Accounting Inc. to schedule your complimentary consultation.

Local Government Finance Consulting

Are you a Local Government Finance Professional?

If you require assistance with a special project in the finance department that you don’t have the time to execute and supervise, consider outsourcing to Integral Accounting Inc – Chartered Professional Accountant.

Integral can help you:

  • Implement CaseWare to streamline the preparation of annual working papers, LGDE,and SOFI;
  • Implement CaseView to take control of your financial statements;
  • Design internal and external financial reports;
  • Evaluate, strengthen, and document internal controls;
  • Adopt new PSAB handbook sections;
  • Implement new software.

Turn to Integral for:

  • Financial statements and working papers
  • LGDE, SOFI
  • Monthly management reporting
  • Design and monitor internal controls
  • Supervision of AR, AP, and Payroll functions
  • Occupational health and safety
  • Risk management
  • Treasury management
  • Public sector GST and PST compliance
  • Adoption of new PSAB handbook sections
    • Tangible Capital Assets
    • Contaminated Sites
    • Financial Instruments
    • Related Party Disclosures
    • Portfolio Investments
Frequently Asked Questions

Where do you work?

Integral Accounting Inc. will attend your office during regular business hours. After-hours work may be performed remotely from Integral’s office location.

How do I get started?

Integral provides a complimentary one-hour consultation to help you decide:

  • what is the scope of your project;
  • whether staff support is required; and
  • what is an appropriate project budget.

Contact Integral to schedule your complimentary consultation.