CG Accounting & Bookkeeping Inc.

For most businesses, relying solely on the bank feed to record transactions is not ideal because it effectively turns the bookkeeping into a cash-basis system. Bank feeds only capture activity when money moves in or out of the bank, which means income and expenses are recorded at the time of payment rather than when they are earned or incurred.

This approach can lead to incomplete or misleading financial statements, especially for businesses that have invoices, accounts payable, inventory, loans, payroll liabilities, or prepaid expenses. These items exist before or after the cash actually moves and therefore won’t be reflected properly if bookkeeping is based only on bank transactions.

While bank feeds are a helpful tool for efficiency and reconciliation, they should be used to match and verify transactions, not as the primary method of recording business activity. Proper bookkeeping records transactions based on the actual business events, ensuring financial reports accurately reflect the company’s performance and obligations.

Today we acknowledge the employees who keep everything running. 👏

Your hard work, dedication, and commitment don’t go unnoticed. We truly appreciate everything you do each day. Thank you for being such an important part of our team!

Good bookkeeping means separating business decisions from personal habits.

A gentle reminder: not every purchase becomes a business expense just because it crossed your mind during work hours.

Our business earned BBB Accreditation!

Being an Accredited Business is one way we demonstrate our values of honesty and integrity in business to the community.

Cutting corners in bookkeeping might save a few bucks… but mistakes cost way more.

At CG Accounting, we make sure your books are clean, accurate, and stress-free, so you can rely on the numbers to make data-driven choices.



Contact us today!

Questions? Contact us!
📞 (289) 389 1749
🌐 cg-accounting.ca
📍 45 Goderich Road Unit 8 Hamilton, Ontario

Heads up, Ontario businesses! 👋
The WSIB has issued another surplus rebate starting October 2025.

We’ve broken down the key details in this post, including important dates, account requirements, and what to check before rebates roll out.


Questions? Contact us!
📞 (289) 389 1749
🌐 cg-accounting.ca
📍 45 Goderich Road Unit 8 Hamilton, Ontario

On this Remembrance Day, we pause to remember

If you don’t have a CRA Account yet, it’s time to change that.

It’s your personal portal with the Canada Revenue Agency, where you can check your tax info, benefit payments, refund status, RRSP/TFSA limits, and more all in one place.

At CG Accounting & Bookkeeping, having a CRA account is now required as a part of our onboarding process for new clients. This will allow for us to ensure compliance with the CRA for your payroll, HST & corporate taxes.

Not sure how to set it up? Don’t worry, swipe through for the full step-by-step breakdown.

Real feedback from real clients.

We’re proud to support businesses with bookkeeping services they can trust and results they can rely on.

Thanks to our amazing clients for sharing their experiences with CG Accounting & Bookkeeping.

Contact us today!
📞 (289) 389 1749
🌐 cg-accounting.ca
📍 45 Goderich Road Unit 8 Hamilton, Ontario

Profit margins are a key financial metric that show how much profit a company makes for every dollar of revenue. There are different types—gross, operating, and net profit margins—each offering insight into various stages of a company’s cost structure. Higher margins typically indicate strong pricing strategies, good cost control, and overall financial efficiency. Monitoring profit margins helps businesses identify areas for improvement and stay competitive.

👻 It’s officially spooky season... but your books don’t have to be scary! 📚💀 Let CG Accounting take the fright out of your finances so you can focus on treats, not tricky transactions. 🎃🧾