Frequently Asked Questions
Find answers to your questions
What is bookkeeping?
Bookkeeping involves recording, classifying and organizing all of your business's financial transactions. This includes sales, purchases, payments, deposits, payroll and government remittances. It is the foundation of good financial management.
What is the difference between bookkeeping and accounting?
Bookkeeping is the daily recording of financial transactions. Accounting goes further with analysis, interpretation and the production of complex financial reports. At CAP2100, we specialize in bookkeeping, budget planning and automation. For tax filings, we recommend working with a chartered accountant.
Do you do tax returns?
Yes! CAP2100 offers a tax return service for individuals (federal T1 and provincial TP-1) entirely online. However, we do not handle corporate tax returns (T2) — for that, we recommend consulting a Chartered Professional Accountant (CPA).
How does budget planning work?
We analyze your historical financial data, growth objectives and industry sector to build a realistic budget. We then set up tracking tools to compare your actual results against your forecasts and adjust accordingly.
What software do you use?
We primarily work with QuickBooks Online and other recognized cloud solutions. We also adapt to the software your business already uses. The key is to choose the tool that best fits your needs and budget.
How much do your services cost?
Our pricing is tailored to the volume and type of service required. Each engagement is evaluated individually to offer you a fair price. Request a free quote to get a personalized rate.
Are there hidden fees?
No, our pricing is transparent. The agreed-upon price includes all services discussed during the assessment of your needs. Any additional cost for exceptional work is always confirmed with you beforehand.
Do I need to install software on my computer?
No! Our solutions are 100% cloud-based. You access your financial data through a web browser from any device. No installation required.
How long does setup take?
Setup typically takes 1 to 2 weeks depending on the size of your business. We handle data migration, system configuration and training for your team.
How do I get started?
It's simple! Request a free quote or book an appointment for a consultation. We'll analyze your needs, propose a tailored rate and support you throughout the entire setup process.