Let’s Get Started

We’ve all either done it or know of someone who has.  By this I mean starting a new business.  Some have gotten into the game by buying or taking over an existing business or by buying into a franchise.  Yet others have started it from scratch bringing nothing more than a skill set and, hopefully, a business plan.  Regardless, even for an established business, the personal imprint of the new owner or owners must and will come into play.  New owners bring a renewed sense of vitality to the business whether starting from scratch or taking over something already in existence.  Exciting times!

Things would invariably start with opening a dedicated bank account (a must for new corporations) and managing the early cash flow brought in from things like personal investments, loans, the sale of shares, etc.  A fresh bank account with proper signing authorities is pretty much a given.  With this may come the need to set up credit cards, lines of credit and other means of moving the money around.  If staff are to be involved from the get-go, a means of paying them must also be in place or established quickly.  The financial side of things is only the beginning.

For what it’s worth, my advice from having dealt with the books for many startup and young businesses is to keep the finances between business and personal as separate as absolutely possible.  It is possible to keep track of it but history shows this to be a difficult thing to do at best for most business owners.  Many owners and managers have run afoul of Revenue Canada by poor accounting between business and personal.  We can help with this.

The myriad other things that may or may not come into play in the early going could include such things as:

  • Picking a suitable and allowable location to set up shop for the kind of business being undertaken
  • Making sure all necessary permits are in place
  • Setting up suppliers and bringing in inventory
  • Setting up an office with phones and other necessary services and supplies
  • Hiring staff if this is vital to the startup or early functioning of the business
  • Taking care of advertising to let the world know the business is open or about to be
  • Setting up and managing all things internet including websites, email addresses, social media sites, etc.

The list goes on and on with the above points only scratching the surface.  I haven’t even discussed the unique things that the business is created for, set up, and ready to take care of.  Needless to say, the early life of a business is anything but boring.  With a bit of luck, the new owners will have help in getting everything up and running.  It makes sense to enlist the assistance of professionals that can take care of things that there isn’t the time, staff or expertise to deal with it in the early going.  This is where we at Fiscal Performance can be of service.

One of the upsides of getting the books set up and taken care of from the get-go is that they can reflect and help manage the finances of the business when things are still relatively simple, straight forward and under control.  A mistake we have seen all too often is the neglect of the books right from the start.  This leads to stressful catch-ups and cleanups when government, banks, investors and others come looking for answers and money.  A clean and up-to-date set of books can remove this stressor and also give an ongoing report on how the startup is proceeding and how the money is holding up.

If you are involved in a startup or know of someone who is and could use some assistance with the accounting end of things, I’d be more than happy to have a look and advise on what we can do and what we have to offer.  All it takes is a connection to get the ball rolling.

May you be enjoying all that summer has to offer.




Meet Vaidehi, a dedicated and professional Bookkeeper since 2021, who proudly supports and assists her clients. Her efficiency and expertise shines through her seamless handling of her clients’ financial records including Accounts Receivable, Accounts Payable, Bank Reconciliation and client communication. Trust Vaidehi to provide the support and solutions you need. During her personal time, Vaidehi enjoys dancing, cooking and tending to her garden.


Bookkeeping Manager

Introducing Tinna, our resourceful and dynamic Bookkeeping Manager with over 12 years of hands-on experience. An expert in all aspects of accounting and finance operations, she handles preparation and maintenance of statutory accounting books, reconciling revenue and expenditure accounts, overseeing the preparation of monthly, quarterly, bi-annual and year-end financial statements, implementing stellar accounting systems and controls, budgeting and financial projections. Tinna’s solid background in managing both financial and non-financial assets, investigating and auditing accounts, makes her an asset to the Fiscal Performance team.


Executive Director

A true believer in the power of streamlined workflows and strategic financial planning, Duane is not just about balancing the books; he is also about balancing success with sustainability, innovation with tradition, and growth with groundedness. Bringing together a blend of expertise, experience, and enthusiasm, he is focused on improving systems to continue on providing a high level of customer service to all of Fiscal’s partners, customers and vendors. He invites you to join the Fiscal Performance network and learn how to solve your accounting and bookkeeping challenges today.


Client Service Manager

If you’re seeking a bookkeeper with a passion for precision, a friendly demeanor, and a love for the beautiful game of soccer, then look no further than Olusegun. With over 10 years of experience with auditing and financial analysis, Olusegun brings a unique blend of expertise and enthusiasm to the table. Known for his approachable demeanor and willingness to go the extra mile, he’s not just your typical accountant – he’s a trusted ally in your company’s full cycle financial management. So, if you’re in need of a bookkeeper (with auditing know-how) who gets the job done, valuing integrity and reliability as part of every job, Olusegun is your go-to guy!


Task Manager & Quality Control

Sam is a seasoned Bookkeeping Manager with over 14 years of experience. Proficient in book cleaning, reviews, HST report preparation, and finalizing accounts using QuickBooks, he holds a Bachelor’s degree in Law, and Master’s degree in Commerce. Sam is known for his dedication to meeting deadlines, his collaborative work ethic, and equal prioritization of family and work. A nature and pet lover, he finds solace in music.



Meet Alex, a highly esteemed member of our team, whose accounting expertise spans back to 2015. Holding a semi-qualified Chartered Accountant designation and a post-graduate in Accounting (achieved in 2018) Alex remains steadfast in catering to the needs of clients. Over the course of this distinguished career, Alex has cultivated invaluable proficiency with an array of esteemed accounting software. Renowned for unwavering punctuality, Alex consistently maintains a proactive approach, ensuring meticulous oversight of all deliverables.



Meet Eric, a distinguished professional with a Master of Commerce and a semi-qualified Chartered Accountant. He boasts three years of specialized experience in Canadian and US accounting, using software such as QuickBooks Online, QuickBooks Desktop, and Dext. Eric’s proficiency shines through his seamless handling of onboarding, migration, clean-up, and catch-up projects. Renowned for his tech-savvy approach, Eric leverages his expertise in advanced Excel macro building to empower clients — enhancing their productivity and efficiency. Trust Eric to deliver unparalleled financial solutions tailored to your specific needs, ensuring excellence every step of the way.



Jess is a dedicated Bookkeeper, with a Bachelor of Accounting, who is proud to assist her clients with bookkeeping support, since 2020. Jess is well-versed in a suite of software programs with a focus on QuickBooks Online. Her expertise extends beyond conventional bookkeeping, encompassing Accounts Receivable, Accounts Payable Management, Payroll processing, and adeptly managing the books as per client specifications and needs. She stands out for her swift file processing capabilities and streamlined financial processes at Fiscal Performance.


Task Manager

Meet David, Fiscal Performance’s Task Manager. A distinguished accounting & finance professional since 2014, David is adept in leadership roles. Known for his advanced skills in process implementation and continuous improvement, David works to ensure optimal outcomes for clients. With extensive experience spanning global markets including Canada, USA, UK, and Australia, he specializes in providing comprehensive CFO & bookkeeping services. Proficiency in a variety of accounting software enables him to tailor solutions to meet his clients’ needs effectively. David is detailed oriented and his ability to deal with conflicting priorities in high-pressure situations makes him an VIP at Fiscal Performance.



Introducing Chris, a Reviewer at Fiscal Performance and a seasoned professional in the accounting & finance industry. He boasts a career, starting in 2017, that includes executive roles to team leader positions. A post graduate in accounting, he is proficient in software such as QuickBooks Online and QuickBooks Desktop. Chris has honed his skills over the years, optimizing his bookkeeping processes by prioritizing accuracy and efficiency. Known for his dedication and meticulous approach, Chris consistently seeks out innovative solutions to streamline operations and deliver top-tier results. His commitment to excellence and his proactive attitude makes him an invaluable asset at Fiscal Performance.

Tracy Khamis

CPB, DFA – Bookkeeping Services Specialist™

Managing Director

Always wanting to learn and gain knowledge, Tracy has worked for multiple companies from various industries. Having the opportunity to work in varied industries from small companies to large organizations such as banks, accounting firms, schools, restaurants, construction, manufacturing and the arts has been extremely exciting. Each industry has different rules that apply, along with different government requirements. This experience has provided Tracy with extensive growth and understanding of bookkeeping, multiple software platforms, and in-depth financial report preparation. To know Tracy is to appreciate what she can do to put your books in order and keep them in a timely, relevant and professional manner.

Office: 1-905-662-9437
Mobile: 1-905-818-5328
Email: [email protected]