Cambridge, Ontario

Estate Accounting Services in Cambridge

A clearer record of an estate’s finances.

Renna & Associates Limited provides estate accounting support in Cambridge for executors and estate trustees who need help organizing and presenting an estate’s financial records.

Records

Assets and liabilities

Activity

Receipts and payments

Accounts

Prepared for the agreed purpose

Executors

And estate trustees

The problem

Keep the estate's financial records in order

An estate’s accounts show what it owns and owes, along with money received and paid out. We help you bring those records together so the financial activity can be followed and explained.

Tell us what records you have and what the accounts are needed for. We can then confirm the work involved and the information required.

Estate accounting focuses on that financial record: what the estate holds, what it owes, and the money moving into and out of it.

What the accounts organize

Support with the accounting side of the estate

In words rather than figures: the records the accounts bring together, and what they lead to.

What the estate owns and owes

Assets

What the estate holds.

Liabilities

What it owes.

Money received and paid out

Receipts

Money coming into the estate.

Payments

Money paid out, and other financial transactions, so the activity can be followed and explained.

Leading to

Accounts prepared for the agreed purpose

Discuss the purpose of the accounts and the format required. The scope should reflect the estate’s circumstances and any requirements identified with the appropriate professional advisors.

The right level of support

Need the accounts prepared, or help deciding what to do next?

Estate Accounting focuses on the financial records and accounts. Estate & Executor Advisory helps you identify the accounting and tax support needed for your role as executor.

Getting started

Tell us where things stand

You may be at the beginning of the process or already have records that need to be brought together. A first conversation helps establish what has been done, what you are trying to prepare and how we may be able to assist.

Call 519-740-0518

A general description is enough to start. Please don’t send wills, account details or other sensitive documents through the form.

Helpful to mention

A general description of the estate.

Your role in the administration.

The records you have so far.

Common questions

Is estate accounting the same as filing an estate tax return?

No. Estate accounting concerns the financial records and accounts of the estate. Tax preparation is a related but separate service. We can discuss which work you need covered.

Can I enquire if estate administration is already underway?

Yes. Explain the stage you have reached and the accounting help you need. We can then discuss the records available and whether the work falls within our scope.

Does an estate accountant replace an estate lawyer?

No. Accounting support and legal advice serve different purposes. Questions involving legal interpretation or representation should be discussed with the appropriate legal professional.

What should I prepare for the first conversation?

A general description of the estate, your role and the records you have is a useful starting point. We can identify the documents needed once the scope of the enquiry is understood.

Engagements are led by Fernando Renna, principal of Renna & Associates Limited.

RPA · APA · CAP · C.MGR · MBA · CEA · CH.DBA

Fernando leads the firm’s work in accounting, taxation and management consulting for businesses. As a Registered Professional Accountant and Certified Executor Advisor, he also provides support for estate and trust administration.

Scope

Renna & Associates is not a CPA firm and does not perform audit, review or other assurance engagements. Where assurance is required, we prepare the file and work alongside your external CPA.

Get help with the estate's accounts

Tell our Cambridge office what stage you have reached and which records you need help preparing.

Call: 519-740-0518
Office: 7 Grand Ave S #104, Cambridge
Hours: Monday to Friday, 9:15 a.m. to noon and 1 to 4:30 p.m.