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You’re revolutionizing healthcare. We’re Just here to keep the books happy.

Bookkeeping shouldn’t slow you down. We handle your numbers so you can focus on saving lives.

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Accounting for Life Sciences & Biotech

Life sciences and biotech finance has special needs. R&D cycles are long. Rules change. Oversight is strict. Money management is hard.

Bay Forward gives accounting and bookkeeping services to biotech, pharmaceutical, and medical technology companies. We are an accounting firm specializing in life science industry. We make sure you follow rules and are ready for audits. This lets your team focus on new ideas in drugs, gene therapies, or medical devices.

We Help These Companies

We help many companies in healthcare and life sciences:

Biotechnology Startups

We help from early funding to clinical trials. We use our biotech accounting  skills.

Pharmaceutical Companies

We help with R&D, making, and selling. We use special pharmaceutical accounting.

Medical Technology Firms

We manage their project money.

Clinical Research Organizations

We help make new devices and software. Our medical technology accounting supports them.

Life Science Companies

We offer money help and guidance. This includes accounting controller services and virtual financial controller support.

Our Services

Bay Forward gives accounting & taxation solutions. We use AI to help with CFO needs or full finance outsourcing:

Bookkeeping
& Accounting

  • We understand GAAP & Cost Accounting.
  • We do Bank – Reconciliation & Expense Reimbursement.
  • We set up Payroll & give support for  pharma industry payroll, bi-monthly payroll.
  • We do Financial Reporting which includes notice to the reader of financial statements.

Audit &
Compliance

  • We give full External Audit Support & Preparation.
  • We do Technical Accounting Research & Complex Transaction Support.
  • We handle Regulatory Compliance (ASC 606 life sciences, SEC Reporting).
  • We do Reviews, Compilations which includes preparing a notice to the reader.

Tax & Risk
Management

  • We do Tax Filing & Planning Canadian business taxes, federal annual return, HST, RSU tax.
  • We use the HST quick method calculator,HST input tax credits commercial property.
  • Special Tax Areas: Taxable Canadian property, probate tax, form t2062.

  • We give Risk Management Solutions & Modernize Risk Functions.

Corporate
Finance & ESG

  • We do Financial Modeling & M&A Support (due diligence, valuations).
  • We offer Private Finance, Data Visualization & Analytics.
  • We give help on equity opening balance.
  • We do Accounting & Reporting for ESG. We give Sustainability Training & Policy Advisory.

How We Work

Bay Forward works with you. We do more than just numbers. Our way of working is:

We Guide You

We see problems early. We give solutions for the

We Partner

Our experts design custom AI architectures, select optimal algorithms, and create detailed implementation roadmaps.

We Grow with You

Our services change as you grow. We help startups and big companies.

We Focus on New Ideas

We handle money. Your team can focus on R&D.

Why Pick Bay Forward?

  • We Know Your Industry: We are biotech accounting experts. We know R&D capitalization, deferred income vs unearned revenue, revenue deferral journal entry, and industry details.

  • We Use AI: We use artificial intelligence in accounting. This makes our services faster and more precise.

  • We Know Software: We know accounting software for pharmaceutical companies, biopharmaceutical  and HR softwares.

  • We Are Trusted: We are among top CPA firms in Canada and major accounting firms in Canada.We are your best account consultants.

Bay Forward partners with you. We provide financial insights. We help you grow with confidence.

Contact Us Today