Bookkeeping
Many fine business men and women are terrible at record keeping and paperwork.
You might be very good at what you do - an excellent engineer, mechanic, entrepreneur or retailer for example - but a lousy bookkeeper. That's not unusual.
The trouble is, it's an important part of your business. You need to know how your business is performing in order to make informed business decisions. Not to mention the mess you could find yourself in with CRA (Canada Revenue Agency).
Let us take the worry away from you and free a tremendous amount of additional time - time that can be devoted to making a better success of your business - by outsourcing this often-dreaded task to us.
Placing this task in the hands of an experienced professional leaves you free to run your business, knowing your financial records are in order.
What Price Peace Of Mind?
Not as much as you might think. For around $175 a month you can simply drop off all your invoices, paid cheques and bank statements to us and our team will write up your accounting records. We will deal with all the GST & PST returns, T4s and Workers' Comp Issues and use these records to prepare your monthly financial statements.
We tailor our bookkeeping services to your needs. Let us handle your bookkeeping, record keeping and report filing while you spend your time building your business.
We can provide as many of the following services as you want, not limited to...
Payroll
Handling all payroll functions including:
- Determination of payroll
- Preparation of payroll cheques
- Preparation of payroll reports
- Determination of remittances to Revenue Canada, etc.
Payables
- Paying bills
- Managing accounts payable
Bank Balances
- Preparing your bank reconciliations
- Providing cash balance reports
Receivables
- Invoicing your customers
- Posting collections
- Preparing monthly aged accounts receivable lists
Journals & Ledgers
Maintaining:
- Sales Journals
- General Ledgers
- Accounts Receivable
- Accounts Payable
- Payroll Register
Monthly Reporting
Preparing monthly financial statements including:
- Balance Sheet
- Income Statements
- Comparatives to budget and year-to-date results
We can also produce any additional reports that you find useful, tailored to your exact needs.
And most importantly, all of the above are presented in a manner that you can actually understand!
We will work with you to identify the specific services that you require and will benefit most from. We will then set up a schedule so that the data is collected, recorded and handled on an efficient and timely basis.
You will likely save more than our services costs! Remember, your in-house staff needs will reduce, so will your employment costs (CPP, EI, WSIB etc). In addition your other employment costs will reduce, not limited to staff training, holidays, equipment and software needs etc.
Best of all, your bookkeeping and accounting needs will all be taken care of, so you can concentrate on running your business.
Call us today at 905-528-0234 to talk about how we can help you with this administrative burden and free-up more time for you to devote to running your business.
Over the years, Joe Truscott has written many individual income tax and business articles which have been posted here for you to review. You can also review many additional articles that have appeared in his quarterly client bulletin called Business Matters.
