Bookkeeping For GTA Inc.

Spend less time balancing your books, and more time reading one.

Bookkeeping

Working with your books

filing cabinetSpend less time doing your books & be happy.

Instead of spending your time dealing with deadlines and bookkeeping, spend more time doing what you enjoy.

Bookkeeping is one of the most important elements in business and often the last thing people think about or maintain. We look after your books and give you more time to look after your business.

Accounts Receivable

  • Issue invoices, post payments
  • Offer a collection service for outstanding invoices
  • Maintain customer information

Accounts Payable

  • Ensure accuracy of bills and issue payment
  • Take advantage of early payment discounts
  • Maintain vendor information
  • Enter credit card charges and reconcile account

And more...

  • Bank Deposit
  • Bank Reconciliation
  • Deal with multicurrency
  • Issue payroll
  • Financial Statements
  • Government remittances
  • Prepare year end package for accountant

Bookkeeping Advantages

Bookkeeping, generally referred to as observance the books, is the method of observance full as well as perfect business records. Many people think that bookkeeping is a simple task. It actually gets complex to maintain as well as accounting beside managing office or business so its appropriate to take the bookkeeping services from a well recognized bookkeeping company. Typically, these services include recording chronologically business assets, liabilities, income, and expenses in the day books, journals, and ledgers.

There are two approaches to bookkeeping function. The more common type is in-house either with a full-time or a part-time bookkeeper. It is getting increasingly difficult to do inhouse since good accountants are increasingly getting hard to find. However, technological advances have made outsourcing these services a very business savvy and affordable option. For businesses without the necessary skill to manage services correctly, outsourcing these services can be of great use. Outsourcing bookkeeping services is now the norm in many businesses. That is why there are also more and more outsourcing companies now becoming available in the market.

Advantages of Outsourcing Bookkeeping Services

  1. Concentrate on other business priorities
  2. Automate complex and voluminous processes
  3. Cost Savings
  4. Experienced, skilled and trained accounting workforce
  5. Best-of-breed infrastructure and technology
  6. Get the work done in quick turn-around-time
  7. Proficiency in a wide range of bookkeeping software
  8. High Confidentiality and security

Outsource Accounting Services to outsourcing company gives your organization a competitive advantage. Therefore, outsourcing bookkeeping gives you perfect bookkeeping solutions for any type of business.

Bookkeeping & Accounting Issues

A business that is either just starting out or undergoing a significant growth stage must deal with four main issues in regard to recordkeeping: the use of the most appropriate "tax year;" whether to use a cash vs accrual method of accounting; maintaining a good recordkeeping/bookkeeping system; and, having a working knowledge of the major CRA reporting requirements for various payments.

The right decisions in these matters help increase the chance of business survival and of maximizing business profits. In addition, it can make matters much easier in dealing with such groups as the CRA and accountants.

Please also checkout: Cost Benefit Analysis-Whether one should outsource bookkeeping to professional Bookkeeper?