Does my small business need an Accountant if I have a bookkeeper?

Yes, you need an accountant to do your year end taxes.  An accountant can get you the best possible deductions for your business.  A bookkeeper will keep track of your daily expenses, incomes and payroll so your accountant can take them to the next step.

Should I hire a professional bookkeeper to maintain my books?

If you do not have the background skill and experience of a professional bookkeeper, then you should retain the services of a professional.  It is very important to maintain complete and accurate books for your company.  Some reasons to maintain accurate records are:

  • To indicate how well your business is doing.
  • To ensure you benefit from all expenses and GST Input Tax Credits.
  • Allow for a smooth audit in case your business is ever audited by Revenue Canada.
  • To extend more credibility to your financial statements and enable you to obtain loans from your bank with more ease.

How do I choose a bookkeeper?

Selecting a bookkeeper is a critical decision for any business - new or established.  You need to choose a bookkeeper that you feel comfortable with.  The right bookkeeper can build a strong foundation to help your company grow.

Let us look after your books, so you can look after your business.

If you have any questions regarding how a professional bookkeeper can help your business, we will be happy to answer them for you.

What is a bookkeeper?

A bookkeeper keeps full, accurate, up to date records of all financial transactions.  Proper bookkeeping can help businesses effectively manage cash flow, and stay in touch with their profits and losses.  A bookkeeper can remit your GST, PST and Source Deductions accurately and meet your deadlines avoiding costly penalties and interest.  Furthermore, accurate bookkeeping is required by both Federal and Provincial tax agencies.  A bookkeeper can deal with Revenue Canada on your behalf, if the need ever arises.

Bookkeeping Questions and Answers