ACCOUNTING SERVICES THAT WORK FOR YOU

The very basic function of a bookkeeper is to record the transactions of a business in a consistent way, which includes:

• Recording transactions and reconciling accounts at the end of each month
• Recording and paying bills on time
• Creating and issuing invoices
• Processing and recording payroll
• Tracking sales tax (GST / HST /, PST  etc.) and filing returns

The bookkeeper is in charge of making sure all the transactions are recorded accurately in a timely manner.

The complexity of bookkeeping job depends on the number of the transactions, nature of those transactions and the size of the business.

Accounting is the process that uses the information recorded by the bookkeeper to generate reports on business's financial health. These reports and are vital for high-level decision making. Examples of accounting services:

• Preparing adjusting entries for tax estimates, accruals, inventory adjustments
• Preparing, analyzing, and presenting financial statements in a way to help the business owner make decisions
• Filing income tax returns
• Tax planning
• Business advisory

The accountant provides business owners with an understanding of their financial situation and enable them to make an informed decision about their business's development. Accountants play a key role in reducing taxes and help entrepreneurs thrive however they can. 

Under traditional method, you would not know the amount of your bill until the work is complete, and all the minutes spent working one your file are add up by the service provider. 

This means that the bill for services will vary depending on how long it took your bookkeeper or accountant to complete your services. Also, it creates a situation where clients feel that they shouldn't ask questions or learn from their bookkeepers because they will be on the clock over any inquires.

Although the Traditional method is currently a common pricing method , we find a couple things in this method that we would like our client to avoid:

• Fear of asking questions, because an accountant will be on the clock as soon as the phone is answered.
• Surprise bills noticeably affect cash flow of small business  and create animosity between accountants and their clients.