BOOKKEEPING

No one likes to do bookkeeping. In fact many small companies avoid it at all cost. Avoiding having your bookkeeping done may be a costly mistake. Generally it results in you having a host of problems with your clients or customers, suppliers or the Canada Revenue Agency. So getting and keeping up to date is important and necessary. Don't leave it undone!

Setting It Up Properly

Chart of Accounts

An important part of setting up your bookkeeping system is looking at the chart of accounts.

When we write a book, we have a table of contents. The table of contents is an important and integral part of the equation. Without it we can't find our way around.

So it is with the chart of accounts. In bookkeeping, we need a strong and versatile chart of accounts. It will give us the information we need from a management perspective as well as providing CRA with the information they need.

Remember that every good structure needs a firm foundation. Be sure that your house is in order from the start. Use a professional to get your started with a firm foundation for the future.

Weekly, Monthly Bookkeeping Routines and Reporting

Our service offering is flexible. Using the cloud makes this much simpler, you needs can be met on an ongoing basis.

Reports prepared from the books are important to you. It allows you to control your investments and cash and run things more profitably. Reports need to be prepared on a regular and timely basis.

We provide, just to name a few, of these services:

Profit and loss reports
Credit control
Payments due
Domestic help or other payroll
Bank reconciliations
Processing investments
Processing income receipts and disbursements
Net worth summary
Partnership reporting
General ledger
Transaction initiation

Working Together Through The Cloud

Much of what we do today involves the internet or other electronic mediums. We have many choices and alternatives in the world of bookkeeping today that didn't exist just a few years ago.

The point is to be flexible and keep costs down. It's not necessary to have a bookkeeper show up physically at your premises. In fact, it may not even be desirable. The cloud or internet offers many alternatives, good and bad, useful and useless. We need to work our way through the options and select the one most suitable for your business.

My Cloud bookkeepers are fully trained to understand what your accountant needs. We will work closely with your accountant to ensure your year end runs smoothly keeping your accounting costs to a minimum.