What is it?
Bookkeeping is exactly that; the managing or 'keeping' of your business' everyday finances, cash flow, bills and payments, etc. Behind every financially stable and well-run organization is a great bookkeeper. Large corporations maintain these services in house, while smaller companies typically seek an external bookkeeper. That does not mean they are not an integral part of keeping your company running like a well oiled machine.
Is it worth it?
If you went into business to make money, then yes absolutely it is worth every dollar. A talented, experienced bookkeeper will take the time to truly understand your specific business, your accounting policies and procedures and much more to positively manage your cash flow. A great bookkeeper has strong tax law and accounting knowledge and could save you hundreds or thousands of dollars at the end of the year.
How our services are different
We embrace technology and automation. ABBS can setup your account so everything comes to us automatically--bank statements, cell phone bills, all the accounts related to the business. The only action needed by you is photos or scans of any receipts.
We set up the books based on your individual business, giving guidance on which items need to be categorized, or explained in more detail, and which do not matter. Using technology, you have real-time information at your fingertips so you can make informed financial decisions throughout the year.
Our system also relieves you of the burden of tracking payables. Instead, we provide a weekly, monthly, or quarterly list of which payments need to be made. All you have to do is click on what you want to pay and the payments are automatically dispersed. Invoicing is just as easy, as is handling accounts payable and payroll.
We’ll also prepare and file your:
- T5 Summary and slips (with a reconciliation of slips to owner’s draw)
- T4 Summary and slips
- T4A Summary and slips
- T5018 subcontractor slips / T4A slips
- GST returns
- WCB return
Our system is well-designed and allows you up to focus on your business, but it all begins with bookkeeping. We’re able to give you a all-inclusive solution to all your other financial needs. We don’t have to replace your existing bookkeeper; however we will manage the process so you can trust that we’re overseeing everything the bookkeeper does to ensure that things are done right!