Hiring a Bookkeeper for a Small Business

It may seem like managing your small business finances should be relatively easy to handle on your own, especially if you're proficient in basic accounting principles. However, as your business grows, managing finances will become more complicated, and it will become more challenging to keep up with tax codes and regulations. Thus, hiring a professional bookkeeper for your small Ontario business can save you time, effort, and ultimately, money.

Karen Johnson CPA offers a wide range of accounting services here in Barrie, Ontario, including small business bookkeeping. Here are some reasons why hiring a bookkeeper is essential for your business. Contact us today!

Ensure Your Books Are Accurate

A professional bookkeeper in Barrie specializes in organizing and documenting financial transactions using software programs like QuickBooks, Sage, and Xero. A minor mistake in financial transactions could lead to expensive consequences for your business. A bookkeeper will ensure that your books are accurate and financial transactions are correctly recorded.

Helps with Business Growth

With accurate financial data, you can track the growth of your business over time. The bookkeeper can identify the business’s strengths and weaknesses and suggest changes to capitalize on the strengths and improve the weaknesses.

Keep updated on Tax Regulations and Codes

The tax regulations and codes in Canada are ever-changing and require updated knowledge to prevent your business from facing tax issues that can lead to fines, interest charges, or worse. A bookkeeper will keep up-to-date with the Canadian tax rules and regulations and ensure that you remain compliant.

Saves Time and Expense

A bookkeeper will handle the day-to-day financial tasks, such as reconciling bank statements, organizing receipts, journal entries, financial statements, GST returns and payroll . As a business owner, it's essential to have more time to focus on tasks like running the business and driving revenue, rather than spending hours managing daily financial tasks. Having a bookkeeper allows you to work on the business, while we work in it!

CALL OUR SMALL BUSINESS TAX ACCOUNTANT TODAY

As a small business owner in Ontario, a bookkeeper is a valuable investment. Karen Johnson CPA has years of experience helping small businesses with all of their accounting needs, including bookkeeping and tax preparation. Call to learn more today!