If you run a small to medium sized online or local business, you know the necessity of keeping your books in order. More importantly, doing so in a way that preserves your time and resources and keeps your focus on your customers and increasing revenue and streamlining your business. One of the best ways to accomplish this that you might want to look into is small scale online bookkeeping services.
While you can always hire a local Ottawa accountant or bookkeeping service, for some businesses this is a bit excessive and you only really need a few ounces of paperwork done on a monthly basis. If your business isn’t location specific like a web design or online marketing company, this is also a good idea. An online option like FreshBooks allows you to essentially record your expenses, costs and tally it up at the end of the month. There isn’t much tax/business advice or anything of that sort, but in terms of a cost effective way for a new business owner who is just getting started it’s a great option.
On the other hand, if you find yourself scaling fast and getting more and more expenses on a quarterly or monthly basis, the services of a professional CGA accountant in Ottawa can be very useful. There are certain tax implications in Ontario you need to be cognisant of, and these bookkeeping professionals can help you get the most out of your business while avoiding problems with the government authorities.
When tax season comes around, you’ll also be glad you have the services of a professional bookkeeper as they can easily prepare your documents for the entire fiscal year and even give you a pretty accurate estimate in terms of how much you’ll either get back or worse yet, have to pay. This can be helpful and keep your stress under control and your focus on new customers.
In conclusion, whatever the size of your business, your monthly costs/revenue, and how long you’ve been around there are lots of options available for your bookkeeping needs.…