Question 1

Why is bookkeeping essential to your business?

Accepted Answer

Every transaction, such as the purchase of a computer or a billing of a customer, needs to be recorded into your accounting system.  This process is called bookkeeping.  Typically speaking, a business has hundreds and thousands of these transactions recorded in a year.  Your accounting system then rearranges these data into useful financial information, from which periodic reports are generated and used by you as a owner and by your accountant to make various decisions.  It is essential that the recording of each of these voluminous transactions be done accurately or the information generated by the accounting system will be full of erroneous data.

Question 2

What qualification does a bookkeeper need? How much will a bookkeeper cost me?

Accepted Answer

A typical bookkeeper should have some basic accounting training and should have previous accounting software experience.  In addition, he or she needs to be detailed oriented.  Retaining a full time bookkeeper in Toronto can cost in the upward of $45,000 a year, plus the cost of benefits such as CPP & EI.

Question 3

Why should I use your firm's bookkeeping service instead of hiring a  bookkeeper?

Accepted Answer

You only pay us for the right amount of service you need, which often saves you tens of thousands of dollars a year when compared to hiring a bookkeeper.  In addition, there is no need to go through the hiring and termination process.  Our service is flexible and can be adjusted anytime to fit the needs of your business.  It is just a phone call away.

When you first started your business, all you may have is just one bank account. As business grows, you may have a company credit cards, multiple bank accounts, foreign purchases, hire employees, charging HST.  Our scalable services are handled by professionals who are properly trained to handle complicated situations.

Question 4

How much does your firm charge for bookkeeping service?

Accepted Answer

Our monthly bookkeeping service is cancellable at any time.  We need to obtain some basic information about your business and will be happy to provide you with a fee quote (https://calendly.com/chanchow/appointment)

outsourced bookkeeping

OUR DIFFERENCE