Cranbrook accounting Tips & FAQ - (778) 520-0022
Leanne M. Goddard, Chartered Professional Accountant is always happy to hear from you and answer any question you may have. For your convenience, Leanne has compiled here the answers to some of the questions heard most often, as well as a few accounting tips that will be of use. If the answer to your question is not listed here, or if you require any additional information, please do not hesitate to contact Leanne.
I am a business owner and I have an accountant. Why do I need to understand accounting?
Accounting is as important to your business as your clients or the management of your employees. While it is not necessary for you to take an accounting course and be able to handle every single part of the accounting process, understanding the basics is an essential part of your ability to effectively run and oversee your business. When your hired accountant comes to you with concerns or reports, you need to be able to understand where they come from and how they affect your business in order to take appropriate action. Leanne can help you learn the basics of accounting so that you can better manage your business or explain it to you in a manner that you will be able to understand easier.
I have several years' worth of paper records that I'd like to computerize. Can you help?
Yes, indeed! Leanne will be happy to computerize your paper records using either QuickBooks or Sage Accounting software, as well as continue handling your future bookkeeping records if you so desire.
How much do your services cost?
The costs for services vary greatly based on the complexity of your needs, on whether you are an individual or a large corporation, and on many other factors. You should contact Leanne and explain the nature of your accounting needs so that she can give you a better, more accurate estimate.
A few tips...
- Keeping your receipts is essential. Ensure you have a method of accumulating you receipts or tax slips so they do not get lost. Every deduction missed will cost you money!
- A bookkeeper is not an accountant. If you have your bookkeeper take care of your accounting for you, make sure he or she is also a certified accountant. If not, consider hiring someone who is, or an external accounting firm such as Leanne M. Goddard, Chartered Professional Accountant. Bookkeepers do not have the same skill set as a certified accountant and to ensure you are getting the most for your money you should choose a professional!
- Stay on top of your taxes! With the right help tax time will not seem so daunting!
- Plan ahead! See advice upfront to ensure you are on the right path. Spending that extra time planning and getting advice generally saves you a lot of money and headaches later on down the road!