Category Archives: Bookkeeping
Are you unsure of whether or not your business should register for PST or GST? This is a question that we hear almost daily, and is something that can be easily overlooked by small business owners throughout British Columbia. This is why we have accumulated some important information for BC business owners that will provide you with an insight into whether your business needs to register for these taxes, and if so, the essential steps that you need to take to register, as well as some resources to help guide you through the process.
The holiday season is a time filled with busy days and full nights, making it difficult to sometimes focus on the financial health of your business. It is easy to lose track of time during this season, especially when your business is busy and clients want their work completed quickly. For many, the end of the year means the end of the fiscal year as well, and brings another aspect into this busy season. Luckily, we have come up with four bookkeeping tips to help you prepare for the upcoming year, while maintaining a focus on the financial health of your business.
We speak with small business owners daily, and understand the strain that the bookkeeping process can put on a business. Not only does it take up a great deal of time, maintaining a clear set of books can be confusing at the best of times, and can quickly turn into a permanent job. Many clients that reach out to us are simply overwhelmed by their bookkeeping tasks, and have so much growth from the business side, that they simply do not have the time or patience to keep up with their bookkeeping. This is a normal part of business, and means that you are growing. It also means that now is the time to reach out to a bookkeeping firm who can provide you with the knowledge and expertise that you need! If the three warning signs below sound familiar, maybe you need to start thinking about getting help with your bookkeeping?
We speak with small business owners daily, and understand that for many businesses, it is difficult to find the time and personnel to focus on keeping their financial records up-to-date. For many businesses, time is an issue, and the day-to-day operations quickly take precedence over the maintenance of the company’s bookkeeping. With that said, the bookkeeping process is an integral part of any business, and can offer owners a number of short and long term benefits.
Over the years, the LedgersOnline team has worked with a number of Co-op students from Capilano University’s Accounting Assistant program. Our latest intern, Scott, was a hard-working and knowledgeable intern who worked closely with our team of bookkeepers and accountants for the past two weeks. It was a pleasure working with Scott, and we thought we would share what he had to say about his experience working with us:
The LedgersOnline staff has worked with clients around the world, of various sizes and industries. We have witnessed firsthand the potential problems that bookkeeping and accounting can cause for companies, especially when they are small and have put their finances on the back-burner while focusing on growing their business. With this being said, the bookkeeping process is an integral part of every business, and when done properly, can give you a strong understanding of your financial positioning. Below are five simple tips that will give you the opportunity to get up-to-date on your business’ bookkeeping and accounting, and gain an insight into how you can successfully grow your business.