Outsourcing your bookkeeping allows you to:
- Focus on your core competencies.
- Positioning Management (owners) as a “user” rather than a “generator” of your information.
- Receive accurate and timely information.
- Employ up-to-date accounting technology, without the upfront costs.
- Reduce your costs of having an accountant/bookkeeper on staff.
- Obtain greater access to skilled people.
- No office space is required.
- No training is needed.
- No Payroll taxes (EI, CPP).
- Pay only for work actually carried out.
- Balance Sheet – available each period. It summarizes your total business assets, liabilities and net worth at a given point in time so you can make the right decisions based on up-to-date information.
- Monthly Income (Profit & Loss) Statement – a monthly breakdown of you sales and expenses for the current month, and a year-to-date total.
