You are not a trained bookkeeper.
Maybe you bought an online accounting program and know how to enter income and expenses, but get lost in double entry accounting and journal entries. You probably don’t know how to spot and solve problems. You're not sure you even know what "bank reconciliation” means. You’re feeling overwhelmed by your bookkeeping.
You’re not alone.
You shouldn't need to be a professional bookkeeper to run a business. Yet many business owners try, exhausting themselves and spending unnecessary time and effort learning a skill they don’t want or need.
What are the potential consequences of bad or DIY bookkeeping?
Wasted Time
You may find yourself spending your evenings and weekends working on your books instead of doing things you enjoy. Bookkeeping tasks can also direct your attention away from activities that provide your business with the most profit. At Greg Evans, we think you should focus your time and energy on what you do best.
Uncertainty
If you end up doing your own bookkeeping, it’s just one more thing on your (already full!) plate. You may not give it the time it requires and end up falling behind. Not to mention, you may be unsure about basic financial information at your business due to inaccurate and/or unclear records, or an inability to properly read your books.
Errors
As someone who’s unfamiliar with bookkeeping, you’re more likely to make mistakes. You could find yourself overpaying expenses, missing income and collections, filing taxes late, or paying the wrong amount in taxes. These all come with a fee. As a business owner, it’s the kind of stuff that keeps you up at night.
Your time is valuable. you are too important to be fighting with your bookkeeping software, trying to figure out financial reports, or feeling like you can never get ahead.
You want a professional looking after your books
Professional bookkeepers will:
Regularly review financial performance and offer better expense management
Perform real-time profitability analysis and provide you with data to make business decisions
File your HST and taxes accurately and on time
Have the knowledge and experience to handle any issues that arise and fix mistakes
Do you lack the resources to hire your own full-time bookkeeper? That’s not a problem - we have the perfect solution for you!
As a QBO Elite ProAdvisor and Dext Partner, we work with businesses that do not have an in-house bookkeeper. We make sure your records are up to date and accurate so you can make the best decisions for your business. With us by your side, you can get all the benefits associated with having a designated full-time bookkeeper.
