Business Startups

You have started your new business. Now what?

We can help!

There are several items you should consider.

• What bookkeeping software will you use?
  
• Who will perform your bookkeeping?
  
• How will you maintain your bookkeeping records?
  
• What point of sale (POS) system will you use? How will this work in connection to your bookkeeping software?
  
• What are your reporting requirements?
  
• What are your payroll, GST, and Corporate tax obligations?
  
• How are you going to pay yourself?
  

Time and time again, we find new businesses limiting themselves by making these decisions without consulting an accountant. We offer services to get your business set up, and get you started addressing your bookkeeping Medicine Hat AB, tax, and accounting needs.

As your accountant Medicine Hat, we will customize our services to your business and your preferences so you can find the perfect combination of delegation and control. Making business decisions is easiest and most effective when based on accurate, current and high quality information. The ideal approach to bookkeeping and point of sale (POS) software is where software integrates, and can use information from both systems to synthesize various reports.

We highly recommend you consult us today as your accountant to learn more about the best software applications to suit your small businesses bookkeeping, reporting and tax needs.

Why is the software so important?

Software can either hinder your business or help it succeed. From an accounting firm Medicine Hat perspective, software allows you to generate meaningful reports and provide useful information to make business decisions. The effectiveness of these reports depends on the quality of the data.

So what bookkeeping software produces the highest quality of data? At the end of the day, if all bookkeeping and administrative software is integrated, information will communicate between bookkeeping and administrative applications so that you minimize duplicate work. As you can guess, remove duplicate procedures will make you more efficient, but will also allow useful data and information to be gathered by your bookkeeping software to generate better reports.

Software and bookkeeping applications are in abundance, so it can be overwhelming deciding which software will best suit your needs. To make things even more difficult, a lot of software don't necessarily perform as advertised.

We have resources and experience to help you find the right bookkeeping applications and procedures to suit your industry, and your individual bookkeeping needs. 

The New Era of Bookkeeping

Feeling overwhelmed with bookkeeping?

Perhaps you're feeling this way because you are stuck in the old bookkeeping mindset.

Today's digital age has made bookkeeping Medicine Hat AB easier, more accurate and more efficient. How is this possible? Digital records are the key. Take a picture or a scan of a receipt and data can be synced and linked to each individual transaction on your bookkeeping software. There are plenty of ways to automate your specific administrative workflow which can increase efficiencies and organize your records. 

Bookkeeping doesn't have to be a chore, but can be used to help you make better business decisions. We will help you adopt the right software and procedures to make this dream a reality. 

We're not just bookkeepers. We're chartered professional accountant Medicine Hat and Tax advisors to guide you through your business decisions. With the latest cloud technology, we are more involved with your day-to day transactions and can easily see the details of your business without needing backups or copies of your data.

We are here to help your business grow and succeed. Hire our accounting firm today to help you transform your business.

So you've moved to the cloud. Now what?

Now it's time to maximize the value you can draw from your books. Understanding how you can use your financial information can help you with most business decisions you will make. The following are examples of improvements that you can make by understanding your financial information

Collecting your receivables

As you know, "Cash is King". Tracking who owes what can be daunting. This process can be so simple you can sit back and relax while emails are automatically sent to remind clients of outstanding bills, while all your receivables are automatically tracked and marked as collected when received.

Managing your cash flow

Keeping up to date with your bookkeeping can be so easy, you will always know what transactions are outstanding, who owes you what, and what you owe others. This can help you decide when to make purchases, when to pay vendors, and how to manage your expenses.

Managing your inventory

How effective are your inventory purchasing decisions? It can be difficult to know. We can help you understand how fast your inventory is turning over on a regular basis.

Managing your staff

Overwhelmed with scheduling? Time sheets? Have multiple locations? Have staff with varying training, and positions? There are cost-effective, integrated solutions for all of these problems. 

And more...

Call us today to modernize your bookkeeping practices. As your accountants, we can help you take your business to the next level. Our approach will help you understand what software to adopt, how to utilize bookkeeping technology effectively, and how to understand the dataa you now have access to. Each small business is very unique, and we will customize our approach according to your accounting, tax Medicine Hat and bookkeeping needs.

Know the Perks of Hiring Professional Accountant for Your Business

The success of any business depends on several factors including good financial management. Of course, finance is a key aspect of all businesses and if there is no proper financial management, a business can experience a drastic failure. You will come across a number of small businesses that have failed due to inappropriate financial management. The main reason why business owners fail in managing their money is they do it alone without any professional help or guidance. It is impossible to have good management of money whilst managing the other business operations. Thus, it is better to hire professional accountant Medicine Hat who will look after your finance and manage it expertly. After hiring an accounting professional, you will experience lots of benefits for your businesses. 

A professional accountant can help you on tax related issues by maximizing on your deductions. An account will easily identify all potential deductions throughout the year and inform you accordingly about how to make informed decisions for year-end deductions which you might be facing since long. Moreover, with the counsel and guidance of an accountant throughout the year, you can easily avoid the dreaded audit. The most important benefit of hiring chartered professional accountant Medicine Hat is that you can save a significant amount of time and energy and can focus on your business goals and important operations. A chartered accountant can act as your best financial adviser helping you to monitor and budget your cash flow on a stable basis. This can further help you to navigate any financial hurdles occurring in real time. Besides this, together with an accountant, you can effectively plan for the future. With an accountant, you can draw reports from previous months, evaluate the seasonality of your business and thereby, you can make a precise plan.

If you want your business to be financially well-managed and keep a good track on its growth, then consider hiring one of the most experienced accountants. For this, you can think about Johnson McClung which is one of the acclaimed accounting firms in Medicine Hat. The firm is renowned for its top-notch accounting services and solutions helping businesses to streamline their financial aspects. At Johnson McClung, you can hire an experienced and well-versed account for your business.

About Johnson McClung:

Johnson McClung is a reputed accounting firm Medicine Hat providing optimum accounting services to the businesses.

For more information, visit https://www.johnsonmcclung.ca/

Get the Highly Effective Finance Management Tips

In order to grow any business, it is really important that you do not leave any important aspect unattended. One of the most important things in business development is financial management. Before setting up a business, you must try to make property finance management as it will give your business kick start and allow you to sustain easily. People often do not put much attention on finance management but it is an integral part of business development. A well-managed finance will only improve your business and maintain its functioning effectively. In accounting, you will get valuations, financial coaching, financial statement preparation, computerized accounting, and what not. 

If you have a prosperous business then it is advised that you must hire a professional accountant. With the help and assistance of an accountant, you will be able to deal with any problem that you might face in your business. Have you ever wondered how tough the accounting process is? At one point, you will definitely face the need to manage the accounts of your business and it is not an easy task, it is better that you should not take the risk of completing this task by yourself as it can end up in a big loss. One has to manage all this tax Medicine Hat and for the same, you need to have the assistance of a professional accountant.

No matter if you own a small scale business or a large firm, an accountant will give you precise information about your accounts and hence, it will further give you the right idea to understand where to put your money in order to yield large amount of profit.

If you are searching for a firm that you can count on for hiring a professional accountant then contact Johnson McClung. The firm is owned by Byron Johnson and Jonathan McClung who are highly trained and skilled professionals in the field. They can help you in every aspect of finance management. Their services include:

• Financial Statement preparation (Audits, Reviews, and Compilations)

• GST registration and filing

• Tax planning and corporate tax return filing

• Bookkeeping Medicine Hat AB

• Management consulting

• Financial coaching

• Effects of buying/selling a business

• Cloud & computerized accounting

• Valuations

About Johnson McClung:

Johnson McClung is a prominent and reliable firm to hire an accountant Medicine Hat from in order to manage our finance systematically.

For more information, visit https://www.johnsonmcclung.ca/

How Charted Accountant Helps You Bloom your Business?

No matter how well-established your business is, the key to a successful business is the proper planning of finance. Although accurate marketing strategies, brand value, quality work, and product designing do wonders to your company. But you cannot deny the impact and role of professional financial advice. To have a balanced business financial planning, it is essential as it not only helps you to keep a track on the money flow but also eliminates the risk of fraud. As financial planning requires immense patience and time, you should look for a chartered professional accountant Medicine Hat so as to give your business the required boost that it deserves. A certified charted accountant works and applies the planned strategies that foster growth to your business firm. There is often the misconception that work of chartered accountants is same, but in reality, it varies depending on the need of business such as: 

Better decision making

As charted accountants have all the knowledge and skill that is required for proper finance planning hence, they help you to make better decisions for the betterment of your firm by analyzing the current situation.

Manage complex accounting task

Irrespective of the size of the firm, the process of accounting can sometimes become very complex which can invite several aftermaths. Though some accounting tasks are simple yet most of the business-related accounting tasks require a professional approach to avoid any giant business mistakes.

Tax experts

Charted accountants have immense accounting knowledge and hence, they are able to save you during the most critical situation of tax. With their planning and years of experience, they are able to cut down your tax bills.

Among the firms that appoint charted accountant, Johnson McClung is the unswerving firm that has remarkable charted accountants, Byron Johnson, and Jonathan McClung who look after your cash flow. Along with the latest tools and technologies, they are able to offer you the effort-free accounting service that you will appreciate. This is a Medicine Hat-based firm that offers you advanced bookkeeping Medicine Hat AB service so that you can keep a track on all the transactions and payments in a much secure way. Along with this, Johnson McClung also offers you the service for financial coaching, cloud and computerized accounting, management consulting, valuations, financial statement preparation, etc.

About Johnson McClung:

Johnson McClung is one of the finest charted accounting firms that give you the prominent service of tax Medicine Hat so that all of your issues related to tax get settled in a professional way.

For more details, visit https://www.johnsonmcclung.ca/

Why Having a Good Chartered Accountant is Important for Successful Running of A Firm

How do you measure the success or failure of any business? By the number of clients or customers you have, or by the profit or loss that the company is making? For any company to run successfully whether a startup or a well-established organization it is important to make sure that you have good progress in the company to make it grow. One should be aware of the inflow and outflow of the cash that is happening in the company and should record this transaction by making a proper audit report of how much the company has earned and invested in the overall year. There should be no minor mistake in recording the finances of the company as these help you to decide whether your company is making profits or going into loss? So let chartered professional accountant Medicine Hat handle this for your organization.

A Chartered accountant is a person who has a key role in the smooth functioning of any organization. They have a better understanding of the finances and how they should manage them so that the flow of money in the organization is sufficient and also the company is able to achieve profit which they can utilize to grow their business further. Therefore the responsibilities if an accounting firm Medicine Hat is different from other departments. They need to perform the following tasks:

• GST registration and filing 
  
  
• Book Keeping
  
  
• Valuation 
  
  
• Tax planning and corporate tax return filing
  
  
• Preparing Financial Statement
  
  

The traditional form of accounting still exists in some places but along with that people have adapted to new and advanced technologies that help in calculations and keeping a record effectively and securely. 

Johnson McClung is a chartered accounting firm run by two most talented and knowledgeable CA's Byron Johnson and Jonathan Mc Clung is the best accounting firm to get financial guidance. Bo9th of them work as a team and manage finances for both personal as well as business clients. They are experts in their area as one has the ability to focus on minute details and the other has brilliance in technology, therefore they make the best combination of brains and technology. They provide detailed insight to their clients and offer promising services. 

About Johnson McClung:

Johnson McClung is the most trusted accountant Medicine Hat who provides quality as well as reliable services to their clients. Get in touch with them to help your company grow.

For more information, visit https://www.johnsonmcclung.ca/

Benefits of Having the Help of a Professional Accountant

Having a business is a day and night work one always have to work hard in order to prosper their business. But most people are unaware of the fact that to grow their business they need the help of a professional accountant. Financial management is a very integral part of business development. With proper financial management you can take care of the flow of money, company’s income and expenses, tax Medicine Hat and other exchanges which will eventually help you to prosper your business. If you are an entrepreneur and need tools to grow and manage your company then you must take the help of an accountant.

An accountant can help you with his knowledge and experience to solve many problems that you might face. Most people believe that the only work that an accountant does is tax filing but, this is where they go wrong. An accountant does a lot for then just tax filing such as providing a comprehensive and detailed account of finances. He can provide you with an accurate forecast to keep your business in a proper functional state. By hiring an accountant you will be able to save a lot of energy and time and focus on your business to flourish it. Your hired accountant will handle all your finances, tax, and other important stuff by keeping track of everything well. 

Keeping all these things in mind it is important that you hire a proficient accountant. But the question is from where you find a professional accountant. You cannot just trust anybody with the finance work of your business and this is why it is important to look for an intelligent and reliable accountant. One such great firm is Johnson McClung. They are one of the most prominent and acclaimed accountants that you can rely on for getting the best financial management services. They can help you with the bookkeeping Medicine Hat AB and other important aspects of finance management. They will help you to understand every term to your business better and provide you the finest solutions of business needs, tax, and other important things. It is the one-stop destination for all those who are looking for a reliable accountant. 

About Johnson McClung:

Johnson McClung is one of the best firms to hire an accountant Medicine Hat to grow your business effectively. 

For more information, visit https://www.johnsonmcclung.ca/