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.