Why a Bookkeeper?
Do you need a bookkeeper? Maybe not. Maybe you are one of those people who are supper organized and know every expense your business has down to the penny. If you are that is amazing and I applaud you, nay I bow to you. For the rest of us mere mortals the realities of paperwork quickly poke seemingly giant holes in our dreams.
When starting a new business there is so much excitement about seeing your dreams come true. The hustle will lead to financial freedom and "if you love what you do you will never really work a day in your life" right? That's the dream theory anyway. The realities of what it takes to make your dreams come true can be a little less glamourous and a lot more daunting.
The first hurtle is the bank. "Can we see your business plan please?" Oh you probably had that one covered; after all you are not just winging it! Once you are done with stage one you are on to the making it happen stage. Soon your paying bills and purchasing inventory or billing out for your services, what's next!? You know the day to day running of your business but what about the behind the scenes stuff like claimable expenses and GST? You had a lunch meeting.... can you claim that? How do you claim that? What program do you need to tack your expenses? Do you really need to invoice for that service? What about travel? These are questions that start to feel overwhelming when you get into the thick of it. These are the questions that a bookkeeper can help you with.
Bookkeepers do more then just sort your paperwork. We help you file your GST, Track your payroll and let you know what you have to pay for source deductions. Do you know what source deductions are? How about how much you can earn in Canada before you have to get a GST number? There is much more we can help you with. We can communicate with CRA for you and do the research so you don't have too.
Do you NEED a bookkeeper? Maybe not; would it make your life just that much easier? The answer is yes. You have your hands full with the everyday challenges of starting a business and keeping that business going. A bookkeeper can make a huge difference in what weighs on your mind and free that space up for more dreaming!