Corporate bookkeeping is an area where you should not rely on inexperienced bookkeepers. Inexperienced bookkeepers may be less expensive, but they can overlook important items that would be caught by an experienced bookkeeper. For example, a junior bookkeeper might post your accounting entries, but not look at financial statements to see if they look reasonable.
You need an experienced bookkeeper with decades of experience, like Gary R. Landa, CA Professional Corporation to get the most from your bookkeeping investment.
1. Fewer mistakes
Even in the best of situations, audits by the CRA are time-consuming and costly. The right bookkeeper can greatly reduce the chances of filing errors which lead to CRA investigations.
2. Deeper financial analysis
Your books may balance, but that only tells part of your financial story. Experienced corporate bookkeepers can dig into your financial statements, looking for areas where the company may be able to make improvements including saving money and tax planning.
3. Superior forecasting.
Bookkeeping is not merely for balancing your accounts and ensuring proper tax returns. In the right hands, it can be a powerful forecasting tool, giving you accurate information to support your on-going business decision making process.
4. Saves you time.
Your job should be running your business, not worrying about your financial details. Bookkeeping is a job for specialists, specifically so that you can be free to focus on your specialties. Further, you get the simple peace of mind from knowing that your financial situation is accurate and fully-documented.
This all adds up to one simple conclusion: In most cases, experienced bookkeeping will more than pay for themselves in extra savings, superior planning, and accurate tax filings.
To learn more about how your corporate bookkeeping can be streamlined, please contact Gary R. Landa, CA Professional Corporation today.