While concentrating on your core business, the financial record keeping can sometimes fall behind, leading to an overwhelming pile of administrative work.
There are some accounting programs that claim to make the bookkeeping easy. Unfortunately, our experience is that these programs also make it easy to make mistakes. Here are just a handful of errors we have detected that were permitted by the software:
- A $3,000 computer was coded to Office Expense;
- Automobile expense included, along with gas, the cost of cigarettes and candies;
- The GST/HST amount claimed on customs brokers’ bills was too low;
- The GST/HST amount payable to CRA was higher than the sales amount would support;
- And there are more.
The first two examples will harm your credibility with CRA, while the next two will unnecessarily cost you money.
By utilizing our services you will spend less time on your books and records, achieve better results, and have more time available to do what you do best, run your company and earn money.
We offer monthly, quarterly, and annual bookkeeping services to coincide with the GST/HST and WSIB/WCB reporting requirements.