Keeping Track of Important Accounting Documents

One of the best things that you can do is to stay focused on your business growth and management, instead of wasting your time with busy work and numbers crunching. When you understand the value of your time, then you will see the benefit of bringing in an accounting and bookkeeping team to help.

Proper bookkeeping services involve maintaining up to date accounting system, which includes recording business transactions as they occur, as well as keeping important receipts or bills for substantiating all expenses incurred on behalf of the business.

At BBS, our specialized knowledge of working with self-employed contractors, entrepreneurs and small businesses ensures that we can help create and maintain the necessary paperwork to keep track of monthly income and expenses to be used in tax preparation and submission. At your first meeting, we discuss your business tax and accounting needs to determine what package or hourly rate is right for your business. Once we determine your business needs, we organize the information in an engagement letter for your review and approval.

keeping track of accounting documents

Keeping Track of Important Accounting Documents

We will set up Receipt Bank and Cloud Accounting software of your choice and send you login credentials. Next, the team at BBS Accounting CPA will ask you for your bank and credit card statements each month. Please provide the required information and your books will be updated by the next month. The accounting software will update your bank account via the secure connection every day and it ensures that we can reconcile your accounts.

Now month-end is completed, your expert accountant will accurately reconcile your bank and credit card accounts against general ledger balances and send you an email with a few uncategorized transaction queries.

About BBS Accounting Services in The GTA

At BBS Chartered Professional Accountants, we help you understand the important documents and statements to help you keep on top of your accounting in The GTA.  We help our clients choose and maintain systems relating to their receivables, inventory, sales, and expenses. We focus on the numbers so you can focus on the growth of your business. Our mission is to help your business succeed through insightful financial analysis and sound accounting methods. We are here for you, whether you need to raise capital, help manage your cash flow, or keeping track of important accounting documents.

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