Your Bookkeeper and your Accountant play a vital role in your business, especially if you have neither the time nor the expertise to handle these functions effectively on your own. It is important that you appreciate the value that a good Bookkeeper and Accountant can bring to your operation. While these functions do not directly help you to earn, they are extremely useful in the areas of money management, financial decision-making and accountability. As a small business owner or entrepreneur, every financial decision that you make will affect your profitability or lack thereof.
A qualified Bookkeeper will help you to make and keep proper records of your daily activities, ensure that your bills are paid when due, create and keep track of invoices and ensure that your financial records are up to date. This is important because it gives you the opportunity to properly control the flow of cash into and out of your business. It also ensures that money is not wasted in paying late fees or penalties and that your credit record remains clean. Proper bookkeeping sets the foundation for a profitable business. It is possible to hire a Bookkeeper at very reasonable rates and he/she should be able to help you with many of the very necessary record keeping tasks.
An Accountant will put together all your financial information in the form of reports that are valuable for decision-making. These reports include reports such as your Profit and Loss Statement or Income Statement, your Balance Sheet and the Statement of Cash flow. These reports help you to see the financial position of your business at the end of a financial period or at specific dates in time. Your Accountant will also help you to prepare your income tax returns to save you from paying unnecessary taxes and to help you to fulfil your tax obligations.
If you live in Squamish, BC and operate a small business, you could benefit from the professional financial services offered by us at C. Campbell Agency. We are experienced and have an enviable track record of success. Don’t hesitate to contact us today.