Friday, 15 December 2017

Pros and Cons of Doing Your Own Accounting

Many small business owners get confused whether they should manage bookkeeping on their own or seek help from public accounting firms Edmonton. If you are also one of them, here are a few pros and cons of doing your own accounting that can help you in making the right decision.

Pros of Doing Your Own Accounting

Save Money

While conducting your own accounting, you are saving the fees that you would’ve paid to the accountant. The cost of hiring an accountant can be saved and used for other business purposes.

Get more information from Accounting Firms in Edmonton.

Thursday, 7 December 2017

Basic Accounting Principles That Business Owners Should Be Aware Of

Accounting principles are the rules and guidelines which companies need to follow while reporting financial data. Business owners may not be able to handle their accounting because it’s easy to miscalculate the expenses and taxes owed. As a firm that offers Edmonton bookkeeping services, we find that accounting your business financial transactions is vital because:

1) Know your Company's Financial Health

You need to be aware of the expenses, returns, and profits of your company. It’s a crucial information required to make key business decisions.

2) Be Tax Compliant

The Canadian Revenue Agency requires you to pay your taxes. Failing to do so, or missing out on certain tax requirements will have consequences.

Get more information from Accounting Firms in Edmonton.

Tuesday, 28 November 2017

What Should You Look For When Hiring A Professional Payroll Firm

Hiring a professional payroll firm offers numerous benefits as they save your time, take care of all the payroll efforts, and provide payroll compliance with taxes as well. Hence, many small businesses and startups are turning to hire payroll firms that provide several payroll services Edmonton. If you are also planning to hire a firm to ease your entire process, here are a few things that you should look for when hiring.

For more information about Payroll Services in Edmonton, contact ATS Accounting Inc.

Thursday, 23 November 2017

Four Things You Need To Look For When Hiring A Public Accounting Firm

Public accounting firms Edmonton hire Certified Public Accountants (CPAs) who look after the accounting process, the finances of a company, the auditing, and the tax filing process. Several small businesses, startups, and public companies hire these professionals to look after their accounting and bookkeeping.

However, if you do not want wish to hire a professional accountant, then there are firms who provide accounting services. Choosing a reliable and certified accounting firm is very important to handle your business accounts accurately. If you are planning to hire a reliable public accounting firm, you must consider the following things.

Get more information from Accounting Firms In Edmonton.

Wednesday, 15 November 2017

Small Business Accounting Edmonton: The Audit Preparation Checklist

Running a business and maintaining your financial accounts on a regular basis can be a difficult task. Doing your own accounting has its own pros and cons. With too many responsibilities in your hands, mistakes are bound to happen. Such mistakes create a problem for you during an annual audit. Here is an audit preparation checklist you should keep in mind when there’s an audit for your small business accounting Edmonton.

Get more information at Small Business Accounting Edmonton.

Thursday, 9 November 2017

Business Owners: How to Pay Yourself

It is good to have your own business. It gives you a sense of independence. It is good to be the boss. But what about your salary? You have put in a good amount of capital investment, and your business has started running. The question on your mind now is how to pay yourself. Accountants Edmonton recommends a few tips to help business owners to pay for themselves.

Get more information at Accountants Edmonton Services.

Wednesday, 1 November 2017

Six Tips to Manage Your Startup's Cash Flow

The decision to start your own business is a big decision. You have to plan every aspect of your startup and manage your business finances. For a new entrepreneur, managing the cash flow properly can be a big worry.

Cash flow refers to the inflow and the outflow of money within your business. Managing cash flows is a big problem for startups. Here are a few tips to manage your cash flow.

Get more information at Edmonton Bookkeeping Services.