“So, I Started My Own Business and Know SQUAT About Bookkeeping…”

Congratulations, Being an entrepreneur is so rewarding! You’ve taken your dreams and plans and created a reality and are NOW a small business owner!

You are excited and ready to get started on the right foot! Learning to balance your books and bringing in revenue is a MUST.  Keeping track of your expenses, and your cash flow is probably the most important aspect of running a successful and profitable business.

“I just keep my expenses on a spreadsheet.”

I cringe often at statements like this. Not because I hate spreadsheets. I’m a bookkeeper, I LOVE spreadsheets. The problem with keeping track of your expenses on a spreadsheet is one of memory and will power. If you don’t remember to track the expense on the spreadsheet, it doesn’t get tracked.

And unless you’re meticulous, you probably aren’t reconciling your receipts to your bank accounts or creating financial statements. These steps are key to not only your financial overview of your company – but filing your taxes at fiscal year end!

The answer:  Switching from Excel Spreadsheets to Bookkeeping Software!

Switching from spreadsheets to bookkeeping software is a great tool for your business. Here are a few reasons:

  • By connecting to your bank account, it downloads all transactions, they just need to be categorized.
  • You can upload pictures of the receipts, keeping everything in one place.
  • Connecting to software allows you or your bookkeeper to reconcile your accounts and get you those financial reports in seconds.
  • Create invoices and estimates with breeze, and even collect payments!
  • Have employees? Why not use software to run your payroll and track employer taxes not to mention your HST payments each quarter.

There are plenty of different bookkeeping software systems that work great, but my software choice is QuickBooks Online.

We use QuickBooks Online for most of our clients, and I have no complaints. There are multiple affordable packages available for you to choose from that we are proud to offer. One of my favourite aspects of this software is it take a lot of the guess work out and allows you an to take an up-to-date snapshot of your company… whenever you need it!

One piece of advice I recommend, if you are not confident in using the software yourself, contact a professional first. (SheDo… SheDo…) We have had some clients that have come in that require many corrections in the books and records after trying to figure it out themselves year after year. This can often get timely and extremely costly.

This is where we come in….

Before trying to figure your bookkeeping plan on your own, you may need a little guidance from your favourite tax accountants…. Simply message us, we are here and happy to help!

We get it…You just want to run your business. That’s why you should let us handle your bookkeeping!

Looking forward to working with you!

Rachel Whitlock and the SheDo Squad

2018 tax season is here! Yippee Ki-yay!

Our first blog. Our first tax season. The SheDo Squad is ready! Are you ready?

As most Canadian taxpayers are aware, most tax slips need to be out in the mail to you by the end of February.

That could mean your t4, your t5, your T4A, a High 5. Your CPP slip, OAS slip, your pink slip, your grandmas slip. Your RRSP receipt, your medical receipt, your Big Mac receipt. Your child care invoice, your dental invoice, my singing voice, the voice of an angel….

Get it? Got it? Good. You need slips. Documents. To file your taxes and to hear my singing voice…questionable.

Once you have all your slips, receipts, invoices and documents you need to file your 2018 tax return, contact us and we will get you on your way to a tax preparation service like no other.

What to expect from us?

A friendly welcome email with a personal checklist to ensure you have remembered to include all your documentation and information that we will need in order to file your taxes correctly. As well as a T183 form that you will need to sign in order for us to file electronically on your behalf to the Canada Revenue Agency.

After that?

Hold on tight and enjoy the ride!

We are determined to work hard (and ever so clever) to ensure you are maximizing your tax return to its full advantage.

We are determined that your experience with us will not only leave you satisfied but maybe even with a little more tax knowledge then what you started with.

We are determined to simply charge a reasonable rate of quality service that will not increase based on the amount of refund you may receive.

We are determined to provide a full virtual tax preparation experience for any busy, hardworking Canadian who may find it inconvenient to get in to see us in our small town office.

We are determined to gain your business year after year for any and all tax needs.

We are very determined. We are determined women.

And very much looking forward to working with you!

Hope to hear from you soon!
The SheDo Squad
Kelly, Rachel and Shannon