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Why Every Small Business Needs a Bookkeeper (and How to Find the Right One)

  • rebeccagatjens
  • Nov 14, 2024
  • 4 min read
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Hey there, Small Business Owner!


You started your business with a great idea, a lot of enthusiasm, and maybe a little bit of coffee-fueled optimism. You’ve got your product or service down pat, you’re working hard, and you’re probably juggling a million things. But, there’s one thing you might be forgetting—or maybe you’re just really hoping it’ll take care of itself: your bookkeeping.


We get it. Bookkeeping sounds boring. It sounds like that thing you’ll get to “later,” like folding your laundry or finally deleting those spam emails from 2016. But here’s the truth: bookkeeping isn’t just important—it’s essential.


So, grab your coffee and let’s chat about why hiring a professional bookkeeper could be the best decision you make for your business—and how to find the right one without pulling your hair out.


1. You’ll Avoid the Taxman’s Angry Glare (AKA CRA Audits)

Picture this: it's tax season, and you’re trying to remember if you kept that receipt for the lunch you had with a potential client three months ago. Spoiler alert: you didn’t. Now, you’re stuck scrambling through piles of crumpled receipts, while the CRA (Canada Revenue Agency) starts eyeing you like a hawk on a hotdog.

Having a professional bookkeeper on your team ensures that your financial records are always accurate, organized, and compliant with tax laws. This means you’ll never have to experience the sweet taste of tax-related panic. A bookkeeper knows what to track, what to deduct, and how to file everything on time—no more playing fast and loose with your receipts. Plus, if the CRA comes knocking, you'll be ready.


2. Better Financial Insights = Smarter Decisions

You might think that “winging it” is a good strategy for running a business (spoiler: it’s not). Without solid financial data, how can you make decisions about where to invest, whether you can afford to hire that extra employee, or if you have enough cash flow to handle the upcoming holiday rush?

A bookkeeper helps you get a crystal-clear picture of your finances, providing accurate financial reports that tell you where your money’s coming from, where it’s going, and how much you have in the bank. Armed with this data, you can make smarter decisions that keep your business moving forward. (No more “let’s just hope for the best” strategy when it comes to your cash flow!)


3. They Handle the Boring Stuff So You Don’t Have To

Listen, we know you didn’t start your business because you love doing paperwork. You started it because you’re passionate about what you do—whether that’s making delicious cupcakes, offering consulting services, or whatever your brilliant business idea happens to be. But unfortunately, bookkeeping isn’t going anywhere.

Hiring a professional bookkeeper takes that burden off your shoulders. They’ll handle everything from reconciling bank accounts, processing payroll, managing accounts payable and receivable, and generating those important financial reports. You’ll get back to what you really want to do—running your business and making it grow!


4. Professional Bookkeepers Save You Time and Money

If you’re doing your own bookkeeping, think about how much time you're spending sorting through receipts, trying to balance your books, and Googling “How do I track business expenses?” That’s time you could be spending on more valuable tasks—like meeting with clients, improving your products, or just taking a break once in a while.

By hiring a professional bookkeeper, you free up time that you can reinvest into your business. Plus, you’ll avoid costly mistakes like underreporting your income or missing out on deductions. A bookkeeper ensures that your financials are accurate, and you’re not overpaying when it’s time to file taxes.


5. Peace of Mind

Ever had that sleepless night where you’re lying awake wondering if you’re doing your taxes right or if you missed a financial deadline? Yeah, it’s not fun.

With a bookkeeper handling your finances, you can sleep easy knowing that your books are in good hands. You’ll have confidence in your financial records, knowing they’re being handled by a professional who’s on top of everything. No more stressing over whether or not you missed something important. Your bookkeeper’s got it covered.


So, How Do You Find the Right Bookkeeper?

Finding the right bookkeeper can be a little like dating—except instead of roses and dinner dates, you’re looking for someone who knows your finances inside and out.


Here’s what to look for:


  • Experience and Expertise: Ensure they have experience in your industry. For example, if you’re in retail, find a bookkeeper who’s worked with other retail businesses.

  • Communication Skills: You want someone who can explain complex financial concepts in a way that makes sense to you—not someone who speaks in jargon that makes you want to hide under your desk.

  • Tech-Savvy: In today’s world, having someone who can navigate cloud-based accounting software (like QuickBooks, Xero, or FreshBooks) is a must.

  • Trustworthiness: Your bookkeeper will have access to sensitive financial data, so you need someone who’s reliable, ethical, and trustworthy.


And hey, if you’re reading this and thinking, “Wow, that sounds like a lot of work to find the right person,” don’t worry—we’ve got you covered.


Why Guided Bookkeeping is the Right Choice for Your Small Business


At Guided Bookkeeping, we’ve been helping Canadian small businesses thrive by providing expert bookkeeping services that are accurate, reliable, and—dare we say it—actually enjoyable. (Yes, we believe bookkeeping can be fun!)


We’ll make sure your books are in tip-top shape so you can focus on what you do best. Whether you’re just starting out or looking to scale your operations, we’re here to guide you every step of the way.


Plus, for a limited time, we’re offering 30% off monthly bookkeeping services for your first three months! That’s right—30% off.


So, if you’re ready to hand off your bookkeeping to the pros and get back to growing your business, give us a call at 1-866-488-1888 or shoot us an email. We’re here to help!


Final Thoughts


If you’ve been doing your own bookkeeping, it’s time to ask yourself: Do I want to keep wrestling with spreadsheets and receipts, or do I want to focus on growing my business?


Let’s face it, the world of business isn’t going to slow down anytime soon, but with a professional bookkeeper by your side, you’ll be in control of your financial future—without the stress.


So, let’s chat! Give us a call at 1-866-488-1888 to get started and claim your 30% off promotion today. Because when your books are in order, your business can go places!


Happy Bookkeeping!


– The Team at Guided Bookkeeping



 
 
 

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