Thirty Ways A Bookkeeper Can Help You Make More Money

In today’s competitive environment, information is power. When you outsource your financial management you receive valuable information to improve your cash flow, control your operations, and reduce your taxes.

Your financial statements will be prepared accurately and in a timely manner based on SAAP and CRA compliance. Plus, you will understand what the numbers mean, and how you can use them to manage your business more profitably.

You can save on expenses and make more money with our small business services.

  • Send out customer statements on time so you can get paid

  • File all customer invoices so that nothing gets lost

  • Track late payments in order to resolve these problems quickly

  • Ensure that you stop serving customers who aren’t paying their bills

  • Safeguard good customer relations by properly recording all payments

  • Accurately calculate interest, and collect it from overdue accounts

  • Reduce the need to borrow money due to poor cash flow

  • Ensure that you don’t lose sales because items are out-of-stock

  • Avoid rush delivery charges to obtain out-of-stock items

  • Stop wasting money buying more of what isn’t selling

  • Set your sales prices based on profit instead of conjecture

  • Concentrate on selling the most profitable items instead of the easiest ones

  • Identify proitable cross-selling opportunities

  • Avoid selling products at a loss because you don’t take markdowns on time

  • Know which money-making product lines to expand, and which ones to drop because they’re money-losers

  • Discover theft before it becomes a problem

  • Never pay a bill twice by mistake

  • Never lose a discount by paying a vendor late

  • Reduce the need to borrow by planning for your payment due dates

  • Maintain your good credit rating and keep your borrowing costs low

  • Obtain better credit terms based on your good payment history

  • Know how much payroll and sales taxes you owe, in order to avoid penalties and interest

  • Never write a bad cheque

  • Never pay another bad cheque service charge

  • Make sure all your cash receipts are credited to your account

  • Know when you have excess cash so that you can put it to work

  • Track your expenses in detail so you know which ones can be reduced

  • Never spend beyond your budget

  • Get the maximum tax deductions for the expenses of running your business

  • Figure your profit on a cash or accrual basis so you pay the lowest taxes

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