Are numbers not your thing? Spending too much time on Bookkeeping? We are here to Help!
BG Accounting and Business Solutions offers a full range of bookkeeping and accounting services that will suit all your needs and make your business run more effectively and efficiently. Our bookkeeping team is very knowledgeable and they are certified bookkeepers. They provide the hands-on care that your books need to make sure you are writing off everything possible and that your books are organized properly.
For over 10 years, our clients have benefited from our education based approach towards their accounting matters and have since kept more of their hard earned monies in their own pockets. We provide a wide range of bookkeeping services that cater to your individual and business needs. Our accounting and bookkeeping systems work around you. Whether you are a start-up and would like to manage your own books, OR Someone used to shoebox accounting OR interested in cloud based system, we have it ALL.
Bookkeepers oversee a company's financial data, by maintaining accurate books on accounts payable and receivable, payroll, and daily financial entries and reconciliations.
Bookkeepers handle the day-to-day tasks of recording financial transactions, while accountants provide insight and analysis of that data and generate accounting reports.
The chart of accounts organizes your finances into five major account types, called accounts: assets, liabilities, equity, revenue, and expenses.
In Canada, bookkeepers can set up their business and create a website outlining what they do without any accreditation or designations. However, you'll need some training and certification to become a professional bookkeeper.
Intuit's QuickBooks Online has been one of the most common accounting software programs used by small businesses and their bookkeeping and tax professionals. The software is cloud-based and can be accessed through a web browser or a mobile app.
Bookkeepers can help small businesses with accounting software like QuickBooks, taxes and tax preparation, payroll and more. Just a few things a bookkeeper can help with are compiling and reviewing financial statements, ledger preparation, budgeting, and sales and miscellaneous business filings
Keep record for expenditures, income , major purchases invoices made during the period
The single-entry and double-entry bookkeeping systems are the two methods commonly used. While each has its own advantage and disadvantage, the business has to choose the one which is most suitable for their business.
– Some common bookkeeping mistakes include misclassifying expenses, underutilizing your accounting software, Overcomplicating your chart of accounts, Not accounting for beginning balances, Recording bank funds incorrectly and many more
What is the Basic Accounting Equation? The basic accounting equation is Assets = Equity + Liability. It is also known as the balance sheet equation. The double-entry bookkeeping system is founded on this very equation, as it represents that the total credit balance equates to a total debt balance.
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Saturday – Sunday: CLOSED