Bookkeeping is one of the most important aspects of running a business, yet it is often overlooked or not given the attention it deserves. It is the first step in the accounting process that helps ensure that all financial transactions are accurately recorded and that information is readily available when needed.
At NBG Chartered Professional Accountant (CPA), we offer a full range of bookkeeping services in Hamilton and surrounding areas to small and medium-sized businesses, which ranges from data entry and bank reconciliations to payroll and financial reporting. With our years of experience, we can ensure you the best bookkeeping services. In addition, our bookkeeping services are fully-customizable and scalable based on your changing requirements.
We understand that every business is different and has unique bookkeeping needs. That’s why our company works with you to understand every aspect of your business fully, then establish sound systems from the start that suit the unique needs of your business.
Without proper bookkeeping, you run the risk of hitting cash flow crunches as well as wasting time and money and missing opportunities. We can assist in managing businesses of all sizes, reducing tax preparation headaches, minimizing mistakes and generally running a business less stressful.
Our accounting and bookkeeping services include:
Whether you need help setting up your books from scratch or need ongoing bookkeeping support, we can tailor our services to meet your needs.
At NBG Chartered Professional Accountant (CPA), we are passionate about helping businesses succeed. Our bookkeeping services provide the necessary support to ensure that your day-to-day operations run as smoothly as possible and that you always have an accurate snapshot of your business finances.
We also provide financial analysis that can identify losses and opportunities. Our experienced team of professionals will work with you to analyze your data, review your processes and uncover cost savings or new revenue streams. We help businesses understand the key drivers of their business performance and take steps toward making informed decisions.
In addition to providing bookkeeping services, we ensure that your business complies with applicable laws and regulations. We can help you understand the ever-changing legal landscape and ensure that your financials comply with all federal, provincial and local requirements.
At NBG CPA, we provide the services you need to ensure that your financial records are accurate and up-to-date. With our timely and reliable bookkeeping, you can make the most of your valuable resources and run a well-managed and profitable business.
Bookkeeping is the process of recording, categorizing, and summarizing financial transactions to provide useful information for business decisions. Bookkeeping services can be provided by an accounting firm or an individual bookkeeper.
There are many benefits of using an accounting firm for bookkeeping services.
Here are just a few:
1. Save time and money -
You can save time and money when you outsource your bookkeeping to an accounting firm. An experienced bookkeeper can quickly and efficiently handle your bookkeeping needs, freeing up your time to focus on other aspects of your business.
2. Accuracy and efficiency -
Accounting firms have the resources and expertise to ensure that your bookkeeping is accurate and up to date. This can save you money in the long run by avoiding costly mistakes.
3. Peace of mind -
Knowing that your bookkeeping is in good hands can give you peace of mind. You can focus on running your business safe, knowing that your books are being taken care of by professionals.
4. Tax Compliance-
An accounting firm can help you with tax compliance, ensuring you meet all your obligations and avoid penalties.
5.Business growth -
As your business grows, an accounting firm can provide the bookkeeping support you need to scale up your operations.
If you are looking for bookkeeping services, consider using an accounting firm. The benefits outlined above show that it can be a wise investment for your business.
We do offer both hourly rates and set monthly fees to accommodate the needs of our clients.
Hourly rates are often preferred by clients who have sporadic or unpredictable bookkeeping needs. This allows them to pay for the exact amount of time spent on their specific tasks.
On the other hand, a set monthly fee is typically more beneficial for clients who require ongoing bookkeeping services. This fee is based on the anticipated amount of work required each month and allows for a predictable budget. By opting for a set monthly fee, clients can enjoy the peace of mind of knowing their bookkeeping needs will be consistently met without having to worry about tracking hours or fluctuating costs. For example, a small business that needs regular bookkeeping services to manage invoicing, expenses, and payroll would benefit from a set monthly fee.
It's important to note that the rates and fees we offer are tailored to the unique requirements of each client.
It is not mandatory to update your records monthly. You can also do it quarterly, or annually. However, the greatest advantages come from regularly updating your information. A significant number of our clients opt for receiving updated data on a monthly basis and we strongly advise you to consider this option as well.
Rest assured, you are not alone! Many small business owners find it challenging to keep their books organized. Our team specializes in assisting small business owners like yourself to regain control over their bookkeeping. Before we commence, we kindly request your historical bank statements, enabling us to accurately assess the level of work required for your specific situation.
Cloud bookkeeping services differ from traditional bookkeeping in several ways.
Firstly, cloud bookkeeping services utilize cloud technology to store and manage financial data. This means that all financial information, such as invoices, receipts, and bank statements, are stored securely online and can be accessed from anywhere with an internet connection. In contrast, traditional bookkeeping often involves physical paper documents and manual data entry, which can be time-consuming and prone to errors.
Secondly, cloud bookkeeping services offer real-time collaboration and access to data. Multiple users can access and update financial information simultaneously, which can be beneficial for businesses with remote teams or multiple branches. Traditional bookkeeping, on the other hand, typically involves a single bookkeeper working on financial records at a time.
Furthermore, cloud bookkeeping services often provide automated features and integrations. For example, they can automatically import bank transactions, categorize expenses, and generate financial reports. These functionalities save time and reduce the risk of human error. Traditional bookkeeping usually relies on manual processes, which can be more time-consuming and increase the likelihood of mistakes.
Additionally, cloud bookkeeping services often come with advanced security measures. Data is encrypted and backed up regularly, ensuring that financial information remains safe and accessible even in the event of hardware failures or natural disasters. Traditional bookkeeping may rely on physical storage methods, making data vulnerable to theft, loss, or damage.
Lastly, cloud bookkeeping services offer scalability and flexibility. As businesses grow or their needs change, cloud bookkeeping services can easily accommodate the increased volume of transactions or additional users. Traditional bookkeeping may require additional resources or hiring more staff to handle the increased workload.