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How Bookkeepers Can Help Your Business

Depending on your business needs, you could have your bookkeeper can help with processing paychecks and inputting payroll data. They can also help manage timesheets for hourly employees. If you need help managing your small business expenses or with its payroll needs, contact Muia Consulting. Our team of experienced and knowledgeable bookkeepers will ensure your books are balanced, so you donu2019t miss a dime. To know more about bookkeeping services in Toronto, visit the website or call us right now.

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How Bookkeepers Can Help Your Business

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  1. HOW BOOKKEEPERS CAN HELP YOUR BUSINESS www.muiaconsulting.com

  2. INTRODUCTION If you hire bookeepers to avail bookeeping services in Toronto there are different duties depending on the business needs of them. Most use accounting software to do their work nowadays. While the role of a bookkeeper is ever-changing, there are some core responsibilities that they all do. If you are wondering what a bookkeeper is responsible for, then you are likely wondering whether you need one or not. Here is a breakdown of what a bookkeeper can do for you.

  3. STREAMLINE THE TECHNOLOGY AND PROCESS Bookkeeping may sound like an outdated profession (who still keeps records in a physical book?), but they are actually adept at keeping up with the latest technology. They are on top of the latest app or the newest solution to a specific problem in your industry. Bookkeepers can find ways to cut your labour costs and make your back office run smoothly.

  4. Bank feeds link to your accounting software, allowing you to view business transactions in real-time. This software should be able to categorize transactions automatically, but a bookkeeper can make sure they are correctly categorized. They may also have to add transactions manually, like a handwritten cheque. MANAGE BANK FEEDS

  5. PREPARE FINANCIAL STATEMENTS Bookkeepers generally prepare three major types of financial statements, which are the balance sheet, profit and loss statement and cash flow statement. Ideally, you should have monthly summaries of these statements as well as a year-end one.

  6. RECONCILE FINANCIAL TRANSACTIONS AND BANK ACCOUNTS One of the most important tasks your bookkeeper can do for you is reconciling your financial accounts. It ensures your transaction details in your software match the details on your bank statements. You should routinely reconcile your fraudulent charges, overdraft fees and incorrectly reported transactions. accounts to prevent

  7. CONTACT US www.muiaconsulting.com info@muiaconsulting.com (647) 493-0541

  8. THANK YOU!

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