The first known recordings of bookkeepers date back to the ancient Egyptian period around 3100 BC. Records of workers being paid in beer and bread are listed on expense reports and profit and loss statements. It would be illegal to pay an employee or contractor in sheep or goats today. Our bookkeeping methodology is no doubt more sophisticated than those that existed before Christ, nonetheless, the practice is still required and is beneficial for businesses. There is a quantifiable difference between bookkeepers and accountants. As bookkeepers, it’s our job to record financial transactions. Accountants take our recordings classify, analyze, summarize and interpret them.
You may be thinking of opening a second location. It’s important to conduct a feasibility study. Analyze your profit and loss statements and opportunities for growth. If you have a bookkeeper on staff, she is going to tell you what you want to hear. She is concerned about her job security and with additional locations, she knows that her position will be more vital than ever before. The internal bookkeeper won’t tell you to postpone expansion nor will she instruct you on how to strategize to make it happen. When you hire Kelowna Bookkeeping, we have nothing to lose in being completely transparent. You will always receive an unbiased opinion as it relates to your finances.
Decrease your Overhead
As small business owners, we are sure that you are vested in your community. You want to see people thrive, provide for their families and earn livable wages. But you are not superheroes. You cannot scale up without securing a solid foundation. Having an internal bookkeeper on staff means that you must provide her with a competitive salary, paid vacation, sick leave and maternity leave. As an exempt employee, she is entitled to health care, vision and even access to a Registered Retirement Savings Plan. Imagine having entrée to the same benefits at a fraction of the cost. That is what you get when you enlist Kelowna Bookkeeping to manage your cash flow and other financial needs.
Today’s job market is characterized by high turnover and volatility. We don’t have the same job security as our grandparents. Grandpa worked at the same factory from the time he was able until he was 5 years from death. If he was injured on the job, a generous early retirement package was issued. The old rules don’t apply today. It’s no wonder employees are constantly searching for more lucrative opportunities. There are buyouts and takeovers that leave modern workers dangling in the wind. When you hire an external bookkeeper, you don’t have to concern yourself with position abandonment. In our 20 years of being in business, we have never dropped a client.
An experienced and talented bookkeeper will allow you to focus on what’s most important. Expanding your territory, product development, offering quality good and services. Run your business, give us the receipts, invoices and statements. We will take care of the rest. When managing the financial burden is lifted off your back, you are able to spend more time with your family. Have brunch with your girls. Enjoy 2 weekly games of golf. Kelowna Bookkeeping is your partner in business. We quantify, strategize and help you remain in good standing. We collaborate with several different types of businesses including retail, yoga studios, restaurants, tourism, hotels, ski resorts, real estate, hair salons and law firms.