Expenses & Accounts Payable
Most of the time, business owners prefer paying bills themselves, whether it be through cheques, wires, or credit card. In these cases, we would just record the expenses. As the business grows, the entrepreneur wants to offload this task to us. We can set up a system where all the vendor bills are sent to us. We would prepare the cheque and the entrepreneur would simply print, sign, and send off.
What’s the point of all of this bookkeeping? It’s to give you Clarity, so you know where you are. Once you know where you are, then you can start planning for the future. We can provide the simple reports, such as the Balance Sheet, Income Statement and Cash Flow Statement. As CPA’s we can go a step beyond and create Dashboards that give you Financial Insight. We can include metrics measure profitability, marketing effectiveness, employee efficiency etc.