Question 1

How do I know it's time to hire a bookkeeper?

Accepted Answer

It's time to hire a bookkeeper when your books are falling behind or you can't see how your business is really doing. Common signs include:
Your books are behind, or you're not sure how far behind they areTax season feels stressful every yearYou can't say which jobs actually made you moneyYou're paying your accountant to sort out your bookkeeping
Most Alberta contractors and tradespeople start out doing their own books because they're busy building the business, so needing help doesn't mean you've done anything wrong. It's just the next step.

Question 2

I already have an accountant. Why do I need a bookkeeper too?

Accepted Answer

A bookkeeper keeps your numbers organized all year long, while your accountant usually reviews them after the year is over. That way your accountant gets clean records, and you get a clear picture while you can still act on it.
Good bookkeeping also helps when you're applying for a loan, catching errors early, and being ready if CRA ever asks questions.

Question 3

Do I need a bookkeeper if I'm a small, one-person trades business?

Accepted Answer

Often, yes. A one-person trade or contracting business has less room for surprises, so tracking your numbers properly from the start keeps you from cleaning up a mess later. It also shows you what's coming in and going out.
If you're not sure where you're at, let me know and we can take a look together.

Frequently asked questions

How do I know it's time to hire a bookkeeper?

I already have an accountant. Why do I need a bookkeeper too?

Do I need a bookkeeper if I'm a small, one-person trades business?

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