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Renovation Bookkeeping: Getting Back on Track with Your Finances
- Arielle
- May 2, 2024
- 2 min read
Running a business is no easy feat. Amidst the hustle and bustle of day-to-day operations, it's easy for your bookkeeping to fall by the wayside. Maybe you had good intentions but found yourself overwhelmed by the sheer volume of tasks. Perhaps you entrusted your finances to someone who didn't quite have the expertise you needed. Whatever the case, you've found yourself in a situation where the bookkeeping monster has reared its ugly head, and it's threatening to engulf you entirely.
Signs of Trouble
How do you know when your bookkeeping has spiraled out of control? Here are some telltale signs:
Your office is drowning in paperwork, receipts, and unfiled documents.
Sleepless nights plagued by worries about looming tax deadlines.
Overwhelmed by the sheer magnitude of the mess, you're unsure where to even begin.
The fear of a dreaded call from the CRA (Canada Revenue Agency) looms over you.
You're in the dark about your financial obligations, unsure of how much you owe in taxes or GST.
The Good News
But fear not, for there is light at the end of the tunnel. At Sapphire Consulting & Bookkeeping, we specialize in taming the bookkeeping beast. With a team of highly skilled and dedicated bookkeepers, we use The Pure Bookkeeping System to empower business owners like you in their financial matters. Our goal is simple: to replace confusion, fear, and uncertainty with clarity, freedom, and control.
The Road to Recovery
Every bookkeeping rescue mission is unique, tailored to fit your specific needs. During our initial consultation, we'll conduct a comprehensive "Health Check" to assess the situation. From there, we'll outline a plan of action to transform your data file into a reliable source of information.
Some of the issues we commonly address include:
Bank accounts or credit cards that don't reconcile with statements.
Lingering outstanding transactions.
Imbalances in trade receivables and payables.
Incorrectly remitted GST and source deductions.
Misconfigured payroll categories leading to inaccurate information.
Unreliable inventory figures, among others.
The Stakes
The implications of neglecting these issues can be severe. From paying incorrect taxes to facing penalties and interest, the consequences are far-reaching. Worse still, unreliable financial figures can lead to ill-informed business decisions with dire consequences.
Take Control Today
Don't let the bookkeeping monster continue to wreak havoc on your business. Take the first step towards financial clarity and control by scheduling a free consultation call with us. Let us help you embark on your bookkeeping renovation journey, turning chaos into order, and uncertainty into confidence. Click here to book your consultation and take the first step towards reclaiming your financial peace of mind.
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