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FAQs

Here are some common questions we receive from our clients regarding our accounting services.

Can I do accounting myself?

Day-to-day aspects such as paying bills and other similar tasks that require immediate attention are accounting tasks we recommend you handle yourself.

While there are online accounting softwares that can help with the more difficult accounting tasks, we highly recommend partnering with a trusted accountant that is there to help you with your business's financial health and goals while staying compliant with CRA.

What are some benefits of having an Accountant?

While everyone's business goals and objectives are different, we are here to identify where improvements can be made or opportunities can be captured, such as:

- Helping clients acquire other businesses
- Assist with aligning with bankers
- Helping with leases, refinances, and selling of businesses
- Keeping compliant with CRA, taxes filed on time, and audits

We provide a wide range of services that we are confident could benefit your business. Contact us today to learn more!

What Accounting Software do you support?

We use a variety of different accounting systems: QuickBooks (for both desktop and online), Xero with Tax Cycle, and Sage Simplify. We also work with AVWAL, SAP both Business ByDesign (SAP BYD) and S4, and for other tasks, we use software like TELPAY, Tax Cycle, and CaseWare. But we know everyone's needs are different. So, if you prefer to use a different system, we're happy to work with that too

When to switch accounting firms? How should I go about it?

There are many different reasons one may switch accountants or firms. Typically we have found clients who have came to us found that their accountant was untimely with communication or filing, did not educate them on how to maximize their profits and be more efficient with their taxes, or did not provide services that their business required.

If you are feeling doubtful, contact us today and we will identify and advise if there may be a need to switch. And if you are ready to switch, the process is simple:

- Inform your current accountant
- Share with your new accountant your goals
- Share access to your physical or online accounting books

Still have questions?

We're here to help you with any inquiries.