Hire An Edmonton Accounting Firm
Posted On: 19/05/21 - 0

Hire and Edmonton Accounting Firm

Outsourcing Edmonton Accounting Services

We hear every now and then why business owners are reluctant to hire an Edmonton accounting firm. They would rather save costs by doing it themselves.  Or, some business owners have a family member do the accounting for them.  Rarely does this work out well for the long term of your business.  Often we see that books have not been kept up to date, or taxes have been filed late (with penalties). Sometimes,  tax credits were not used due to lack of knowledge and experience on the friend or family’s part.

Accounting and other related functions such as bookkeeping are highly time-consuming. Also, it requires a high level of expertise and attention to detail. And, it’s highly expensive to do it all by yourself.  Staffing an in-house accounting department is not cheap. The following are the reasons why people hire accounting services to handle their accounting for their small business.

Assurance of Accuracy

Accounting can be a major headache as there’s a critical need for accuracy. Those who have been on the receiving end of a Canadian Revenue Agency audit understand that there’s a price you pay for honest accounting mistakes. When you outsource your accounting services, this professionalism translates into a high level of accuracy.  Hiring a professional service comes with time efficiencies as well as sound business advice.

Cost-Effectiveness

If you’re considering an entire accounting department within your business, you should know that it can be a costly endeavor. After all, there’s a lot that goes into managing an employee, much more than merely paying them a salary. You must consider other benefits, perks, bonuses, and perhaps the cost of a larger office. An Edmonton accounting service is by far a more economical option.  And the money you’d be saving is better spent in other areas to boost profitability in your business.

Avoid Waste of Time

For a small business owner, there is always so much to do. In this position, a small business owner must ideally strive to concentrate their efforts on those activities that directly boost revenue generation and growth. Looking after your books is a very time consuming activity, one that takes your time away from focusing on growing your business. When you outsource an accounting service, you’re letting go of responsibilities such as bookkeeping, tax preparation, payroll, to name just a few.

Receive Critical Financial Advice

A small business owner makes several financial decisions in a month, big and small. It can be something so small to you at the time, but it ultimately can have a huge negative impact down in the future. When you opt for Edmonton accounting services, you won’t just receive help in order to save costs, you would be given strategic advice that helps your business grow profitably.  After all, our financial decisions have a huge bearing on what comes later. Your team of specialists will be there to guide you through those key decisions in a timely manner.

An accounting firm such as ours can help a small business achieve steady growth and avoid common accounting mistakes.

For a no charge consultation, call our office.

12203-107 Avenue.
Edmonton, Alberta.
T5M 1Y9

Call us:
780.482.7297