Ten Questions To Ask When Getting Through The Bookkeeping Process

Author: Patncat Co Inc. | | Categories: Administration Services , Bookkeeping Services , Payroll Services

Blog by Patncat Co Inc.

We have encountered thousands of individuals and companies over the years who have all asked us some crucial questions before hiring us. It’s important to have full confidence in your bookkeeper and understand exactly what they can do for you and your business.  

These are some of the most common questions asked us about bookkeeping: 

1. How can you help me grow my business? 
The key to growing any business is organization. Our experienced and knowledgeable team at PatnCat Co can ensure your business runs smoothly and efficiently. With us taking the stress out of the financials and bookkeeping, you can focus on growing your client profile and expanding.  

2. What are some business expenses I can deduct? 
There is a multitude of expenses businesses can deduct which can vary from company to company. Some basic deductibles are rent and cost of goods. After consulting with us, we will give you a custom, extensive list of all the costs your business is allowed to claim. 

3. How many years of experience do you have? 
Our team has over a decade of experience in the bookkeeping field. You can be assured that we have the expertise needed for any issues or type of business. 

4. What paperwork should I keep? 
We highly recommend keeping all your paperwork. All bills, receipts, and invoices should be kept for 7 years to comply with the CRA in case of an audit. 

5. How much do you charge for your services? 
Prices depend on the quantity of work we are asked to do. Larger corporations require more work and filing than a sole proprietor. We are willing to work with our clients to find a price that satisfies us both.  

6. What are my financial obligations to the CRA? 
Different businesses have different obligations, but all companies are required to report their yearly income. Most businesses are also required to file their HST earnings. PatnCat Co will ensure all obligations are met.   

7. Do you have any ideas about how I should structure my business? 
There is no universal blueprint when it comes to business structure. Each business should structure themselves in the best way for their company to operate and succeed. With our many years of experience, we can give helpful insight and ideas on how to do such. 

8. What accounting software do you use? How does it work? 
We work with various software when it comes to taxes and bookkeeping. Depending on the work required and the company, we use different software for maximum efficiency. Examples of the software we regularly use are Quickbooks, Dext, and Xero. 

9. How would you describe your office? 
Our office is a close-knit group of hardworking, experienced individuals whose goal is to help every client succeed. We utilize in-office and online work to reach a broad spectrum of clients. Our office is compassionate, diligent, and always ready to take on a new challenge.  

10. What are my deadlines? 
As with all aspects of business, deadlines vary from one to another. There are yearly taxes, HST filings, WSIB, payroll and more! It’s easy to get overwhelmed and miss a deadline. That’s why it’s crucial to have an organized team such as PatnCat Co to keep track of your various deadlines and ensure none are missed. 

If you are looking for a full-service bookkeeping firm in the Stoney Creek or Cormac area, connect with us at Patncat Co Inc.. If you want more information about the services we provide, please click here. If you are looking to connect with us and think that we can assist you, please click here.