Are you looking for the best bookkeeper in Toronto or in the Greater Toronto Area?
If you’re running a small business in Toronto or the surrounding area, you’ve probably realized that keeping your books balanced yourself isn’t the best use of your time. In such a busy city, there are just so many things that an entrepreneur should be focused on to achieve business growth, but administrative work isn’t really one of them.
Smart Business Decisions
Bookkeeping is one of the smartest things for a business owner to outsource. In fact, hiring a bookkeeper for your small business could actually save you money. Why? Because making mistakes can really add up. That’s why you’ve probably heard that 30 per cent of small businesses fail within two years; this happens because the expenses of these businesses outweigh their profits. A great Toronto bookkeeper can help you understand your numbers so that you’re on top of your financials and the situation never escalates to that kind of cash crunch.
A great Toronto bookkeeper just makes sense. Unless you’re a stellar numbers person and administrative superstar, invoicing, accounts receivable, balance sheets, and taxes are probably always nagging at the back of your mind, preventing you from focusing on sales, service delivery, and outstanding customer service. A pro will take charge of your books and keep your numbers in tip top order so that you don’t have to worry or stress about what needs to be done; your bookkeeper can keep you abreast of your business’ financial health and take a load off your shoulders.
It’s understandable that taking the leap to outsource your bookkeeping for the very first time can be scary! Relinquishing your finances requires trust—both trust in the individual you hire and their processes.
A great bookkeeper is more than just a human calculator. They’re someone who will join you as a committed extension of your team; a professional who is committed to your success. They won’t just run the numbers, they’ll also get to know your business intimately so that they can help make a positive impact on the growth of your business overall.
Qualities of a Great Bookkeeper
Of course, bookkeepers in Toronto require certain qualifications and skills, but what are the personality traits that you should keep an eye out for when hiring a bookkeeper? Most people can do the work at a basic level—after all, you started out doing it yourself at some point—but the question is, who is going to go the extra mile and do it really well?
Obviously, skills such as professional expertise and tax knowledge are a must, but what makes a bookkeeper go from basic to an integral member of your team?
The best traits to look for in a GTA bookkeeper are:
- Detail oriented
- Attention to follow up
- Ability to provide advice
- Ability to prioritize
- Passion for numbers
- Eagerness to learn
- Puts your business first
These traits will make sure that:
- Statements are verified
- Stray invoices are investigated
- Files are kept neat and orderly
- Payments are constantly followed up
- Items are allocated to the correct accounts
- Unusual items are looked into
- Paper is organized regularly
- Your bookwork is treated as if it was their own
- Your cash flow is managed
When you’re scouring the Toronto area for a great bookkeeper, you’ll want to keep these traits and skills in mind because it will save you both time and money. If your bookkeeper accomplishes everything listed above, not only will you save time related to financial management, but you’ll also free up more time to focus on growing your business. With all that time saved, you can see that investing in bookkeeping will actually save you money in the long-term.
Here at Milky Way VAS, I am a QuickBooks ProAdvisor and a Xero Certified Advisor. I offer professional cloud-based outsourced bookkeeping that encompasses all the skills and qualities that I’ve outlined above—perfect for your small Toronto-based business! Not only can I handle basic bookkeeping, but I also offer payroll services, bookkeeping setup, customer invoicing, and government filing. I provide a complete, efficient service so you won’t need multiple people to do the job.
And you know what else?
I really care about my clients.
I believe in building a relationship with you and your books so that I can understand your business and help advise you about the best choices for your finances. Your success matters to me, and I’ll go out of my way to ensure that you’re making all of the best choices when it comes to your small business in Toronto.
So, if you’ve asked yourself, “do I want a basic bookkeeper or do I want to partner with someone who will really care about my business, becoming an integral part of my team who is dedicated to my success?” then you definitely shouldn’t hesitate to reach out to Milky Way VAS. I am more than happy to answer your questions and ascertain all your bookkeeping needs!
Trust me, once you’ve found a great bookkeeper, you’ll never look back!