Better Bookkeeping Creates an Audit Trail
When someone coined the term bookkeeping, they could have just as easily called it recordkeeping, because the role is all about keeping records of transactions and ensuring there is a trail and documentation to follow. Having that trail is an essential aspect of running a business because if the Canada Revenue Agency ever has questions, you need to be able to provide answers. Quickly. And preferably in a way that produces the least amount of stress for everyone. This is just one of many reasons to hire someone who has taken a bookkeeping course. Unless you run a bookkeeping firm, you didn’t start your business to learn accounting and that’s understandable. Even though there are a number of great online bookkeeping courses, not everyone wants to take one. Chances are it’s better to hire a professional bookkeeper than to try to manage it “off the side of your desk.” If you do decide you want more knowledge about the bookkeeping process and want to take a more active role in the