Too much detail can be just as bad as not enough!
Bookkeeping is a lot like going to the dentist…we generally dislike going, but skipping dentist appointments can lead to serious, long-term problems. The Canada Revenue Agency requires businesses to keep books and records with a specific amount of detail and understanding what level of detail is required is critically important.
How is your time best spent?
A trained professional can often complete bookkeeping in a fraction of the time it takes an entrepreneur to do it themselves. Consider that we complete bookkeeping for many of our clients in as little as 5 hours a month. Understanding the ramifications of not having your books done properly—you can’t afford not to use a professional.
Hiring Modi Accounting to keep your books will allow you to rest assured that your books are accurate, allowing you to engage in the activities you are best at.