GTA Accounting Insights

Category: Bookkeeping & Accounting

How Can You Benefit From ‘Virtual Accounting Services’?

Virtual accounting, online accounting, e-accounting, and cloud accounting are some of the modern names of accounting that are used interchangeably. Every accounting function that a traditional accountant used to perform in a brick-and-mortar office is now performed remotely with greater efficiency and effectiveness. There are many reasons why Canadian corporations are willing to partner with…
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What Technological Tools are Available for Virtual Accounting Services?

Virtual accounting refers to all those services that an individual or an accounting firm offers online. The biggest benefit of moving from traditional accounting to the virtual environment is that you can access your financial records anytime, anywhere with a simple internet connection and a laptop. If you have decided to set up a virtual…
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Advantages of Hiring a Virtual Accountant

‘Virtual Accounting’ is an emerging trend that allows qualified accountants to offer various accounting services remotely. Most of the Canadian businesses who are engaged with virtual accountants are taking advantage of their efficiency, flexibility, and cost-effectiveness. If you are self-employed or run a small business in Canada and cannot manage your accounting & bookkeeping tasks…
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How to Use QuickBooks for Recurring Invoices

There are many QuickBooks features that you can use to automate your accounting tasks. If you need to invoice your customers on a regular basis, you should use one of the powerful features of QuickBooks i.e. Recurring invoice. This feature can give your customers all the details such as invoice due date, invoice amount, and…
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Why Most Canadian Corporations Are Choosing Cloud Accounting Firms

The concept of ‘Cloud Accounting’ has evolved due to excessive reliance on virtual reality and the desire to digitize businesses. The widespread of internet-based applications have given birth to cloud accounting. Most of the Canadian corporations are moving their traditional accounting functions to the cloud. They are looking for more in-depth insights into various cloud…
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What to Look for When Hiring a Bookkeeping Service

Bookkeeping is an essential element of the overall accounting system and if you get the right person and processes in place, you will get the right financial information in a timely matter that will help you to make accurate and timely decisions. what essential things you need to look for when hiring a bookkeeping service?…
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Top 15 Tips to Use QuickBooks More Efficiently

QuickBooks accounting software is the most reliable tool for small & medium enterprises which can help businesses to simplify their finances. The software has a complete and powerful tool for bookkeeping and accounting services. It can handle customer invoices, vendor bills, and business taxes more efficiently. We have highlighted the top 15 helpful tips on…
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Comparison of QuickBooks Vs. Sage 50

Which accounting software is better; QuickBooks or Sage 50? It is better to check the unique features of both software applications. Additionally, analyze the hidden costs such as setup cost, support plans, up-gradation fees, cloud storage fees, and other similar charges. This will help business owners in deciding to select the right software out of…
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7 Things to do to Make Sure You Spend Less Time on Bookkeeping and More Time on Other Business Functions

It is pivotal for every type of business to ensure that all business-related transactions are up-to-date and recorded as accurate. The financial success of many organizations depends on how their accountants handle the bookkeeping activity. If companies organize their finances; both on the revenue and payments sides, they can’t be deprived of high profits. According…
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Is Hiring a Professional Tax Preparer Good or Bad?

The tax season is fast approaching. Much depends on how you approach this; do you pay taxes yourself or use the services of an expert. In order to grow your business, tax preparers can promise you big returns, some of which will be valid, and others may be not. Read on to find out what…
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