GTA Accounting Insights

Category: Bookkeeping & Accounting

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…
Read Article

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…
Read Article

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?…
Read Article

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…
Read Article

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…
Read Article

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…
Read Article

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…
Read Article

When to Outsource Bookkeeping for Your Business

Outsourcing your bookkeeping to an accounting firm is an important decision for any business. Below are few of the factors to consider: Filing a tax return based on wrong financial statements may lead to CRA’s penalties. So as a rule of thumb when your business grows, decide for outsourcing of bookkeeping to a professional. Your…
Read Article

6 Reasons Why You Should Outsource Bookkeeping

It is an important decision to outsource the bookkeeping to an accounting firm especially when you don’t have the in-house accounting expertise for your business who can professionally handle bookkeeping issues for your business. For any organization, it is important to assess as to what extent the bookkeeping services can be outsourced. In order to…
Read Article

Tax Accounting Toronto Checklist: 20 Key Things to Do and When to Do Them

Be it personal or corporate tax accounting services, GTA Accounting’s bookkeeping services are here to guide you through the process of maintaining an organized and easy to access bookkeeping system. To ensure your business’ success and protection through proper tax accountant, the following list will do exactly just that, let’s start: Daily Accounting Tasks: 1:…
Read Article