In the dynamic world of business, growth and expansion are often the ultimate goals. However, the journey towards achieving these goals can be challenging, especially for small businesses. This blog will delve into the critical role that bookkeeping plays in supporting the growth and expansion of small businesses. 
 

If you want to accurately keep track of financial records, you must understand the importance of bookkeeping. Implementing a bookkeeping system isn’t just a luxury, it’s an essential part of your small business. To properly manage your business, you need to know what’s happening on a basic financial level. Not organizing and analyzing your business expenses could prevent your business from reaching its full potential. To create awareness about the importance of understanding the end goal when acquiring a bookkeeping firm, the steps they require during the process, and where their starting point is, we at B A Sheahan & Associates Ltd have written down a beginner’s guide to transitioning to an organized bookkeeping system. 

Most small businesses have suffered some form of a financial challenge due to the COVID-19 pandemic. For some, it may be easier to recover, but for others, especially small businesses, it’s undoubtedly going to be an uphill battle.

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Original Article Source Credits:   Intuit and QuickBooks , https://quickbooks.intuit.com/

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It’s essential to file taxes on time and accurately to stay on the right side of the law. So, if you’re looking for an accountant to assist you with the process, you need to put in a sufficient amount of research to find someone that matches your expectations. You also need to go through online reviews and speak to people who’ve worked with them.

Original Article Source Credits:    Hottest Guides , https://hottestguides.com/

Article Written By:  Ifeoma Miriam Osuala

Original Article Posted on:  14 August 2020

Link to Original Article:  https://hottestguides.com/what-is-bookkeeping-and-14-reasons-why-bookkeeping-is-important-to-business/

Original Article Source Credits: CANADA , https://www.canada.ca/

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Original Article Posted on: 2020-08-25

Link to Original Article:  https://www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/efile-electronic-filers/efile-news-program-updates.html

Thanks for stopping by our blog. If you’re looking for more information about B A Sheahan & Associates Ltd., you’ve come to the right place.

As the proud owner of B A Sheahan & Associates Ltd., I look forward to sharing my story. I hope that you will enjoy getting to know me better.

I have been a practicing registered Chartered Accountant for over thirty-five years. During my history, I have held positions as both a chief financial officer for a major traffic management company and owned a similar business for a period of time. 

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