Are you doing your own books and need someone to review?
Are you seriously behind, overwhelmed and not sure where to start?
Not sure if you can claim something as a business expense?
Are you unsure if your books are compliant?
Not sure if you need accounting help but really need some administrative services?
Teeter & Co. is passionate about helping other business owners. Schedule a call to discuss your unique situation. If we can't help you we are happy to refer you to someone who can.
Schedule a call today and we can discuss your unique situation and come up with a solution together.
File a copy of your monthly reports! To ensure the accuracy of you accounting file it is important to save a copy of your monthly reports outside of your accounting software.
By saving the reports you can easily refer back to the previous months copy and identify any changes that may have occurred in your accounting software for a previous month. If you don't save a copy of the reports outside of your accounting software it becomes more challenging to identify where a change has been made to a previous period.
You can print a hard copy of your reports or save a copy on your computer or in the cloud!
There are so many financial and budgeting apps available today, like many tech tools and products in our lives, safety and security are all in the fine print. So, it's important to think about what app permissions could compromise you financially, and then to go into the app's settings to turn off those permissions. Also be sure to implement all the privacy and security features that the app has in place to keep your personal information safe.
For example, if you have the option to turn on two-factor or multi-factor authentication, always do so. This means that a PIN code will be sent to your phone to verify your identity before you can perform certain functions. Be sure to use a strong password (a phrase is better than a word) that would be difficult for others to guess. And beware of phishing scams, where a text or email asks you to click on a link and log in to change your password. Instead, open the app on your mobile device and log in at the source.
It's about inspection, detective-work, carefulness, and accuracy.
If you do your own bookkeeping and want to make sure you are staying within CRA guidelines, we are preparing something that we think is pretty exciting and it will benefit YOU!
