Randy does accounting and payroll for my small business. Probably the best thing I ever did for my business and my mind was to hire him. If not, I think it’s quite possible I would have gotten an brain aneurysm. The amount of time you spend not worrying about books and taxes and focusing on your business is invaluable. Hire this guy.
How to Profit from Great Bookkeeping
Our services seem to fit best with businesses that have achieved $500,000 or more in revenues per year with management that want to know what is driving their business, as opposed to just having the books done for tax time. If this is you, please read on.
Your books tell a story of your business, one that can inform you of good achievements, as well as potentially negative trends.If your books are inaccurate or out-of-date, it is very likely that you may miss some powerful information about how to better manage your business.
Our Professional Bookkeepers will use their experience, knowledge and business savy to help you improve your profit, cash flow and ease of operations.
Focused Outsourced Bookkeeping helps small to medium sized businesses gain control of their bookkeeping and accounting by providing financial intelligence that is accurate, on-time, accessible and actionable.
Professional Bookkeeping Credentials
Certified Professional Bookkeepers, and members in good standing with the Institute of Professional Bookkeepers of Canada
Certified Quickbooks Experts
Certified Business Profit Consultants
We only hire professionally certified senior bookkeepers
Most firms engage junior bookkeepers to perform data entry and do much of the bookkeeping for their clients. These junior bookkeepers are less expensive, which may or may not save money for the client. However, this is not supposed to be just a bean counting exercise. These bookkeepers (and their supervisors) often make serious mistakes which impact the client. Some recent examples that we have encountered with new clients:
- Expenditures on fixed assets (costing over $500 and having a useful life over 1 year) have been included as an expense, rather than a capital expenditure on a fixed asset. A client was audited on 3 years of tax returns, resulting in penalties and interest of over $70K
- Sales taxes paid on expenses were done incorrectly, resulting in a GST bill that was too high. The owner had no idea that he was leaving money on the table
- Payroll calculations that are incorrect and remittances that don’t balance with what is required to be paid. The CRA is very intolerant of payroll mistakes and can easily initiate a payroll audit, which then can lead to a review of sales taxes and income taxes.
What is more important to consider is whether the work is correct, timely, relevant and actionable. Management needs focused information to help them make intelligent decisions.
At Focused Bookkeeping, we only hire professionally certified bookkeepers with over 10 years of experience. While this means our payroll is a little higher, we are much more effective and efficient than our competitors which often means a return on investment of 3-5 times our fees.
Dedicated bookkeeping teams
Focused assigns a dedicated Canadian based team including a bookkeeper, and controller to your business. We create a Smart Back Office that integrates your financial systems with QuickBooks and automates key processes to increase operational efficiencies. We remove the burden of day-do-day bookkeeping chores, ensure compliance and provide cost effective financial expertise on demand.
You choose which bookkeeping services to use
You can choose which services Focused handles and which you want to do in-house. We can become your complete bookkeeping and finance department or act as your Outsourced Controller only, overseeing your staff and performing monthly and quarterly closes.
I would highly recommend Randy’s services – fast, friendly, efficient and effective. The online appointment and reminder system makes it super easy to book a slot and everything can be done and dusted in a short about of time. I really felt I was being listened to and he understood the nuances of my personal tax situation. I will be returning for all my accounting needs in future.
Victoria and I just wanted to drop you a somewhat belated note to say how much we enjoyed meeting with you, and to thank you for getting us up and running with QuickBooks. We still have a ton of things to learn but are making a good start, and feel reassured that you are there!