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steps help to streamline the Backoffice and save money

Apex Accountingu2019s in-depth knowledge of the many tax and accounting regulations specific to your industry helps us deliver a solution completely customized to your needs. We go beyond these traditional bookkeeping duties. We love the basics, but we also love going above and beyond. Not only will our bookkeeping services manage your dental practice finances, but we will also seek to maximize your business cash flow.<br><br>https://apexaccounting.ca/services/basic-bookkeeping/

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steps help to streamline the Backoffice and save money

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  1. Steps Help To Streamline The Backoffice & Save Money apexaccounting.ca

  2. Cloud Drive Setup on Dropbox/one drive or google drive to store files.

  3. Create a filing system on the cloud Create different folders All the papers are to store various essential; you might documents so whenever have to submit them to required, you can retrieve CRA for up to 7 years. and use them

  4. Setup accounting software to record day-to-day accounting tasks; you have to be careful Accounting while choosing the accounting software. You should be able to Software import raw data from banks and credit card companies. You should be able to import other transactions to the software.

  5. Accounts payable management Create a separate folder for accounts payable, and you can create a separate folder for each supplier, store all invoices and payment receipts in the folders. Payment to Supplies Always write a cheque or pay by credit card bi-weekly or weekly basis, do not write cheques daily. It will decrease productivity.

  6. Auto Capturing bills To avoid errors in AP management, you can link any other companies to capture invoices and enter the system; it will reduce the error and save a lot of time for your accounting staff. These systems store your invoices and receipts for 7-10 years.

  7. Multiple Locations If your account department is doing various locations, then plan or fixed a day to collect all information & process transactions on the same day. In this scenario, you have to be careful to design a chart of accounts, and it should do properly. COA is important for consolidated financial reports.

  8. Payroll Management My Business Account Connect with world-class Always try to make payroll processing companies everything online and to run your payroll. It will help monitor the CRA account you minimize your work, and monthly to avoid fines you do not have to worry and penalties. about remittances and year- end reports.

  9. Controller Review Hire the person who knows the business to review your entire system on a monthly, quarterly basis, so if there is anything not on track, he can guide you to fix them. It will streamline your year-end process so you can do your closing on time and would be able to file taxes before the deadline.

  10. 230 Sackville St #1008 Toronto, ON M5A 0B8, Canada Contact info@apexaccounting.ca (647) 979-7728

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