The Tax Chick Podcast Bookkeeping 101 with Tasha Baier
Aug 12, 2020
Tasha Baier, a Saskatoon-based freelance business consultant and bookkeeper, shares her expertise on making bookkeeping less daunting. She explains the crucial differences between bookkeepers and accountants, helping listeners understand when to hire each. Tasha offers tips for choosing bookkeeping software, emphasizing the benefits of Sage and QuickBooks. She also discusses effective organization techniques, like scanning receipts and setting up a physical filing system. Tune in for invaluable advice that demystifies managing finances for entrepreneurs!
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Bookkeeper Vs Accountant
- Bookkeepers handle day-to-day transaction tracking while accountants analyze year-end results and tax filings.
- Good bookkeeping enables accurate forecasting and smoother accountant handoffs.
Outsource Non-Core Financial Work
- Outsource bookkeeping tasks that distract you from your core business and value your time appropriately.
- Hire a bookkeeper to handle reconciliations, payroll remittances, tax reporting and regular reviews.
Pick And Protect Your Software
- Choose software that fits your business: Sage for structured, mature setups and QuickBooks Online for cloud access and client visibility.
- Lock prior periods and control user access to prevent accidental edits and messy trial balances.