Do You Really Need A Bookkeeper?

Author: Balance & Foster Inc. | | Categories: Accounting Services , Bookkeeping Services , Tax Firm

 Blog by Balance & Foster Inc.

Managing your books yourself may be easy at the start. You can use Excel, an online template, or even better, accounting software. But as your business grows, so do the paperwork and your financial needs. Eventually, the time arrives when managing the books is the last thing you want to worry about. In that case, you should hire a bookkeeper for your business simply because it makes good business sense to do so. They can do these tasks better, and you can do other tasks better.

A bookkeeper’s time is best spent doing what they do best, and so is yours. They love what they do, and you should be doing what you love, too. At Balance & Foster, we can help you with all your bookkeeping needs.

List of services we offer:

1. Day-to-day management of accounts - By keeping track of every sale and purchase.

2. Maintain up-to-date and accurate records - By flagging any inconsistencies between the books and your business accounts.

3. Handle accounts payables - We will make the bill payments on behalf of your business.

4. Send out invoices and manage accounts receivables - We will prepare invoices and send them to your clients so you can receive the payments on time.

5. Process payroll - This means assisting businesses with processing paycheque and tax payments to CRA.

6. Prepare financial statements - Such as profit and loss, balance sheet, and cash flow statements.

7. Keep you prepared for your tax payment - Tax deadlines are strict. Doing the books is never a priority for many small businesses, so that deadlines can slip under the radar.


Once you have established a business, you need to pull yourself out of the tedious aspects of running your business so you can get into a position to push your business forward. As expertise goes, an actual bookkeeper has the talents and skills to do professional work in an efficient and effective way. Any bookkeeper worth their salt has honed their skills and has experience with most of the situations you’d encounter on a day-by-day basis. In fact, many bookkeepers have likely seen and resolved issues that would confuse, frustrate, and befuddle someone who has no knowledge of the industry. Working with a bookkeeper is an investment. Sure it’s an upfront expense, but that expense saves you time and money over the long term.

If you need help with your bookkeeping or are looking for tax accountants, advisors, and experts in Hamilton, ON, reach out to us at Balance & Foster Inc. We deliver global capabilities with the “local” touch that brings world-class assurance, tax and consulting expertise to our clients through enduring relationships built on genuine understanding and trust. We offer tax/ accounting, trusts and estates, bookkeeping services, and more. We serve clients across Hamilton, St. Catharines, Niagara Falls, Toronto, Markham, Vaughan, Kitchener, London, and the surrounding areas.

For a complete list of our services, please click here. If you have any questions about business bookkeeping, we’d love to hear from you, please contact us here.