Max is a lawyer and runs his own legal practice; we met on 2009 when I was updating my foreign accounting credentials on Canadian payroll and income taxes. He was in a panic state looking for someone to clean-up his accounting books as the Law Society of Upper Canada was reviewing his practice. In the middle of the audit Max had the bad luck of loosing all his database as his computer decided to crash. No back-ups! He hired me to re-construct his books and provide all the information to the auditors with the goal of not loosing his licence.
I came back home that day with a giant bag containing 5 years of receipts, bank statements, client’s ledgers and a laptop with PC Law installed to recover all the data and the responsibility of doing everything right. My living-room became my office and step by step I was able to sort out and properly file all the receipts, record all the entries on his legal software and provide accurate reports for the auditors. Max reached his goal of keeping his licence as the accounting standards of the Law society were met.
By offering support and providing him with the reports he so desperately needed, I discovered I really enjoyed the whole process. I love cleaning-up messy books, recovering data and providing management reports that help business owners make better decisions and be covered and totally prepared when the auditors knock at their doors. Seeing the change on people from the panic state to feel comfortable and safe with their accounting reports is a prize on its own.
Yes, Max is still my client and we’d navigated together numerous audits: CRA and Law society, and he is happy with the results. The first thing he does when he receive the regular letter from the legal board, is to call me, and we then prepare all the reports: Stress-Free process.
When you are in business chances are, you’ll get audit by Canada Revenue Agency or your professional board. But you also need to make sure everything is recorded properly, and you have an efficient archive system where you can find what you are looking for at any given time. We can help you, we can offer you solutions to keep your accounting records up-to date and you can count on management reports that free your time to focus more on your business.
What tips can I give you after sharing Max’s story? Here they are:
- Always have back-ups systems in place
- Keep tidy records and efficient archives
- Hire a professional to run you bookkeeping and managements reports
- Be proactive and prepared for any review
- Follow-up with your bookkeeper regularly: it’s your business!!
Is there anything more relaxing that knowing that your records are audit-proofed? Imagine the free time and the comforting peace of taking that pain out of your mind. Now you can enjoy running your business and have better results. As I did with Max's practice, we can offer this peace to you too: a set of up-to date and accurate records that will make you feel protected from an audit. We are your shield.
Book a free meeting today to check the bookkeeping health of your business. Don't panic if the auditors call you.