Main Street Bookkeeping

Now accepting new clients. If you need help with your Bookkeeping contact me today.

Do you have clients who owe you money? Would you like help collecting? Contact us today and let us help you with that.Do you have clients who owe you money? Would you like help collecting? Contact us today and let us help you with that.

We have officially been listed as a member of Canadian Bookkeepers Association http://www.c-b-a.ca//ontario-dir/ontario-junior-directory/

The purpose of a trial balance is to ensure that all entries made into an organization's general ledger are properly balanced. A trial balance lists the ending balance in each general ledger account. The total dollar amount of the debits and credits in each accounting entry are supposed to match. Therefore, if the debit total and credit total on a trial balance do not match, this indicates that one or more transactions were recorded in the general ledger that were unbalanced.

The terms income and profit have essentially the same meaning. They both refer to the amount of residual earnings that a business generates after all revenues and expenseshave been recorded. However, there are some situations in which the meanings of the two terms can diverge. This is most commonly the case when an entity generates its cash inflows from the receipt of interest on its investments. In this situation, interest is considered to be the revenues of the entity, so that interest income is considered a top-line (revenue) item, rather than a bottom-line (profit) item.

Many have asked me what is a Transaction... A transaction is a business event that has a monetary impact on an entity's financial statements, and is recorded as an entry in its accounting records. Examples of transactions are as follows: Paying a supplier for services rendered or goods delivered.... Paying a seller with cash and a note in order to obtain ownership of a property formerly owned by the seller. Paying an employee for hours worked. Receiving payment from a customer in exchange for goods or services delivered.

To celebrate the kids going back to school on Tuesday, we are offering Back to the Books September Rates Special... Contact me to find out more. I look forward to discussing what I can do to help you

Accountants analyze financial transactions in financial statements and business reports following accounting principles, standards and requirements. Accountants analyze and interpret financial data to report the financial condition and performance of the business to company leaders to help them make informed business decisions.

Bookkeepers record financial transactions in chronological order on a daily basis. Because accounting software automates many of the processes, some bookkeepers in small organizations also classify and summarize financial data in financial reports. These bookkeepers are often referred to as full-charge bookkeepers. They make higher salaries than bookkeepers but lower salaries than accountants.

The accounting process involves recording, interpreting, classifying, analyzing, reporting and summarizing financial data. Bookkeeping is the process of recording financial transactions. Recording financial transactions is the first part of and the foundation of the accounting process. Bookkeepers handle the recording part of the accounting process. Accountants handle all parts of the accounting process.

While bookkeeping and accounting are both essential business functions, there is an important distinction. Bookkeeping is responsible for the recording of financial transactions. Accounting is responsible for interpreting, classifying, analyzing, reporting and summarizing financial data.

I have been asked alot about my rates for bookkeeping. Yes I have set flat rates, but I also understand that not everyones needs are the same. I would love to sit down and discuss specialized rates to suit your bookkeeping needs.

Did you know "Bookkeeping is the only English word to contain three sets of double letters back-to-back-to-back

What is your biggest frustration with your current bookkeeper? I am hearing alot of the same problems. I would love to talk to you about how we can fix those problems here at Main Street Bookkeeping.

Its official. We are now open for business and accepting new clients. Contact us today to book an appointment to discuss your book keeping needs.