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Fall back into bookkeeping mode with three tips from the Number Cruncher

back to school, bookkeepers, bookkeeping, catching up on bookkeeping, entrepreneurs, financial organization, personal finances, September, small business owners, Small Business Bookkeepers in Vancouver, Quickbooks, Ledgerdocks, Tax Return Service Vancouver, Vancouver Bookkeeper(s), Tax Return Service Vancouver, Spiderman

Summer weather is a slowly-fading memory. Your bookkeeping needs some TLC. Spidey senses tingling…..

Look at your pile of receipts grinning sheepishly at you from across the room. Do you spend hours staring at them and envision turning that pile into a neat, categorized pile of receipts that are arranged into a filing system that your bookkeeper will love?

Has it possibly been months and the pile is still there? It’s time to let go of the dream of doing it yourself and bring them to us, your cool and keen Bookkeeping Super Heroes!

Slay your bookkeeping this fall (before the holiday craze kicks in November), and be ahead of the ball for tax season.

Whether you’re a small business owner or an awesome human living your life, here are three tips on how to catch up and stay organized, from Homeroom’s very own superhero Allysia Lewis, the Number Cruncher:

Allysia-

  1. If you are NOT already utilizing the fabulous LedgerDocs to take care of all your receipts digitally and you feel like you’re living inside of a bill blowing booth, do this: Buy an awesome folder. That is, anything to hold all your documents neatly together. Preferably, with separators/ pockets. The Number cruncher recommends you hit up Dollar Store, Staples, London Drugs or Walmart.
  2. Collect ALL your documents (expenses, sales, bank, and credit card statements). Look HARD in all the nooks and crannies to ensure no scrunched up bills welcome in the New Year in between your car seat. Your tax preparer will not want late receipts once your tax return is in progress or has been finalized.
    1. IMPORTANT: Small business owners: Separate your business expenses from your personal expenses. 
  3. Organize all your receipts by category: Meals. Utilities, Auto (Gas, Repairs, Parking), Office Expenses, etc.

We file tax returns for self-employed and employed individuals! We might have the power to revive even the sloppiest bookkeeping, file 12 years worth of tax returns, but you will save money by following the steps above, and help yourself stay up to date with your bookkeeping! The true power lies in you!

Contact us today here to learn more about our bookkeeping services, or request an e-return here.

Catch up on your bookkeeping NOW

Bookkeeping, Vancouver, Small Business
Boo. It’s a hard-knock life….when you’re WAY behind…..

Does it feel like there’s never enough time to get to your bookkeeping? With the business expanding, do you find bookkeeping moves lower and lower on your To-Do list until it’s turned to that nagging voice in the back of your mind that you wish would go away?

Worry no more; Homeroom’s got your back. So let’s get to know each other! Simply fill out our client intake form, sit back and relax. This form will help us learn more about your business and give us the information we need to send you a proposal. Getting organized has never been so easy, you can do it from your couch!

Having organized books is important and helps you avoid an audit or limits the pain of an audit if it happens — with clean books, the CRA are able to finish sooner. It also saves time when you file and gives you a clear picture of your business’ financials.

Professional bookkeepers make sure you aren’t missing anything and that you’re getting as many breaks as possible, while keeping you aware of your business’ overall financial health by sending profit and loss statements and balance sheets.

Let us focus on what we love — your books! — so you can focus on what you love — your business!

Homeroom Client: Army Of Rokosz

jewelry, Army Of Rokosz, Andrea Rokosz, Vancouver, small business owner, metal arts, bookkeeping, Homeroom

This month’s featured client is Army Of Rokosz Jewelry Design and Metal Art, designed and created by Andrea Rokosz. Andrea uses ancient techniques to make her jewelry that is shaped by her appreciation for the unconventional and ornate. Her small wearable sculptures reflect her love for adventure, folklore, and pop culture, as well as, a respect for nature, history, science and religion.

When did you open your business?

I started Army Of Rokosz as a part-time gig while I was in jewelry school, but it wasn’t until 2013 that I left my part-time job to focus my energy on Army Of Rokosz full-time.

What do you enjoy most about being a business owner?

There are many facets about being a business owner that I absolutely love. I really enjoy the comradery that naturally exists between small business owners. I don’t have any formal business education so a lot of what I know and do on the business end of things has been learned from asking a ton of questions to people who have done it, or are doing it. In Vancouver, right now, there seems to be a lot of amazing people starting up their own businesses so having a community of like-minded people supporting one another is pretty inspiring.

What motivated you to start your business?

Honestly, I just started making jewelry and the response was so great that I followed along the path I was being shown. I never really thought I would own a business — I don’t know what I thought my end game was when I started making jewelry — but I am totally stoked things have turned out the way they did.

What’s your vision with your jewelry?

I really like to design things that I would want to wear, it’s what lights me up and gets me excited to work on a piece. I started out launching my line Army Of Rokosz — available online and in stores across North America — but now I work one-on-one with clients on custom pieces. There’s something extremely special about getting to know someone and being able to make their vision a reality as well.

What do you like about jewelry making?

I love it all! I feel very fortunate that I get to do what I do every day. When I sit down and think about the actual act of making each piece and the historical lineage of the techniques I use (passed down over thousands of years), it makes me feel like what I do is pretty special and important. I also really love getting to create ceremonial pieces, engagement rings, and wedding bands. The first time I watched a couple exchange wedding bands I had made, I got pretty emotional.

What advice do you have for future business owners?

Ask a lot of questions and hire a bookkeeper.

How do you achieve work/life balance?

For a long time, I didn’t. I work for myself, by myself. So when I first started out and was getting busier, I just defaulted to working all the time — which was crazy. As basic as it sounds, I put myself on a schedule, have set days and times that I work, and take weekends off. I love my time in my studio, so after a couple days off, I’m always geared up to get back to work.

Who would benefit from your services?

I think people reach out to me when they are looking for pieces that tell a story, whether it be a story that I’m telling through my collection, or one they want to tell with a custom piece. Everything I make has a meaning and significance behind it that has a unique way of resonating with people.

Connect with Army Of Rokosz on Facebook, Instagram, or Twitter.

Teya talks filing taxes in recent Globe and Mail article

Marjo Johne’s article provides tax tips for small businesses

Homeroom’s Teya Mali was featured in the Globe and Mail this week, discussing tax tips for small businesses, small business owners, and entrepreneurs. When filing taxes, she urges all business owners to keep their personal and business income and expenses separate, and doles out advice on how to effectively do so.

Check out the full article, “Business or personal? How to stay on the taxman’s good side,” written by Marjo Johne on the Globe and Mail.