by ABS Professionals | Mar 20, 2016 | Blog, Cloud Technology
Whether we like it or not technology is here to stay and almost everyone when it comes to their taxes is now going to have to develop some skills when it comes to automation and the government. The Canada Revenue Agency (CRA) is sharply encouraging its automation tactics that they’re at present applying. The automation comes in many different forms and you are going to be hearing a lot about the E–services when it comes to the CRA.
(more…)
by ABS Professionals | Aug 20, 2015 | Blog, Cloud Technology
Some Small Business Owners do their own Accounting, but others hand their records off to an Accounting and Tax Services experts. Someone who is trained in Accounting and knows what to look for can you save time, money, and frustration. But even the best Accounting and Tax Services experts need information and records from you.
When you submit your business records to your Accounting experts, do you give them digital files with all the information neatly organized, or do you hand over a box of loose papers and receipts and expect them to sort it out? If your records aren’t digital, it could be costing you.
Keeping clear, concise, and organized digital records allows you to:
Quickly retrieve your data and create accurate reports: Making a report from paper records can take weeks. With Accounting softwares like (QuickBooks, Xero, FreshBooks & Sage 50 Accounting), you can get the information you need presented to you in an easy-to-understand format within minutes. Spend less time waiting on reports and more time analyzing and acting on the information to improve your business.
Spend less money on accounting fees: Whether you’re hiring a private Accounting and Tax Services expert or have one on staff, clean digital records or Paperless records means less billable time is wasted. Your Accounting expert will spend less time focusing on getting your records in order and more time discussing the content. This means your Accounting and Tax Services Firm can spend more time showing you how your business can save money and avoid pitfalls in the future.
Reduce document storage fees: Businesses must keep Tax records and other financial documents on hand for a minimum of seven years. Many business owners opt to keep them much longer. In addition to financial records, some industries require businesses to store extensive records about clients. Keeping paper files takes up valuable floor space. You could easily replace an entire room full of paper files with one database on your computer.
Keep your business’s financial information more secure: In today’s world of high-profile hacking scandals, it might seem counterintuitive, but digital records are actually more secure than paper files. With paper records, anyone with access to the files can simply open them up and read them. You can encrypt digital files and limit data access to authorized users, so the data is only available to those who need it.
Get up to speed quickly in the event of data loss: Natural disasters, fires, and other unforeseen events can wipe out paper records. With digital files, you can keep your backups offsite. If your computer crashes or disaster hits, you won’t be dead in the water. Simply install the software on a new computer and restore the records, and your business can be up and running within a few hours.
(more…)
by ABS Professionals | Aug 13, 2015 | Blog, Cloud Technology
A Paperless Office Environment is work surroundings in which the use of paper is eliminated or greatly reduced. This is done by converting documents and other papers into digital form. Advocates claim that “going paperless” can save money, boost productivity, save space, make documentation and information sharing easier, keep personal information more secure, and help the environment. The concept can be extended to communications outside the office as well. It is very easy to recover your documentation for Canada Revenue Agency (CRA) Review and for your business purposes.
Accountable Business Services (ABS) ABSPROF is an Accounting and Tax Preparation & Filing, Bookkeeping and Payroll service provider firm provide Paperless Office Environment for Accounting and Tax Services in Alberta specially Edmonton Area, St Albert, Strathcona County, Calgary, Red Deer, Lethbridge, Medicine Hat, Fort Mcmurray, Grande Prairie, Airdrie, Banff Canmore, Lloydminster and all over Canada that merges comfortable, personal service with the advantages of leading-edge technology.
ABS ABSPROF specialize in creating a “Paperless” Accounting Environment through online systems that increase efficiency and productivity while helping to reduce reliance on paper reports, files and forms. Accountable Business Services (ABS) ABSPROF practice size enables it to provide the highest level of service at rates that will fit most budgets.
While it takes some getting used to, we guarantee that going Paperless Office Environment will save you a whole lot of time and hassle during Tax (T1 & T2) season and throughout the year. No matter if your Business is brick-and-mortar, or if you’re an office-less entrepreneur, as long as you’ve got a smartphone, a laptop, and access to the internet, here’s how you can make your Business semi- or fully- Paperless, too.
(more…)
by ABS Professionals | Jun 11, 2015 | Blog, Cloud Technology
We remember the day we went paperless.
Staring at us was a stack of our client’s Tax (T1 & T2) Receipts, Invoices, and countless Journals, the same pile we’d rifle through in anxiety every time a Tax (T1 & T2) deadline rolled around of our clients.
It took us hours of time, a ruthless mindset, and more caffeine than we would like to admit, to sort, upload, and store everything online. But once we would finish, the result was pure relief.
Years later, we still run our Tax Prep and Accounting Services Business entirely from the Cloud. We can’t remember the last time we wasted money on a printer, we travel light (no training manuals stuffed into my carry on), and whether we are out of the office for a quick meeting with our clients or working from a different country, we can access, search, and share all of our documents with teammates and our clients, in just a few clicks.
While it takes some getting used to, we guarantee that going paperless will save you a whole lot of time and hassle during Tax (T1 & T2) season and throughout the year. No matter if your Business is brick-and-mortar, or if you’re an office-less entrepreneur, as long as you’ve got a smartphone, a laptop, and access to the internet, here’s how you can make your Business semi- or fully- paperless, too.
(more…)
by ABS Professionals | Oct 27, 2014 | Blog, Cloud Technology
When advanced technology and client services meets, new business solutions develop. Accountable Business Services (ABS Prof) Cloud based Internet Accounting Services simplifies — and revolutionizes — the experience of managing your company’s financial information. The built-in efficiencies of the solution permit you and your advisers to focus more time on strategies to help your business be fruitful.
More rich than traditional accounting procedures, Accountable Business Services Cloud based Accounting Services provides an innovative and unique alternative. You can easily incorporate the general Accounting functions of bill paying, payroll processing, financial reporting and paperless document storage. Everything from data input, to approvals and workflow, to financial analysis is accessible online and approachable from just about anywhere. That means you and your Cloud Based Accounting Services specialists have real-time access to all of your company’s information and that makes a big difference.
(more…)
