Balance in Books
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Frequently Asked Questions

Please reach us at balanceinbooks@gmail.com if you cannot find an answer to your question.

A bookkeeper focuses on the day-to-day management of financial transactions. They record income and expenses, manage invoices, reconcile bank accounts, and ensure the financial data is accurate and organized. Bookkeepers maintain the foundation of financial records that businesses rely on.


An accountant takes a broader view. They prepare financial statements, and assist with tax planning and filing. Accountants often interpret the records bookkeepers maintain and offer advice to help businesses make informed decisions.


Both roles are essential for a business’s financial health!


Every organization operates differently, which is beautiful. It has unique goals, structures, and financial activities. Factors like industry, business size, revenue streams, and compliance requirements all influence accounting needs.


For example, a retail business might require detailed inventory tracking, while a service-based business focuses on invoicing and time tracking. Nonprofits have specific reporting requirements for grants and donations, whereas startups may prioritize cash flow management and investor reporting.


Tailoring accounting services to fit these needs ensures accuracy, efficiency, and compliance, while also providing insights that align with each organization’s goals. One-size-fits-all solutions simply don’t meet the demands of diverse businesses, so we specialize in our industry to really hone in on the needs of our clients. 


We have a spread of small to medium sized sole proprietors, partnerships and corporations. Each client is unique and we create a system to cater to this. Our specialty is Canadian wellness studios and clinics.


Yes, all of our work is remote! If we have the pleasure of being in close geographical proximity, we are always up for in person meetings too.


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