We offer a fully integrated range of accounting, tax and financial services with a strong focus on helping business owners and individuals realise their business and personal goals. We put our clients needs first and we take the burden out of tax.

People are starting their own businesses every day. If you’re thinking about joining them, you probably have a vision of what you want that business to be. What may excite you about your business is the product or service you have to offer, the success that you imagine, and the freedom of lifestyle that you are sure will come — in time.

What may bore or even frighten you is the plethora of numbers you have to wrestle with. You will be asked business questions that may elicit a blank stare as your response.

Cash accounting? Accrual basis? Profit and loss statement? Projections?

Huh?

Whether you want to create fine oil paintings or sell pork bellies on the street, your business will require some form of accounting.

That term alone can cast a glaze over the brightest eyes, but in this article, we’ll show you that accounting is a process larger than crunching your numbers.

It is a tool that will help you “account for” what your business has done, is doing, and hopes to do in the future. Accounting can be a bit like painting a picture, and a little like solving a puzzle. Despite its bad press, elk can make this process easy.

Accounting is the big picture, the system that keeps track of data (including people), records your transaction history, gives you reports — those all-important pictures of your company.

Accounting also encompasses payroll, an area of particular concern since huge fines can accompany small mistakes.

Of equal weight is the tax status of your company. Accounting is the system that will provide the reports and information you need.

Bookkeeping is the tedious part — the systematic recording of amounts, dates, and sources of every revenue and expense you generate. Think of accounting as a giant sifter and of bookkeeping as the process of pouring stuff into it. Things get stirred around and you get the information you need to run your business.

The information delivery provided by elk can make business easier and improve business performance.

Other services provided by elk: