First and foremost, your bookkeeper, if they are working in the industry should be familiar with what a BC Safe Certified Company means and the 3 levels of certification. Here are some more things you should know:
Logging Services
LOGGING SERVICES
You run your business.
We'll handle the rest.
LOGGING SERVICES IN BC -
ONE OF OUR SPECIALTIES
The BC Forest Safety Council recognizes Christy as an internal auditor for ISEBASE and SEBASE safety audits* right here in Quesnel. *Must be employed by the logging contractor
And, she can work remotely for those loggers situated elsewhere in BC. Logging books require special skills - we understand how the industry works and how mills work. Twenty two years of experience in this field means you can rely on us to do your books properly.
Just a few of the logging services we offer:
- All the paperwork
- Represent you with your lenders
- Negotiate insurance - ICBC and Commercial
- Monthly and yearly cashflow forecasts
- Work with the Canada Revenue Agency
- Just to name a few - we will take all but the logging itself off your hands
You will always know to the nickel what is in your account.
What Should Loggers Know About Their Bookkeepers?
Here are some considerations related to the logging industry when choosing a bookkeeper:
1. Industry-Specific Considerations:
- Logging businesses may have unique financial transactions and considerations, such as the purchase and maintenance of logging equipment, timber rights, and environmental compliance. A bookkeeper dealing with logging companies needs to be familiar with the specific financial aspects of the forestry or logging industry.
2. Resource Management:
- Logging bookkeeping involves tracking and managing natural resources, such as timber or forest lands. The valuation of these resources and their sustainable management are crucial aspects of the financial records.
3. Regulatory Compliance:
- The logging industry is often subject to environmental regulations. Bookkeepers in this industry need to be aware of and compliant with local, provincial, and federal environmental regulations. This might involve tracking and reporting on logging activities to ensure they meet legal requirements.
4. Seasonal Nature of Logging:
- Logging operations tend to be seasonal, impacting cash flow and financial planning. Bookkeepers need to be adept at managing financial records that account for seasonal variations in revenue and expenses.
5. Taxation Issues:
- Tax considerations for logging businesses may differ from other industries. For instance, there might be specific tax credits or deductions related to forestry activities. A bookkeeper in British Columbia should be aware of the provincial tax laws and incentives applicable to the logging industry.
6. Costs and Revenue Streams:
- The cost structure in logging can be unique, including expenses related to equipment maintenance, fuel, transportation, and labor. Understanding and categorizing these costs accurately is essential for effective bookkeeping.
7. Technology Integration:
- Logging operations often involve the use of technology, such as GPS tracking for timber harvesting or specialized equipment. Bookkeepers may need to integrate technology solutions to streamline data collection and financial reporting.
It's important to note that specific requirements or considerations may vary, and it is in your best interests to consult with a local accountant or bookkeeping professional certified as a BC Forest Safety Council Auditor in British Columbia for the most accurate and up-to-date information.
Hire a professional and take the worry out of your logging business.
Hire a professional and take the worry out of your logging business.
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