About Us
Macphee’s Accounting & Consulting Ltd. is your local full service accounting firm, serving Moncton and Atlantic Canada, since 2007. We can help you save money. In some cases we have saved people more money than we have billed them.
How We Got Started
I opened my business because I knew there were a lot of small businesses in Moncton that couldn't afford to hire a full time accountant but needed the advice of a professional accountant. I knew that I had the knowledge and experience to help these businesses. I also wanted to create new jobs.
The products and services we offer
Recommendations Received (17)
"I have met Fairlie but have not used her accounting services. I have heard nothing but good..."
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"I have met Fairlie but have not used her accounting services. I have heard nothing but good comments about MacPhee's Accounting & Consulting Ltd."
"I strongly recommend Fairlie and her team for all your accounting needs,, personal or business...."
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"I strongly recommend Fairlie and her team for all your accounting needs,, personal or business. They are that team who will go that extra mile for you! . Very happy to have been recommended to them. "
Products & Services
We prepare the financial records for small businesses to assist with compliance of the regulations of Canada Revenue, for financing purposes and fo...
Recommendations Given (28)
"Elaine is a very kind and caring person who will go the extra mile to ensure that her customers'..."
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"Elaine is a very kind and caring person who will go the extra mile to ensure that her customers' every needs are more than met."
"I recommend advertising with Snap magazine because Debbie will work diligently until you are..."
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"I recommend advertising with Snap magazine because Debbie will work diligently until you are happy with your ad."
Recent Activity
Bank statements show you how much money you have in the bank and all of the withdrawals and deposits that have been processed through your account. They do not give an indication of profitability.
The balance sheet lists all your assets, liabilities and equity. It gives a good insight as to the...
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Bank statements show you how much money you have in the bank and all of the withdrawals and deposits that have been processed through your account. They do not give an indication of profitability.
The balance sheet lists all your assets, liabilities and equity. It gives a good insight as to the financial health of the organization.
The income statements indicates profitability by matching income and expenses for the period.
The cash flow statement shows an organizations ability to pay bills as they come due.
When you have seasonal fluctuations a monthly budget and cash flow statement are a necessity. The budget will help you prepare the cash flow analysis which will tell you when you will have cash issues. You can then try to arrange a short-term source of financing or cut back on spending during the...
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When you have seasonal fluctuations a monthly budget and cash flow statement are a necessity. The budget will help you prepare the cash flow analysis which will tell you when you will have cash issues. You can then try to arrange a short-term source of financing or cut back on spending during the rough period. You may also opt to reduce your spending during times of excess cash in order to fund the periods of negative cash.
Budgeting and planning tends to reduce the surprises and allows you to have more options for problem resolution as opposed to a fire fighting strategy with limited options.
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A bookkeeper usually records the financial transactions into an accounting software package and reconciles general ledger accounts. They also process payroll and file GST/HST returns. An accountant would normally have much more education than a bookkeeper and they deal with higher level issues...
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A bookkeeper usually records the financial transactions into an accounting software package and reconciles general ledger accounts. They also process payroll and file GST/HST returns. An accountant would normally have much more education than a bookkeeper and they deal with higher level issues such as reviewing the bookkeeping for accuracy, preparing personal and corporate tax returns, assisting with financing and advising the client about business maters and tax planning.
Business success means having a lot of happy customers. This means meeting or exceeding customer expectations. In public practice, we are required to learn the latest tax changes and how these apply to each of our customers. The more knowledge we have, the more we can help our clients so we never...
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Business success means having a lot of happy customers. This means meeting or exceeding customer expectations. In public practice, we are required to learn the latest tax changes and how these apply to each of our customers. The more knowledge we have, the more we can help our clients so we never stop learning.
Marketing and social media are very important to any business. People need to know you are out there before they can use your services. Marketing and social media also allow you to differentiate your business from others in the same industry.
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Marketing and social media are very important to any business. People need to know you are out there before they can use your services. Marketing and social media also allow you to differentiate your business from others in the same industry.
I started my business for a number of reasons. First, I didn't find working for others allowed me to fully utilize my skills and my potential. I am a decision maker and I like to learn on a continuous basis. I can do both running my own business.
Also, I knew there were a lot of small businesses...
(more)
I started my business for a number of reasons. First, I didn't find working for others allowed me to fully utilize my skills and my potential. I am a decision maker and I like to learn on a continuous basis. I can do both running my own business.
Also, I knew there were a lot of small businesses in my area that needed the help of a professional accountant. I enjoy helping people and it is rewarding to save people money and to reduce the taxes that they have to pay. I also employ others and it is rewarding to create a work environment where people enjoy coming to work.
Most businesses are required to use the accrual method of accounting. That means estimating unrecorded revenues and expenses that apply to the year. Perhaps a project is 25% complete and isn't invoiced until completion. The revenues for 25% of the project would be accrued to the year that the...
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Most businesses are required to use the accrual method of accounting. That means estimating unrecorded revenues and expenses that apply to the year. Perhaps a project is 25% complete and isn't invoiced until completion. The revenues for 25% of the project would be accrued to the year that the work was performed in. The same applies to bills that have not been received yet but the expense applies to the year just completed. Again, an accrual is set up to put the expense in the year that it relates to.
Businesses are resistant to change because most people are resistant to change. People like to feel comfortable and they are comfortable with what they know. Change requires new thinking and or new processes. People are afraid of the unknown. When leading change in an organization it is important...
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Businesses are resistant to change because most people are resistant to change. People like to feel comfortable and they are comfortable with what they know. Change requires new thinking and or new processes. People are afraid of the unknown. When leading change in an organization it is important to share information and provide training and education in order to lessen the fear and have people move forward with the new requirements.
Credit card statements are not sufficient by themselves as documentation. You need the sales document that shows what you bought and what taxes were paid. The credit card statements does not provide this detail.
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Credit card statements are not sufficient by themselves as documentation. You need the sales document that shows what you bought and what taxes were paid. The credit card statements does not provide this detail.
I think we need to market both the brand and the service together.
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I think we need to market both the brand and the service together.
