renting apartment

One Big Reason to Ensure Your Financials are Up To Date

Many business owners have told me about their challenges with keeping up with their bookkeeping, about constantly being “behind”. No matter if you are a sole proprietor or own a corporation, if you don’t have … Read more

business planning

How Do You Know When To Borrow Money For Your Business?

Following your business plan helps you make decisions about borrowing. You know, that document you created when you first started your business? You never did one, you say? I don’t know how many times I … Read more

Bookkeeping Paperwork

15 Tips to Make Your Bookkeeping Paperwork Easier To Manage

Whether you do some, all or none of your own bookkeeping tasks, accuracy depends on maintaining detailed records. Misfiled and lost transaction records can cost you money because (a) legitimate expenses incurred may not be … Read more

More Money In Your Pocket And Better Decisions

As sole proprietors, we tend to mix business and personal expenses together on the same accounts, bank or credit card. I cannot stress how important it is to keep them separate! Open a bank account, take … Read more

bookkeepers and accountants

Bookkeepers and Accountants Are Not the Same

Your successful small business needs both a bookkeeper and an accountant. And there’s a reason why they won’t be the same person. While some skilled bookkeepers and accountants may, in fact, be capable of doing … Read more

Beyond Data Entry

It’s good you’ve invested in having someone (an employee or a contractor) dedicated to doing your routine entry of invoices and vendor payments. You’re too important to your business to do that stuff yourself. Now … Read more

Should I Buy or Should I Lease My Next Vehicle?

As a business owner, I have debated this question many times over the years. I have both leased and purchased, and I like to get a new vehicle every 3 or 4 years… whether I … Read more

Does Your Bookkeeper Provide these Essential Services to You?

Whether you choose to work with us or to go elsewhere, these are qualities to look for when seeking a bookkeeper. (Of course, we’d rather you work with us!) Communication A good bookkeeper keeps you … Read more

Don’t Mix Business with Personal

Here are 3 reasons why keeping your personal and business finances separate will also help keep you and your business healthy. Finding, tracking, posting, filing, and reconciling your bank, credit card, and PayPal accounts – … Read more

Meals vs. Food as Business Expenses

When you’re just getting started in business, you may not know how the CRA feels about meal expenses. Here’s an excerpt from the CRA’s website under business expenses: The maximum amount you can claim for … Read more

5 Resolutions for Your Bookkeeping New Year

We all make promises to ourselves that in the New Year we will do things better. Here are 5 worthwhile activities that will make your accounting processes easier for yourself and your bookkeeper. These are … Read more

Just Because You Know How to Do Your Own Bookkeeping…

Are you still insisting that you do your own bookkeeping because you know how? It is imperative that you maintain a current set of books. Canada Revenue Agency can audit you at any time with … Read more