When You Can See the Numbers, You Have Control
A guest post from Linda Daley, a happy client… For a few years, I struggled with keeping up with my small business bookkeeping and accounting. It’s a mess I got myself into very easily and … Read more
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
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
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
Are You Unknowingly Part Of The Underground Economy?
“Can’t I just pay my employees with cash?” We still hear some version of this question now and then. Moonlighting or “working under the table” is the basis for the underground economy in Canada. According … 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
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
File HST Returns Even for Zero Sales
After you register for an HST number when setting up your business, you are required by law to send in your remittances even if you have zero sales. When you start a business, unless you … Read more
It’s Risky to Make Decisions without Financial Statements
A common question I’m often asked is, “Why do I need financial statements?” The answer impacts all types of businesses – in an office tower or in a basement. Financial statements consist of a Balance … Read more
This is Why Your Small Business Needs Revenue Streams
Have you ever taken the time to consider all that your small business has to offer? Different activities which generate revenue can be organized into revenue streams. Grouping your activities this way will tell you … Read more
Ways to Manage Cash Flow
I’ve already written about the importance of a cash flow plan. So, did it make you run straight to your desk and start planning? Keep in mind, most cash flow plans are a forecast of … Read more