Jul 19, 2024 | Bookkeeping, Quickbooks Online, Small Business
Bookkeeping is the backbone of any successful business. Accurate and efficient bookkeeping helps in maintaining financial health, making informed decisions, and ensuring compliance with the Canada Revenue Agency. However, even the most well-intentioned business owners...
May 12, 2023 | Bookkeeping, Financial Reports, Small Business
As a small business owner, it’s important to have a basic understanding of accounting terms and concepts. Knowing these terms can help you make informed decisions and better understand your business’s financial performance. Here are some of the most common...
Jan 6, 2023 | Small Business
Cash flow is extremely important for any business to survive. At its simplicity, you need money to keep coming in so that you can pay your bills on time. Therefore, it is vital to create and maintain practical business practices in order to keep the cash flow...
Nov 18, 2022 | Bookkeeping, Quickbooks Online, Small Business
As a small business owner, you have to stay on top of your finances and know your sales numbers, expenses, assets, liabilities, and equity. These numbers tell an important story about the state of your business. However, you may just not have enough time in a day or...
Sep 23, 2022 | Bookkeeping, Quickbooks Online, Small Business
When a business makes a sale, purchases new computers, pays employees or takes a loan from the bank, all these financial transactions must be recorded. And that’s where a chart of accounts comes in. A chart of accounts organizes all the company’s financial accounts,...
