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What do I need to get started?

What information do I need to get started? This list is a starting point, your specific situation may differ. Business bank and credit card statements. Many banks and credit companies provide this information online and can go back as far as seven years Copies of cheques (often these are on your bank statements) Listing of … Read more

5 Ways to Save Money for your Business

5 Ways to Save Money for your Business Looking for simple ways to cut costs? These tips will help you make a noticeable difference to your bottom line.1. Reduce staff costs Without a doubt, having someone to help deal with routine tasks can greatly improve productivity. The rub is that hired help is often too … Read more

Small Business Accounting Challenges

Small businesses have specific challenges and needs that are very different from larger more established companies.  Budget is typically a concern as small businesses and startups work to get their revenue streams established.  There is an additional challenge addressing the technical aspects of dealing with CRA – something many small business are just not able … Read more

Using Online Accounting Systems

So you have decided to take your accounting online.  You are always on the go and it makes life easy for you.  Here are some things for you to consider. 1. Some online systems are not as robust as the desktop.  Wave for example doesn’t let you put in a closing date, so it’s easy … Read more

Why is bookkeeping important?

One of the concerns I hear on a regular basis is regarding bookkeeping.  Why do I need it and why is it expensive and can I do anything to reduce my costs? This article covers bookkeeping for corporations; bookkeeping for sole-proprietors may or may not need to be as rigorous depending on your situation.  To … Read more

Managing your information in a Paperless world

So you have decided that you have had enough and now you want to go paperless.  Seems to make sense, most of your bank statements, bills, and receipts come online anyway.  Why print them? Sounds simple enough but like anything, you need a way to organize your documents.  There are many software packages that do … Read more

Why online bookkeeping ?

Here are some reasons why going online might make sense for you. No need to find parking, child care or even leave your house.  With the technology that currently exists you can meet your bookkeeper right at home using tools like Zoom or Google Hangouts. A bookkeeper that is Virtual (Operates in the Cloud) is … Read more

Using Online Accounting Systems

So you have decided to take your accounting online.  You are always on the go and it makes life easy for you.  Here are some things for you to consider. 1. Some online systems are not as robust as the desktop.  Wave for example doesn’t let you put in a closing date, so it’s easy … Read more