Cleaning up your chart of accounts (COA)  is an essential step for maintaining accurate, efficient, and meaningful financial reporting....

Bookkeeping isn’t always the most exciting part of running a business.  But here’s the truth:  ignoring it, or getting it wrong, can end...

Every business owner should know their break-even point.  It’s the number that tells you how much you need to sell before you begin...

Tired of scrambling to pay bills at the last minute?  Or worse, getting hit with late fees that eat you’re your profits? The secret to...

One of the questions we get often, is “How do I know if it’s time to switch accounting platforms?”  Switching accounting software can be...

1. Understand Canada's Seasonal Realities Weather-Dependent Timing : Canada's diverse climate means your season's start/end dates may...

In Canada , banks and other lenders primarily consider EBITDA , not net income, when assessing a business's ability to service debt....

Most business owners create a budget once, feel good about it and then don’t look at it again until the following year. But, if you’re...

More business owners are choosing virtual bookkeepers for several compelling reasons: 1. Cost Savings Lower overhead:  No need to pay for...

Let’s talk about something many business owners avoid….pricing.  If your profit margins feel too tight, your revenue isn’t matching your...

Reducing taxes in Canada legally involves taking advantage of deductions, credits, and tax-efficient strategies. Here are some practical...

Is your accountant retiring?  Not sure what to do next?  Don’t panic!  There are a few key steps you can take to ensure a smooth...

Cash flow is crucial for every business, and unpaid invoices can cause financial stress. Late payments make it harder to cover expenses,...

When deciding between hiring an in-house bookkeeper or outsourcing the service, there are several factors to consider, such as cost,...

Keeping your business resilient during economic uncertainty is essential for long-term success, especially in a market like Canada where...

Running a business can be a lot of work, but there are ways to make things easier.  One of the best ways to save time, reduce errors and...

Keeping up with bookkeeping is crucial for successful businesses. Staying on top of this process is important for several reasons: It...

Over the years, I have often been asked to help a client determine the employment status of an employee.  This blog post will provide...

Finding the right bookkeeper is vital for any business owner. It can feel overwhelming at first due to the numerous options available,...