Why You Shouldn't Mix Business With Personal When it Comes to Bookkeeping You've heard the saying "Never mix business with pleasure", right? The two things shouldn't merge because that's when things start to go wrong. Kinda like forks and power outlets (ask Itchy & Scratchy)! That phrase might specifically relate to how you run a [...]
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It’s not that you're incapable of bookkeeping – anyone can learn it with enough time and effort. It’s that you don’t know what questions to ask. You’re probably doing what makes sense to you and, unfortunately, that doesn’t always jive with what makes sense to the CRA. Quickbooks Online is quickly becoming a very popular [...]
Need some help working from home? Working from home is all fun and games right? If by fun and games you mean planners and lists! So I’ve been working exclusively from home for a while now and have been (and will continue to) tweaking my processes day by day. I’m still discovering what works best [...]
The Importance of Account Reconciliation Account reconciliation is important to your business and yet can often be overlooked by business owners. Reconciliation of business bank and credit card accounts can be one of those tedious tasks that, while technically not required in order to operate a business, is a vital part of business activities. What [...]
Why work with a bookkeeper? There are many reasons to consider hiring a bookkeeper for your business. They can range anywhere from being lost in a sea of receipts to hating numbers with a fiery passion to simply not having the time or desire to do the books yourself. Hiring a bookkeeper will save you [...]
What does a bookkeeper do? So much, young grasshopper. So, so much. Accounts Receivables Ever forgotten to send out an invoice? Or maybe you didn’t forget but spent your entire working day actually working for your business. Now, it’s 6pm and instead of chilling with some pizza, you’re spending quality time with your computer generating [...]
As a small business owner the idea of giving the government money before you’re required to is probably not leaving a great taste in your mouth. It’s probably something similar to oil of oregano. Never had it? Try it and tell me it isn’t awful. You can’t, can you? But the thing is, it was [...]
Are you finding yourself stuck inside with nothing productive to do? Are your floors clean? Bathroom scrubbed? Alcohol sorted volumetrically? Well, my friend, you’re in luck! I’ve developed a series of mental exercises to help you through these tough times! And by series I mean two. Let's talk about why budgets and cash flow forecasts are [...]
Changing your business activities to help deal with Coronavirus? You might need to change your bookkeeping too. At this point, I think it’s pretty safe to say that business has changed for everyone. No one remains unaffected by the Coronovirus. And, unfortunately, no one knows how far-reaching or long-lasting this is going to be. [...]
Yup, we're still talking about the Coronavirus outbreak. So we’ve already mentioned the option to go 100% online/virtual/whatever you want to call it but for some that’s just not possible. There are a number of reasons why, including your brain just not being wired that way. And that is totally understandable, I myself am the [...]