If you’re running a business, you’d know how important financial statements are. But what exactly are they? What information do they contain? And how can you use them to make better business decisions? In this blog, we’ll answer all these questions and more. So, whether you’re a new entrepreneur or a seasoned business owner, there’s…
It’s no surprise that many Canadian companies are struggling to handle their finances amidst uncertain economic conditions. Most companies are looking to get back on their feet by attracting new customers and maximizing sales. But is that enough? We don’t think so! You must focus on your company’s finances if you want to stay in the…
Are you a business owner looking for ways to cut costs and increase efficiency? If so, you may want to consider virtual bookkeeping. Continue reading this blog to learn more about the exciting benefits of online bookkeeping. Save Money You can save money on fixed costs like office space and equipment when you outsource your…
Amid the pandemic, many companies started selling their products both online and on physical platforms to cater to the changing consumer behavior. However, tracking your finances on multiple platforms can become a nightmare. Fortunately, a bookkeeper can help you stay organized and on top of your money. Continue reading this blog to understand the significance…
The demand for commercial loans is on the rise in Canada because of the challenging financial circumstances. Whether you want to buy a new house or kickstart a commercial project, you’ll have to get adequate financing beforehand. Are you thinking of applying for a loan? Before you do, there are a few things you should…
Bookkeeping is the process of recording all the financial transactions made by a business. Bookkeepers are responsible for recording, classifying, and organizing every transaction made over the course of a given period. Bookkeepers are crucial for the operations of a business. Without bookkeepers, companies wouldn’t be able to identify their current financial position or keep…
Undoubtedly, global factors like the Ukraine-Russia crisis and the pandemic have affected Canadian firms. It’s no secret that running a business in 2022 will have a lot of challenges. But a true entrepreneur never runs away from a challenge. If you want to get ahead of your competitors in 2022, you should start managing your finances…
In this booming e-commerce industry, it’s easy to get caught up in a million different tasks. Proper e-commerce bookkeeping is one of them. The accounting errors, if left unaddressed, can snowball over time, leading to financial and legal implications. As a store owner, you sometimes have to wear an accountant’s hat. Knowing the basics of accountings…
Employees of a small business organization are always active in the company’s fundamental activities, such as production, marketing, customer services, and sales. This is why bookkeeping operations are typically overlooked in such businesses. Hiring an accountant is a viable option, but that in itself comes with a lot of responsibilities, such as organising interviews, training…
Frustrated with managing finances for your business? Level up with these four bookkeeping and accounting practices.
