Author Archives: Administrator
Choosing the right accounting software can be a critical decision that has a drastic effect on your company’s accounting processes for years to come. For entrepreneurs starting their business, or established small and medium sized business, this is no exception. With so many applications available, it is certainly a decision that needs to be researched and thought out. One question that the bookkeeping team at LedgersOnline hears almost daily is “What is the difference between QuickBooks Online and QuickBooks Desktop?” This is a loaded question, as both applications are great in their own way, and also have their own distinct advantages and disadvantages. It is also important to keep in mind that there are many accounting applications out there; each of which have their own pros and cons.
The LedgersOnline team takes Halloween seriously, and we wanted to wish you a Happy Halloween by offering three not-so-spooky tips to help businesses get prepared for their calendar year-end. For many, October 31st marks the beginning of the end-of-year preparation process, and brings a whole new aspect into this busy season. It is important at this time, to examine your business processes, and develop ways to manage outstanding debts and regain a focus on the financial health of your business.
Are you unsure of whether or not your business should register for PST or GST? This is a question that we hear almost daily, and is something that can be easily overlooked by small business owners throughout British Columbia. This is why we have accumulated some important information for BC business owners that will provide you with an insight into whether your business needs to register for these taxes, and if so, the essential steps that you need to take to register, as well as some resources to help guide you through the process.
It’s a fact of working life that cannot be ignored: a happy employee will perform better, and be far more inclined to stay at his or her job. For business owners, this translates into a team of workers that will be more productive and ultimately help to boost profits for the company. As Forbes notes, companies such as Google and SAP are legendary for their employee perks, and have dedicated a huge budget to help promote employee engagement and retention.
Contrary to popular belief, small businesses do have decent success rates. The U.S. Bureau of Labor Statistics reports that nearly 50 percent of new businesses are still open after five years. To further your odds of being among them, avoid the three common pitfalls that cause small business owners to lose money:
We are excited to welcome Meredith as the latest addition to our expanding LedgersOnline team. As a Certified General Accountant, Meredith has worked in the accounting industry for some time now, starting her career with one of the big accounting firms in 1995, and gaining experience in a variety of industries including education, construction, property management, and legal. Meredith brings a wealth of experience to the LedgersOnline team, and has working knowledge of accounting applications such as PC Law, Yardi, OLAP, QuickBooks, Simply Accounting, and Caseware/Caseview. With a diploma in Financial Management from BCIT, Meredith is considered the office expert in PC Law, and works with many of our legal clients to ensure their books are kept on track.