outsourced bookkeeping

  • 5 Tips to Set Up your Bookkeeping System for a New Company

    It is considered an obligation for every organization or business to keep its accurate bookkeeping. Records must be kept at hand especially during the end of a financial year. Any set of accounts must show the incurred expenses, revenues and profits.

  • Set Up your Bookkeeping System for a New Company

    Bookkeeping Strategies for Franchise Business Owners

    While franchisors will often provide knowledge on how to run your business, they don’t always give you the necessary resources on how to keep good track of your bookkeeping and set up the proper accounting systems. 

  • Bookkeeping Strategies for Franchise Business Owners

    Bookkeeping Tips for the Holiday Season

    The holiday season is a time filled with busy days and nights, making it difficult to sometimes focus on the financial health of your business. It is easy to lose track of time during this season, when your clients want their work completed quickly.

  • Bookkeeping Tips for the Holiday Season

    Business GST Guide: What Rate to Charge Customers

    Here we will go through the importance of proper documentation, provide some information on which rate you should be charging your clients and customers and let you know the different options you have when filing your GST return and when to file.

  • Business GST Guide: What Rate to Charge Customers

    Cloud Computing Benefits for Your Business

    Businesses of all sizes, locations and industries are turning to cloud services. The cloud is a great way to run a business, since it offers many advantages and only a few disadvantages.
  • Cloud Computing Benefits for Your Business

    Five Tech & Accounting Trends for 2020

    The year ahead is bringing some new tech trends with it. Opportunities are there for businesses who are ready to adapt, embrace change and become confident data and artificial intelligence navigators.

  • Five Accounting Trends for 2020

    Five Ways to Recognise Malicious Spam Emails

    We all get our share of spam. But how do we differentiate between simple commercial spam and the types of emails that want to get us in trouble, especially if we think it might be real and from someone we know?

  • Hiring a Freelance Bookkeeper vs. Firm

    For many small and medium sized businesses, the decision to outsource bookkeeping can be difficult, as hiring a freelance bookkeeper or a bookkeeping firm cuts into their revenues as an additional cost. On the other hand, having a qualified professional step in and take over bookkeeping gives the management team an opportunity to focus more on how to take their business to the next level.

  • Hiring a Freelance Bookkeeper vs Firm

    How Virtual Accounting Can Help Your Business

    Outsourcing a non-core competency services such as accounting has become an increasingly common trend for today’s businesses. Virtual accounting is the newest model to traditional outsourced methods which is more cost effective and efficient.

  • Virtual Accounting Services

    Managing Cheques for your Small Business

    We often get asked questions relating to cheques and how best to handle them when using specific accounting software. To help you with cheque related tasks we've put together this blog post designed to answer two of our most frequently asked questions.

  • Managing Cheques for your Small Business

    Moving to a Remote or Virtual Office

    Businesses are increasingly questioning the need for maintaining a physical office. If your office doesn’t serve as a storefront for clients or customers, then your business might benefit moving to a virtual office.

  • Moving to a Remote or Virtual Office

    QuickBooks Online vs. QuickBooks Desktop

    Choosing the rightaccounting software for your business can be a critical decision thatcan have a drastic effect on your company'saccounting processes for years to come.With so many options available, it is certainly a decision that needs to be researched and thought out.

  • QuickBooks Desktop vs. QuickBooks Online

    Review of MileIQ App for Business Tax Purposes

    MileIQ is suitable for organizations that need to track mileage for numerous employees, and it also is a good solution for business owners that need to track travel mileage for tax purposes.

  • Review of MileIQ App for Business Tax Purposes

    Tips for Maintaining Positive Cash Flow

    Whether you're running an established business or launching a startup, maintaining positive cash flow is very important for ensuring long term success. To help you with this, we've put together a list of 5 tips for maintaining positive cash flow in your business.

  • Tips for Maintaining Positive Cash Flow

    Welcoming & Onboarding New Employees Successfully

    Welcoming new employees is more than just making a company announcement. Welcoming a new employee and integrating them successfully in your company, requires a series of steps that start after your job offer is accepted.

  • Welcoming & Onboarding New Employees Successfully

    What Does NTR Mean & When Do You Need It?

    Audited, accountant-reviewed and notice-to-reader are three types of financial statements—documents that show the financial status of a company. And a compilation engagement (NTR) is usually required prior to preparation of a Small Business corporate tax return. 

  • Notice to Reader NTR

    What Is the Difference Between Accrual and Cash Accounting?

    There are two primary accounting methods in use in Canada today: The cash method and the accrual method. The difference between them is in when small businesses recognize revenue and expenses. With the cash method, both revenue and expenses are recognized when cash actually changes hands. Under the accrual method, the business recognizes revenue and expenses when they're earned, rather than when they are paid.

  • Difference Between Accrual and Cash Accounting

    When to Hire a Bookkeeping Service vs. an Inhouse Bookkeeper

    In today’s economy, many small business owners are looking to reduce costs and increase their profitability, and many of them are discovering that hiring bookkeeping services can save them money and provides many added benefits.

  • Hiring Bookkeeping Service

    Why Your Start-Up Needs a Professional Bookkeeper

    Starting your business from the ground up is not easy at all and it's understandable that you would like to save as much money as you can. However, hiring professional bookkeeping help to get you started could pay off. 

  • Why Your Start-Up Needs a Professional Bookkeeper

    Xero vs. QuickBooks Online Bookkeeping Software

    Xero and QuickBooks Online offer similar features, but your business situation will determine which bookkeeping software is right for you. In this post we will compare these two platforms.