The basic guide to a balance sheet
The balance sheet, sometimes referred to as a statement of financial position, reports on the financial condition of your business at a specific point in …
Increasing cash & your bottom line with the GST/HST quick method
There are two methods for calculating the GST/HST for your business. They are referred to as the regular and quick method. If you have a …
The basic guide to an income statement
Of the three main financial reports, the income statement is typically the best understood. After all, it shows your business’s bottom line so it’s of …
The small-scale approach to budgeting
A budget is a tool every business, regardless of size, should use because it serves as a financial map for managing and growing your business. …
Should I use online accounting software?
There is no denying the increasing use and popularity of cloud-based technology. In today’s connected and mobile environment, the ability to access real-time information from …
Simple financial statement fundamentals
You check out your income statement to see how much money your business is making and know about the balance sheet and statement of cash …
Does my small business need a budget?
Budgeting is an important tool for managing and growing a business. For many small business owners, the word budget is something for a bigger company; …
Everything you need to know for year end is right here
It is near the end of 2015 and you are wondering what you need to know and do for your small business before December 31. …
Are you getting the most out of your bookkeeping?
It’s no secret that bookkeeping is a task most small business owners enjoy the least and it often falls to the bottom of the to-do …
Should I incorporate my small business?
Many small businesses begin as sole proprietorships; they are relatively quick and easy to set-up. However, as your business grows, it’s important to assess whether …