Is Your Bookkeeping Helping Your Business Grow—or Holding It Back? Click here to sign up for my Free bookkeeping health check. Bookkeeping is one of those things most business owners don’t think about until there’s a problem. Unfortunately, by the time issues show up on a tax return, a cash flow report, or during an…
Bookkeeping with AI – not yet a complete solution I was at the QB Connect event in Calgary this week. Not surprising, the hot topic was AI. As a finance professional coming from a tech background I went to all the AI presentations. One of the things I noticed as a bookkeeper is that much…
Pick the right accounting software for your small business I get this question a lot, maybe its because I am an accountant/bookkeeper, maybe its because of my IT background, or just people don’t really know. I don’t think there is any one answer for people it really depends on your needs. Read on for some…
What you need to know before hiring your next accountant Unlike many other professionals, anyone can call themselves an accountant or bookkeeper. The term accountant is not reserved or in any way restricted. This does not mean that a non-designated accountant is not competent, it only means that they do not have to adhere to…
What information do I need to get started with accounting?
Whats a tech stack? Why is it important? Pre Accounting Apps These apps can take a digital image, like a PDF or JPG file and translate it into a format that can be automatically posted into your accounting software. Three very common Pre-Accounting Apps are Hubdoc, Dext, and AutoEntry. While they all work in a…
Ideally, you and your accountant are more than just “adviser†and “clientâ€. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask your accountant these four…
You might be wondering why an accountant would be writing about faxes (instead of taxes). I was recently watching an episode a well known news program. In this program one of the people being  interviewed was discussing the Covid-19 Pandemic and some of the early issues. This article isn’t about the Pandemic, but it is…
Small businesses have specific challenges and needs that are very different from larger more established companies. Budget is typically a concern as small businesses and startups work to get their revenue streams established. There is an additional challenge addressing the technical aspects of dealing with CRA – something many small business are just not able…
Here are some recent examples of CRA fraud attempts: Caller identifies themself as from CRA and that there has been crimes committed against the CRA and that your file has been submitted to the Federal Court and that there is a warrant out for your arrest. The call display is area code 647 (Toronto).  Needless to say this…