Bookkeeping

Do you feel lost and overlooked by the banking giants? I see you over there, nodding so hard your head might fall off. Vault is Canada’s newest fintech attempting to shake up the business banking experience. But does it live up to the hype of solving all your modern banking pain points? Let’s dive into […]

All businesses will have some form of accounts receivable to manage. However, small businesses need to pay extra close attention to accounts receivable as they affect the timing of cash flow and can quickly turn into a bad debt expense.  Overview of accounts receivable Accounts receivable (AR) is a current asset account that small business […]

Some vendors require their clients to prepay for certain expenses. Other vendors offer discounts on materials or services to customers who are willing to upfront. Individuals and businesses may also independently choose to prepay for expenses in order to get them out of the way and not have to worry about keeping up with regular […]

Nowadays, accounting software is essential for small business owners as it goes beyond just generating tax forms or year-end statements. These software solutions offer real-time insights into your business’s financial situation and make it effortless to record expenses, reconcile bank accounts, business credit cards statements and track mileage. Gone are the days of worrying about […]

The Caary Mastercard isn’t just a corporate credit card. It’s more like a business partner on a singular mission to simplify and support your growth journey. With no annual fee, credit check, or personal guarantee required, Caary is uniquely engineered to empower small and medium-sized businesses (SMBs).  This business credit card gives you access to […]

Small businesses thrive when they operate with efficient invoicing and sharp financial management, especially in today’s fast-paced digital landscape. Choosing the right invoicing software helps by streamlining your billing, saving time and enhancing your professional image. In turn, all these factors contribute to your business’s growth.  With so many options available in the market, selecting […]

Business owners know the critical importance of having their company’s financial books up-to-date and accurate. It is impossible to make an informed business decision if a business owner doesn’t have a handle on their business finances: Accurate and timely books also allow businesses to compare and analyze trends by comparing their financial transactions and results […]

Petty cash funds are common in business. As the name suggests, petty cash is for expenses that are small, incidental, and infrequent. Having a petty cash fund provides a quick and convenient way for business owners to reimburse themselves and employees for business costs they paid for with their own money, thus avoiding the tedious […]

Having a good bookkeeper gives you the financial information you need when you need it. You will undoubtedly have peace of mind knowing that your bookkeeper is recording your financial numbers and showing the true financial position of your business. Bookkeeping services have changed over the last 20 years. Software applications manage the vast number […]

Are you a Canadian entrepreneur wondering how to pay yourself? When it comes to compensating yourself as a business owner, the options are usually between dividends and salary. Each method has its own advantages and disadvantages, so it’s important to understand the basics before making a decision. In this article, we’ll delve into the differences […]

QuickBooks is an expense management and accounting solution offered by Intuit. QuickBooks services are used by millions of subscribers in North America each year. This tool is primarily designed for small and medium-sized businesses (SMBs). The main goal of the service is to simplify bookkeeping and daily management of your company’s accounting and finances. Regardless […]

Wave accounting software is a company that offers free cloud-based accounting and invoicing designed for small businesses. Where other software applications offer free and premium paid tiers with more tools for more money, the Wave accounting software app, called Wave Accounting, allows small businesses to use its invoice, accounting, and banking tools for free. This […]