New entrepreneurs frequently underestimate the real costs of operating their businesses, and projecting expenses for a new business is somewhat of a guessing game.
“Financial Management” for Small Business
Collecting Debit and Credit Card Payments: Know Your Rights as a Merchant
Do you process debit or credit cards to collect payments from your customers? If so, you need to read up on the The Code of Conduct for the Credit and Debit Card Industry in Canada.
Accountants vs. Accounting Software: How to Maximize Value from Both
You need a two-pronged approach to managing your business finances: a solid accounting system and the help of an accounting professional. The key is knowing which tasks to handle internally and which to outsource.
Choosing a Payroll Service that Fits Your Business
Correctly handling payroll is essential to the success of your business
3 Year-End Accounting Tips for Your Business
While the holidays can be the busiest time of year for many small businesses, it’s also important to keep your year-end accounting tasks top-of-mind so you can properly close your books and enter the year ahead on the right foot.
The Top 5 Challenges New Small Businesses Face
According to Stats Canada, only 51% of businesses survive beyond their first five years. And all too often, the ones that don’t make it end up shutting their doors for very similar reasons. So how do you keep your small business from becoming the one out of every two that doesn’t succeed?
Seven Weekly Tips to Keep your Finances Organized Over the Long Term
“As the owner of your business, you are the key to its success,
Making Friends with Your Accountant
Having a good relationship with your accountant is essential. Knowing that you can contact them regularly for advice through the year, not just at year end, will make a lot of difference to the relationship you have between your business and your money.
Keeping Costs Low While Continuing to Grow
A challenge for many business owners is understanding how to keep operating costs low while continuing to grow their business. What might save you money in the short term can often cost you more in the long run, so planning is key.