September 29, 2017

In our last blog post, we took a closer look at one of the two most important financial reports in your business: the balance sheet. We looked at some of the basic types of accounts that you’ll see on your balance sheet – assets, liabilities and shareholder’s equity –...

September 14, 2017

The world of small business bookkeeping and accounting can get a little confusing and overwhelming. When crediting an asset actually decreases its value, but to decrease the value of a liability you have to apply a debit, it’s easy to get lost and make mistakes that co...

Most small business owners feel lucky to turn their passion into a profitable business. Working on something you love every day is certainly a perk of being an entrepreneur but the role also comes with a long list of lack lustre tasks, like bookkeeping, that need to be...

If you’re a small business owner, you might just be getting over filing your year-end tax return. But don’t rest on your laurels for too long: the deadline for quarterly HST/GST returns for businesses with a December 31 year end is at the end of July! You’re required t...