Blog

Welcome to our blog! This is where you can find featured articles on a variety of bookkeeping tips and tricks.

5 Benefits of Having a Virtual Business

5 Benefits of Having a Virtual Business

Lower overhead costsIf you have a virtual business, you can utilize your home to work from, meaning you don’t need...
What Ethics Make for an Excellent Bookkeeper?

What Ethics Make for an Excellent Bookkeeper?

A bookkeeper deals with sensitive information every day. From your company’s financials to your employees’ personal information, we are expected...
3 Common Bookkeeping Mistakes Made by Business Owners

3 Common Bookkeeping Mistakes Made by Business Owners

Mixing personal and business expenses This means using your personal accounts and credit cards to pay for business expenses or...
Should You Use QuickBooks Online or QuickBooks Desktop?

Should You Use QuickBooks Online or QuickBooks Desktop?

They are both QuickBooks, so what’s the difference? The most obvious difference between QuickBooks Online and QuickBooks Desktop is that...
3 Must-Have Bookkeeping Apps

3 Must-Have Bookkeeping Apps

1. Quickbooks Online (QBO) This can be used as the central app for your companies’ books. All of your sales,...
What is a Combination Journal?

What is a Combination Journal?

The Combination Journal, or the Combined Journal, can be used in the place of the Special Journals (Sales Journal, Purchases...
How to Protect Yourself Against CRA Scams

How to Protect Yourself Against CRA Scams

Being contacted by the CRA can be intimidating. For many of us it can leave our hearts racing at the...
When Should I Register for GST/HST?

When Should I Register for GST/HST?

When you operate a business in Canada you are required to collect sales tax for the government. Which one you...
What is a Balance Sheet?

What is a Balance Sheet?

A Balance Sheet, sometimes called a Statement of Condition, is a report comparing your business’ total Assets to its total...
Using Multicurrency in QuickBooks Online

Using Multicurrency in QuickBooks Online

When setting up your QuickBooks Online account for your business, you may have noticed the option to turn the multicurrency...
What is an Income Statement?

What is an Income Statement?

An Income Statement is the same as a Profit and Loss (P&L) Statement. These financial reports compare a company’s total...
Tips to Getting Paid Faster

Tips to Getting Paid Faster

It can be frustrating when you have completed work and you have to wait for your client or customer to...
General Ledger vs. General Journal

General Ledger vs. General Journal

A General Ledger and a General Journal sound very similar and can be easy to mix up if you are...
Tips for Handling Audits

Tips for Handling Audits

It is inevitable that at some point in time your business will receive some type of audit from the CRA....
What is a Trial Balance?

What is a Trial Balance?

A Trial Balance is a financial report which lists all the Accounts from the General Ledger at a certain point...
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