How to Submit a Record of Employment (ROE)
What is a Record of Employment (ROE)? A Record of Employment (ROE) is completed when an employee has interruption of earnings from your company. This
Welcome to our blog! This is where you can find featured articles on a variety of bookkeeping tips and tricks.
What is a Record of Employment (ROE)? A Record of Employment (ROE) is completed when an employee has interruption of earnings from your company. This
There is usually a time when your business is growing so much that you need to hire an employee (or more than one). If you
When determining which tax-free savings account (TFSA) to choose, there are a few things to consider. The first being whether the account will be used
Running effective virtual meetings is crucial if your staff works remote. If your staff works in an office, it is important to know when to
A Tax-Free Savings Account (TFSA) is a program created for Canadians over the age of 18 to set aside money that they can withdraw tax-free.
Firstly, you should definitely be asking yourself this question if you aren’t already. For some reason a lot of business owners don’t pay themselves especially in the
Your business structure can determine many important things within your business, like how your business does taxes and how you pay yourself. The most common
Meals and entertainment expenses are vital to some businesses but often these are not recorded in an appropriate way. For clarity, the meals category includes
Your payroll frequency is the frequency at which you pay your employees. For example, whether you pay them every other week, on the 15th of
The cash flow of a business is the movement of money into and out of it. To be able to run an effective business you will need
Conversion costs are crucial to understanding the financial position of your company if your business involves production and inventory. Conversion costs refer to the cost
As a business owner you may receive a variety of reports from your bookkeeper and/or accountant. One of these reports might be the Cash Flow
As a business owner you must wear many different hats. You might be the sole employee at your company and do it all yourself, or
Opening your own business is a big job and the benefits of owning a virtual business can be substantial. Below we highlight the benefits we
A bookkeeper deals with sensitive information every day. From your company’s financials to your employees’ personal information, we are expected to maintain confidentiality in all
Mixing personal and business expenses This means using your personal accounts and credit cards to pay for business expenses or vice versa. Even if you
They are both QuickBooks, so what’s the difference? The most obvious difference between QuickBooks Online and QuickBooks Desktop is that QuickBooks Desktop is downloaded and
1. Quickbooks Online (QBO) This can be used as the central app for your companies’ books. All of your sales, expenses, assets and liabilities can
The Combination Journal, or the Combined Journal, can be used in the place of the Special Journals (Sales Journal, Purchases Journal, Cash Receipts Journal, and
Being contacted by the CRA can be intimidating. For many of us it can leave our hearts racing at the thought of what could possibly
If you’re wondering when and how to register for GST or HST, this quick read will help you. When you operate a business in Canada