Blog

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

Making Donations

Making Donations

If you are making enough profit in your business, a great way to give back is by donating to a...
Transitioning to Cloud-Based Accounting

Transitioning to Cloud-Based Accounting

Why transition? Cloud-Based Accounting is easy to use and allows for seamless collaboration between members of your financial team. Transitioning...
What is Depreciation?

What is Depreciation?

You may have heard of depreciation in your personal life, particularly when discussing vehicles and how they depreciate (lose value)...
What are Contra Accounts?

What are Contra Accounts?

A contra account is an account that has a balance opposite to what the normal balance is for its category...
When to Hand Over your Books to a Professional

When to Hand Over your Books to a Professional

When to hire an accountant: As you start your business you may feel the need to get advice from an...
Choosing a Bookkeeper

Choosing a Bookkeeper

In this article we talk about the five most important things to consider when choosing a new bookkeeper to join your team.
What is a Chart of Accounts?

What is a Chart of Accounts?

A Chart of Accounts is a list of all the business’ financial accounts as found in the General Ledger. The...
Bookkeepers vs Accountants

Bookkeepers vs Accountants

A lot of people think bookkeepers and accountants complete the same tasks, however that is not the case. A bookkeeper...
Benefits To Outsourcing Your Bookkeeping

Benefits To Outsourcing Your Bookkeeping

In this article we talk about the several benefits of outsourcing your bookkeeping.
How to Reduce the Chance of an Audit from the CRA

How to Reduce the Chance of an Audit from the CRA

In this article we discuss the top 3 ways to reduce the chance of an audit from the CRA, at the end of the article we also feature an app that makes this process a breeze!
What is a Bank Reconciliation?

What is a Bank Reconciliation?

In this article we talk about bank reconciliations, what they are and why they are important. We also include some tips for when performing bank reconciliations.
Accrual Basis vs Cash Basis Accounting

Accrual Basis vs Cash Basis Accounting

In this article we discuss the difference between cash and accrual basis accounting, the advantages and disadvantages of both, and which option we recommend.
5 Reasons to use Cloud Accounting Systems

5 Reasons to use Cloud Accounting Systems

In this article we discuss five reasons to consider using cloud accounting systems.
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