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Exploring the full potential
Amanda

From Bookkeeping Reset to Tax Season Ready: Why January Makes All the Difference

If tax season feels stressful every year, the problem often starts months earlier. January is one of the most overlooked opportunities for small businesses to get ahead financially, and can be the foundation for how smoothly your business will operate in the months ahead. For many small businesses, tax season stress doesn’t come from the taxes themselves, but from disorganized books leading up to them. That’s why a January bookkeeping

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Exploring the full potential
Amanda

NEW YEAR / CLEAR BOOKS – The Bookkeeping Reset Every Business Needs

The start of a new year is more than a clean calendar. Think of it as an opportunity to reset how your business operates. January is the ideal time to review, organize, and strengthen your bookkeeping so the rest of the year runs smoother. A small amount of attention now can prevent costly issues later and give you clearer insight into your business from day one. 1. Why January Is

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Top 10 Tips
Amanda

How Permissions and Approval Processes in QuickBooks Online Advanced Simplify Accounts Receivable 

In any business, strong accounts receivable (AR) management is key to maintaining healthy cash flow. One of the best ways to improve AR efficiency is by putting clear approval workflows and access controls in place. QuickBooks Online Advanced helps you do this with customizable permissions and approval tools. Here’s how these features strengthen your AR process.

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Finance
Amanda

What is a Virtual Bookkeeper?

A virtual bookkeeper provides bookkeeping services to clients online versus in person or by coming to your office. Unlike the traditional in-house bookkeeper who works full-time (or part-time) for one or more companies at their place of business, a virtual bookkeeper operates remotely and interacts with clients through e-mail, telephone, chat channels, or any other online means of communication. Virtual Bookkeeper Advantages There are several key reasons why a business

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Finance
Amanda

Outsourcing vs. In-House: Which is Best for Your Bookkeeping Needs?

When managing your business’s finances, one key decision you’ll face is whether to handle bookkeeping in-house or outsource it to a professional service. Both options have their benefits, but in this blog post, we’ll focus on why outsourcing might be the perfect solution for your business’s bookkeeping needs.    What is Bookkeeping?  Before diving into the options, let’s clarify what bookkeeping involves. Bookkeeping is the process of recording all financial

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trust reconciliation
Finance
Amanda

The Ultimate Guide to Timely Trust Reconciliations for Notaries: Accounting & Bookkeeping for Trust Accounts in Canada

As a notary, you play a vital role in facilitating important financial transactions and ensuring the security of your clients’ funds. Trust accounts are a critical tool in your notarial practice, as they provide a safe and secure way to manage client funds. However, managing trust accounts is not just about opening an account and depositing funds. To ensure that your trust accounts are functioning properly, it is essential to

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In the News
Amanda

More money in my bank? Bill C-30 enhances the GST Credit.

Did you wake up to more money in your bank this morning and aren’t sure why? On October 18th Chrystia Freeland sponsored bill C-30 which enhances the GST Credit. The bill amends the income tax act to double the GST Credit for 6 months (an annual increase of 50%). Just like your existing GST credit this money is non-taxable and intended to provide Canadians with less mean additional funds to

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tax time bookkeeping
Finance
Amanda

What to look for in a bookkeeper

If hiring a bookkeeper is one of your company’s many struggles, it is possible that you might not know what you are looking for. Bookkeeping duties may vary from organisation to organisation, however, there are key qualities to look for in an awesome bookkeeper. 1. What bookkeeping duties do you need? A major misconception is that they all have the same duties, however, there are many services that bookkeepers offer.

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