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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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Finance
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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Finances
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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Exploring the full potential
Amanda

Efficient Accounts Receivable Management with QuickBooks Online Advanced: Streamlining Your Cash Flow

In any business, ensuring steady cash flow is essential to maintaining operations, paying bills, and supporting growth. One of the most crucial components of cash flow management is accounts receivable (AR)—the money owed to your business by clients for goods or services provided. Effectively managing AR not only ensures that payments are collected on time but also boosts profitability and strengthens relationships with clients.

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Finances
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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Finances
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
Finances
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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claim office expenses
Finances
Amanda

Claiming work from home expenses made easier

In response to the sheer volume of Canada’s workforce that moved from downtown offices into their homes; the government has introduced a simplified process for claiming work from home expenses.  Previously, to claim work from home expenses the requirement had to be included in the employment contract and a Conditions of Employment T2200 had to be completed annually by the employer.  The form was lengthy and many employers shied away

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Cash Flow
Finances
Amanda

Building Strong Cash Flow Now and Into the Future

Cash flow is one of the strongest indicators of the health of your business. It is a useful metric to quickly see how well you are doing, whether or not you are profitable, and how solidly your business can withstand storms. This holds especially true when the waves come crashing down, and the wind is whipping you back and forth with a frothing frenzy. This sounds kind of like the

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COVID-19 UPDATE – We are still here working for you!

Just like everyone we are concerned for our clients and employees health and well being while continuing to provide amazing support.  We are so fortunate that we are able to work virtually and our team has been able to set up at home ensuring that our clients needs continue to be met. We are open for business but are still primarily working from our home offices.    With precautions we can

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