You made a sale. You made several sales. Hooray! Now, how do you record it/them in your books? Well, that depends. On what? On your terms of the sale. Let me explain. For most small businesses a sale happens under one of...

When you’re just starting out in the world of business, it is often easy to become overwhelmed by the relentless stream of paperwork flooding into your office. For many Calgary startups, the compromise between bringing in customers and balancing...

Meals are a common part of business. You take a client to dinner or lunch to say thank for their business. Or you buy a couple of pizzas to say thanks to your employees for some great effort getting...

Two general contractor friends had a chat over coffee the other day. A fly on the wall would have overheard the following: Contractor 1: “My sales in the last six months were good. I closed $645,000 in projects. I did...

Just so you know, YES!, we have received big bunches of disorganized receipts in shoeboxes. It really does happen! But, we should try to avoid that. The Bookkeeping Department understands that every expense counts and you want to keep your...

Part 1 was about your bookkeeper. Now let's see what your accountant does. Your Accountant's Job Once per year you have a "year-end." This is when your accountant will get your books from your bookkeeper to see what happened over the year. He or she...

Many business owners don't know the difference between a bookkeeper's job and an accountant's job. Is there a difference? And if so, what are the differences? We hear two opposite viewpoints from many business owners, especially new ones: They do the same thing. They...

Sometimes couples decide to go into business together. Great idea! Mostly... Many things could be so right about it. And many things could go so wrong with it. Truth is, running a business together is something like travelling together. Will they...

Starting a new business is an exciting time! You have so much to do: create a logo, design your marketing, pull together your store, shop or office, hire staff, order inventory and office supplies…and so on, and so on....