Jun
16
2018
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...
May
15
2018
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...
Apr
15
2018
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...
Mar
15
2018
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...
Feb
15
2018
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...
Dec
15
2017
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...
Nov
15
2017
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...
Oct
19
2017
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...
Sep
12
2017
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....
