Blog Archives

Bookkeeping for Non-Deductable Fines

In Canada, a parking fine, a seat belt fine, a tow fine,an overweight or over-length truck fine are all non-deductible. The company can expense it; however the company is unable to claim it as a business expense for tax purposes. It would

Posted in bookkeeping, simply accounting, small business, small business accounting, small business bc

Bookkeeping for Non-Deductable Fines

In Canada, a parking fine, seat belt fine, towing fine, overweight or over-length truck fine or other general fines are non-deductable. The company can expense it; however is unable to claim it as a business expense for tax purposes. It would

Posted in bookkeeping, simply accounting, small business, small business accounting, small business bc

Are your businesses finances disorganized? Does your paperwork keep you up at night?

Do receipts, invoices, and credit card bills take up space on your desk and in your mind?There is a way to organize your business finances. By creating a simple, yet functional way to organize your business you will find it

Posted in bookkeeping, simply accounting, small business, small business accounting, small business bc

As long as nothing bounces, your business is doing alright!!!!

  Some small business owners just starting out believe that bookkeeping is a matter of just watching their checkbook. As long as nothing bounces, their business is doing alright! However, more and more small business owners are realizing the importance

Posted in bookkeeping, simply accounting, small business, small business accounting, small business bc

My First Year in Business – A Financial Overview Seminar

Date: Friday, January 7, 2011 – 10:00am – 12:00pm Price: $25.00 Starting a business is an exciting time, establishing your financial records and bookkeeping system should be one of the first orders of business. You will need to establish a

Posted in bookkeeping, simply accounting, small business, small business accounting, small business bc

End of Year Bookkeeping Checklist:

1.      Reconcile Your Bank Account. 2.      Catch Up On Invoices. 3.      Record Transactions. – Don’t forget about the credit card purchases. Search your pockets for receipts 4.      Categorize Expenses. – Make sure all of your income and expenses have been

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Multiple Warehouse Location Tracking in Sage Simply Accounting.

Sage Simply Accounting allows small businesses to keep track of inventory stored at more than one location, for example at home in the basement or at different store locations. Businesses that have regional warehouses to cut back on shipping cost

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Bookkeeping Essentials – Are Your Books Audit Ready

  Have you set up a separate bank account for your business? Have you set up a separate credit card for your business purchases? Have you kept detailed supporting documents for every transaction recorded in your bookkeeping software? Receipts, invoices,

Posted in bookkeeping, simply accounting, small business, small business accounting

Step 1 for a Healthy Cash Flow

 Cash flow problems go undetected when owners mix their own personal finances with their small business’ finances. This practice is very common among start-ups and is detrimental to your business. Your First Order of business is to: Open a separate

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Small Businesses do not need to hire a Bookkeeper.

A bookkeeping firm or self employed professional bookkeeper can provide either Onsite bookkeeping service or Offsite bookkeeping service. With onsite bookkeeping, a bookkeeper you hire comes to work at your place of business. The obvious advantage is you are only

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