Blog Archives

2016 IPBC IGNITE CONFERENCE DAY 2

Please listen below to an interview I gave at the 2016 IPBC Ignite Conference with Voice America

Posted in bookkeeping, Business Services, IPBC, small business, small business accounting, small business bc, SOMA

Telpay – Our Clients are Talking!

Posted in bookkeeping, Business Services, Payroll Advances, small business, small business accounting, small business bc, SOMA, Uncategorized

Is it a Debit or a Credit? Cheat Sheet

Account Section Debit- will Credit-will Assets Increase Decrease Liabilities Decrease Increase Equity Decrease Increase Revenue Decrease Increase Expense Increase Decrease

Posted in bookkeeping, Business Services, Sage 50 - Canadian Edition, small business, small business accounting, small business bc

How to Handle early-payment discounts and late-payment surcharges with your Customers

If you offer an early-payment discount on credit sales, you have to charge GST/HST on the full invoice amount even if your customer takes the discount. Example You operate a business in Manitoba and the invoice shows the price of

Posted in bookkeeping, Business Services, Sage, Sage 50 - Canadian Edition, small business, small business accounting, small business bc

My Tips & Tricks when using the Multiple Warehouse tracking tool in Sage 50 Canadian Edition.

Sage 50 Canadian Edition 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. Some business will have regional warehouses to cut back on

Posted in bookkeeping, Sage, Sage 50 - Canadian Edition, Sage Simply Accounting, simply accounting, small business, small business accounting, small business bc, West Vancouver Chamber

Didn’t think I’d need a bookkeeper….maybe I do. If only I had time to find one.

The title of this blog was taken directly from an email conversation between a mentor and a start-up business owner. This new entrepreneur knew it was essential to seek out a professional mentor that had, as he put it, done

Posted in bookkeeping, Sage 50 - Canadian Edition, Sage Simply Accounting, small business, small business accounting, small business bc Tagged with: , , , , , , , , ,

Here Is A Checklist For Self Employed Owners Working on Their Tax Return This Weekend.

The end of the year is here for self- employed small business owners. (Sole Proprietors) A sole proprietor is a type of business entity that is owned by one individual and where there is no legal distinction between the owner

Posted in bookkeeping, small business, small business accounting, small business bc Tagged with: , , , , , ,

The Keys to Unlocking your Business Profits & Growth in Sage 50–Canadian Edition

You know it is important to lower taxes and increase profits. You also know that it is imperative that you have enough money in the bank to pay the bills, but do you know how to access vital information and

Posted in bookkeeping, Sage, Sage 50 - Canadian Edition, Sage Simply Accounting, Sage Summit, simply accounting, small business, small business accounting, small business bc Tagged with: , , , , , , , ,

Soma Small Business Blogs 2012 in review

The WordPress.com stats helper monkeys prepared a 2012 annual report for this blog. Here’s an excerpt: 600 people reached the top of Mt. Everest in 2012. This blog got about 3,500 views in 2012. If every person who reached the

Posted in bookkeeping, Sage, Sage 50 - Canadian Edition, Sage Simply Accounting, small business, small business accounting, small business bc

Canadian – Sales Tax Invoice Requirements Make sure you are Complying

sales invoices for GST/HST registrants You have to give customers who are GST/HST registrants specific information on the invoices, receipts, contracts, or other business papers that you use when you provide taxable goods and services. This information lets them support their claims for input tax

Posted in bookkeeping, small business accounting, small business bc