Reviewing your processes every couple of years may be key to saving you time!

Why am I doing it this way?” a client wondered when we met to review her business’s bookkeeping and accounting process.

Times have changed, but she had stayed with a tried-and-true bookkeeping method she had learned 13 years before when she had started her business. She was doing a Daily Sales Balancing entry in Excel from information printed out on her cash register tape. She thought “why fix what isn’t broken”?

Time – that’s one reason.

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Connecting your accounts, software and your world

Connecting your accounts, software and your world

 

“You mean I will never have to save my paper receipts again if I just use this app to snap a picture?” our client said to me with both fear and relief as I demonstrated how to use a new receipt app. He just couldn’t believe that one of his least favourite things to do was suddenly replaced with a snap.  

If you have nightmares thinking about filing paper receipts or you are still carrying around a wallet or purse stuffed with receipts, it is time to wake up to a new day and a new way to manage your receipts, all while keeping the Canada Revenue Agency happy. 

It can be hard to let go of old, tried-and-proven ways of doing business – paper trails and filing receipts. You might worry that the CRA won’t be satisfied and your new way of work will come back to haunt you at tax time or later, with an audit. But rest assured, the CRA understands the need to move faster, at the speed of business, and technology is a key part of that. Of course, the CRA has rules – but they’re easy to follow; you can read more at CRA’s Acceptable backup Guidelines.

Today’s new tools that are already in the palm of your hand can transform the way records are kept and money is managed.  Read more

Conferences: The Many Returns on Investment

Conferences: The Many Returns on Investment

By Jennifer Dolmage – Bookkeeper at Mason Miller Accounting & Taxation

 

Conferences might seem like the professional equivalent of a field trip mixed with a dash of a holiday getaway, at a price tag that can seem somewhat steep. 

The time and money you invest in having your staff attend a conference, however, often yields dividends far beyond the time to escape the office. Conferences pay an incredible return on investment. 

I attended an industry conference with Kim (1 of the 2 partners at our firm), where we quickly discovered and experienced several dividends. 

The first is the most obvious: It’s rejuvenating. It renews your enthusiasm and gives you the energy to face what awaits at the office. Why? As industry speakers share their stories, they make you and your team feel better equipped to better serve your clients. 

In our industry, conferences are where we learn about new products and software – and this learning goes beyond reading about it. As well as case studies from industry leaders, conferences include trade fairs – demonstrations and product trials – and discussions. 

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INFOGRAPHIC – A Visual Guide To Understanding Your Balance Sheet

 

Do you get stuck looking at your balance sheet, wondering where your business’ money is?

 

We’ve heard it before, so we’ve created an easy to understand infographic to help guide you through your balance sheet to better understand where your money is.  Read more

How financial literacy can grow your business

Understanding how money works – and how to make it work more effectively – can transform your bottom line. Seeing how money flows and changes value over time gives insights that support decision-making for your business.

As accountants and bookkeepers, we helped Grand Floors see money strategically, the way they see flooring; working and flowing from room to room to create something more valuable than just the total of the pieces. Read more

5 Ways to Get Unpaid Invoices, Paid

Unpaid invoices can be the bane of an entrepreneur’s existence. You have to waste valuable time and resources politely chasing after people who owe you money.
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How to Set Your Business up for Success

As specialists in bookkeeping and tax services, we’re often asked a lot of questions that fall outside of the tax world. And we love to help small businesses!

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Sales Are Good. Where’s the Profit?

Do you ever feel like your business is leaking money somewhere? Your sales are good, but something just doesn’t seem to add up on the spreadsheet.
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Why Hire a Bookkeeper

They say that entrepreneurs are the only people crazy enough to work an 80 hour week to avoid a 9-to-5 job. And only crazy entrepreneurs waste those hours doing their own bookkeeping.
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