Posts

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.

Read more

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

6 Technologies Transforming Small Business Accounting 

6 Technologies Transforming Small Business Accounting 

 

Technology can streamline your data entry, expense tracking, payroll and even assist you in creating bids for jobs, so you can focus on what you do well.

There are a lot of options and apps; two of the most well-known are QuickBooks Online and Receipt Bank. Working together, they allow you and your staff to upload receipts, track expenses and make HST and other tax payments.

At Mason Miller, we can help you create a technology plan that is customized and enables you to easily monitor staffing and supply costs or accurately and quickly project costs for a job bid, as well as how to ensure your books are correct by reconciling your data.

Let’s take a few quick looks at some of the major apps available.

Read more