As a small business owner, it’s essential to find ways to manage your inventory effectively to reduce costs, optimise warehouse space and ensure customer satisfaction. How you manage your inventory affects your cash flow, your customer relationships, and your relationships with vendors. That’s why it’s vital you use a system and process that works best […]
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Inflation rate slows for January Statistics Canada said last week that the annual inflation rate eased more than expected in January to 5.9%, which shows that the rate hikes are working and should allow […]
You can’t get through the news these days without hearing about inflation and how rapidly it’s increasing. Rates were generally low for quite some time and we all got used to it. Suddenly, however, everyone is getting squeezed by inflationary pressure. But what exactly is inflation, and how does it affect the money you have […]
A fractional CFO, or Chief Financial Officer, is a finance professional who works on a part-time, retainer, or contract basis. They bring the experience and expertise of a high-level CFO to your business – without the cost of hiring a full-time, in-house employee. Fractional CFOs service several clients at once typically on a part-time, retainer, […]
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. More than 20,000 Canadian Teslas part of recall Tesla is recalling nearly 363,000 vehicles in the U.S. and Canada that run its “full self-driving” system to fix problems with how it behaves around intersections […]
You’ve likely heard the phrase “in the black.” Your balance sheet is the tool that shows you whether your business is indeed “in the black.” Your balance sheet includes a section for your assets (things you own or will receive that have value), your liabilities (what you owe to others) and equity (retained earnings and […]
If you’ve been considering making the move to a cloud-based accounting system, you’re not alone. Cloud technology has impacted many business functions, including making managing financial aspects of your business easier and more efficient. Cloud-based accounting moves your accounting from being hosted on your computer’s harddrive to an online platform. Cloud-based platforms like QuickBooks and […]
It might be challenging to keep track of various tax deadlines during the year. But marking your calendar and staying informed about these dates will help you avoid penalties, and interest charged by Canada Revenue Agency when filing personal tax. Planning and ensuring you are fully prepared to file applicable taxes will assist you personally […]
Looking for the best Payroll Software in Canada? Give it a little peek here. Do you know there are several solutions available for processing payroll in Canada? We have put together this simple guide to the finest payroll software in Canada to help you narrow things down and pick the perfect payroll solution for your […]
If you own a small or medium size company in Canada, you know how difficult it is to manage your accounting and finance. Accounting is crucial for small business owners since it aids in evaluating the financial success of the company by the owners, managers, investors, and other stakeholders. Accounting gives decision-makers, planners, and controllers […]