Is your accounting team still transferring data between Excel files? When accounting software is available, there is no reason for your staff to waste their time entering expense data into a spreadsheet. Ever since the invention of Spreadsheet, technology has been constantly improving. It has reached a critical juncture where majority of the mundane accounting […]
Are you contemplating whether to engage a virtual bookkeeper and is it the right time? Some small business owners delight in doing things on their own. This resourcefulness comes in handy when launching your company since it allows you to keep costs down and run a lean operation. But as your company expands, so does […]
Accounting challenges faced by Canadian Startups Here are the top seven challenges that Canadian Startups face: 1. Cash Flow Management For business owners, an irregular and unpredictable cash flow can be a nightmare, especially for those newly established. In the initial years, it can be challenging to estimate the exact amount of money that will […]
Running a business itself is time-consuming and costly. The last thing you want to happen is to run afoul with tax authorities and be hit by a potential audit or, even worse, suffer financial penalties. In addition, organizing the paperwork for tax reporting as your company grows becomes increasingly complex and tedious. A professional accounting […]
Now that you are finally ready to run your start-up business, you might have come across the phrases used to describe a business’s operations that are grouped under the headings of accounting and bookkeeping. These duties entail keeping track of, examining, evaluating, reporting and interpreting your company’s financial information. Bookkeeping is one of the most essential […]
Isn’t it quite a hassle to make everything up to the mark when you are at the edge of starting your small business? You might be privy to this cliche that to launch and run a small business; you need commitment, time, money, and all those things. It might be simple to handle tasks such […]
Are you perplexed with various financial decisions you must make in starting and running your business, ranging from managing cash flow to minimizing tax burden? Many accounting firms in Canada provide financial advice, assist small businesses in creating budgets, and keep abreast of new tax rules. How do you know which accounting firm is the […]
Kudos to you on your setting up a new company! You did something out of your comfort zone to chase your passion. But do you know you need more than just passion for advancing your company? You require an experienced group of workers and reliable partners that share your passion for business. Choosing the right […]
There is only one winning strategy. It is to carefully define the target market and direct a superior offering to that target market. ~ Philip Kotler For any business to grow and be successful, its customers play the most vital role in the story. However, not entering the right market and restructuring the strategy is […]
Don’t we all know how challenging it is to start a new business? It is probably something you have always wanted to make a living doing something you enjoy, and you’re confident that the world will be enthralled by your new venture the instant they hear about it. But are you aware of how to […]