The accounts payable (AP) is seen as a back-office function and is often behind accounts receivable (AR) in terms of a company’s management priorities. However, despite taking a back-seat to
Understanding the Types of Business Liabilities and How to Manage Them
Most businesses have liabilities, and the only time a company might not have liabilities is if it only pays with cash and only accepts cash payments. However, since several businesses
How to Prepare Your Small Business for Tax Season in Canada – Infographics
Among the responsibilities of being a small business owner is filing their annual business income tax. Although, it can be an overwhelming endeavor for some, especially worries surrounding filing mistakes
Common Bookkeeping Mistakes You Should Avoid
Bookkeeping is the systematic process of recording and organizing source documents for all business operations and financial transactions, such as purchases, sales, payments, and receipts. It is a vital process
In-House vs. Outsourced Bookkeeping & Accounting Services: What’s Right for Your Business? – Infographics
Whether your business is a start-up, a small company, or a medium-sized one, you need the right bookkeeping and accounting team to manage your finances. Proper financial management is crucial