When running a business, staying on top of your finances by maintaining a positive cash flow and financial stability allows you to keep your operations running smoothly. Consequently, if you
Importance of Automation in Customer Loyalty Programs – Infographics
Small businesses already use digital solutions for their operations. For example, many utilize an invoice maker app and online accounting and bookkeeping services to streamline processes and keep their finances organized. Ideally, entrepreneurs should
Types of Errors in Accounting and How to Prevent Them
The bookkeeping and accounting records play a vital role in helping you evaluate your small business’s financial health and performance and prepare for your taxes and other government compliance obligations.
How to Conduct a Mid-Year Accounting Review – Infographics
The middle of the year is an ideal period to conduct a check-up on a business’s finances. Activities that transpired in the past months can provide significant data about the
5 Benefits of Paperless Invoicing for Your Small Business
An invoice is a conclusive document that acts as a record of the detailed information about a sale or purchase of goods or services. It is also considered an indispensable
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
How to Choose the Right Accounting Software for Your Business – Infographics
Using accounting software can save up time and reduce errors and redundancy in data input. Many use either a desktop or a cloud-based option depending on their business needs. Although,
Maximizing Business Tax Deductions
Entrepreneurs take advantage of all possible opportunities to lower their taxes, including making the most of their deductions during the tax season. Tax deductions help enterprises improve their cash flow
Uses of Record Keeping and Accounting – Infographic
Bookkeeping and accounting are considered the backbone of a smooth business operation. However, many people get confused between the two terms as both have relation to financial reporting and used