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Accounting

What An Accountant Does for Your Business (And Why It Matters)

Learn how accountants can fuel your Canadian business’s success at any stage—from strategic planning and financial setup to growth management and compliance support.

7 Signs It's Time to Hire an Accountant for Your Small Business

If you’re a small business owner wondering whether it’s time to hire an accountant, this article is just for you!

How Much Will Bookkeeping and Accounting Cost for My Small Business?

Learn how much you should budget for bookkeeping and accounting services at different stages of your business.

Changes to Your Small Business Financial Statements

Small business financial statement changes in Canada (CSRS 4200) - what business owners need to know.

Year End Accounting Checklist: 8 Steps to Get Your Books Ready for End of Year

Getting your bookkeeping ready to send to the year-end accountant can be daunting. Luckily we’ve put together an easy to follow checklist that you can follow to get your books ready for the year end. Your accountant will be thrilled!

Why You Should Never Get a Surprise Bill from Your Accountant

If your accountant is invested in your success, and by your side for the whole business journey, you should never get a surprise bill you didn’t see coming. Here's how to avoid unexpected bills from your current, or future accountant.

What is a Chart of Accounts?

If you’ve made it to this page, I’m sure many of you are often wondering…"What is a Chart of Accounts?" and "What do the account numbers even mean?" Well fret not, because today is your lucky day! Let me be your guide in this mysterious land.

New Financial Statement Compilation Engagement Standards (CSRS 4200)

Coming soon (December 2021), your Notice to Reader financial statements will undergo some pretty significant changes. This article will explain those changes and what it means to you as a business owner.

Accounting Reports Every Small Business Owner Should Get

These are the accounting reports every business owner should be receiving to successfully manage their business. We outline what they are, how frequently you should be receiving them, what they mean and what decision they can help with.

Online Accountants In Canada: Who Are They and How Are They Different?

This guide will explain how online accountants are different from traditional, bricks and mortar accounting firms. It will also list and compare some of the well known online accounting firms in Canada.

Xero Vs. QuickBooks Online: Which Is Better For Your Canadian Business

Xero or QBO? If your small business is looking for full-featured, cloud-based accounting software, there is a good chance that you will be choosing between Xero and QuickBooks Online (QBO). This article will provide a high-level comparison of the two options.

What Accounting System Should I Use?

Learn about some different system solutions to keep track of your bookkeeping and accounting.