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Bookkeeping Canada
Bookkeeping and business articles for busy Canadian entrepreneurs.
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Accounting For Freelancers - A Crash Course in 5 Steps

Accounting For Freelancers - A Crash Course in 5 Steps | Bookkeeping Canada | Scoop.it
Organizing an accounting system will keep your freelance business in order. Here is a five-step crash course in accounting for freelancers.

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Accounting: What Can It Do for You? - Calculated Approach Consulting Inc.

Accounting: What Can It Do for You? - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
Accounting. Just that word can make people cringe because these tasks can be quite tedious. It does not have to be.
Stéphanie Descoteaux's insight:
 
You’re a small business owner and you must be knowledgeable about accounting practices because your business — your very livelihood — depends upon it.
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Bookkeeper vs. Accountant: Is There Really a Difference? - Calculated Approach Consulting Inc.

Bookkeeper vs. Accountant: Is There Really a Difference? - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
Does my business really need both a bookkeeper and an accountant? Actually, the responsibilities for a bookkeeper and an accountant are not interchangeable — something most small businesses fail to realize — and critical to an organization’s operations. An accountant…Read more ›
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You Can't Do It All: Four Small Business Tasks to Hand Off to the Professionals - Calculated Approach Consulting Inc.

You Can't Do It All: Four Small Business Tasks to Hand Off to the Professionals - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
Four business components that you should outsource to the professionals
Stéphanie Descoteaux's insight:

Don't waste time trying to do it all. Concentrate on what you do best and let professionals like you deal with the things that you are not so good at. You will increase your efficiency.

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Don't Let Poor Credit and Collection Management Be the Torpedoes that Sink Your Business

Don't Let Poor Credit and Collection Management Be the Torpedoes that Sink Your Business | Bookkeeping Canada | Scoop.it
Careful management of collection and credit procedures ensures liquidity. If you aren't carefully overseeing collections and credit policies, these things could negatively affect your organization's ability to provide services and/or products.
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Interview Vigilante: Don't Let a Deceitful Job Seeker into Your Organization

Interview Vigilante: Don't Let a Deceitful Job Seeker into Your Organization | Bookkeeping Canada | Scoop.it
Deceptive people weasel their way into jobs all the time. Don't become a victim.
Stéphanie Descoteaux's insight:

Be aware when hiring a new employee.

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Improve Your Credit Score in a Few Easy Steps - Calculated Approach Consulting Inc.

Improve Your Credit Score in a Few Easy Steps - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
5 steps to improve your credit score.
Stéphanie Descoteaux's insight:

Perhaps you are shopping around for new living room furniture or looking to get a loan that will cover the renovation costs for your kitchen. Before you do any of these things, you may want to take a look at your credit report and your credit score.

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Ways to Secure Your Company against Malware, Breaches, and Fraud - Calculated Approach Consulting Inc.

Ways to Secure Your Company against Malware, Breaches, and Fraud - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
What do Sony Pictures, Target, Bank of America, and Home Depot have in common? All of them have been tainted by malware and data breaches. Criminals sneak into a company’s networks through some vulnerability or open gateway and corporate and…Read more ›
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Accounting Myth #8: My small business doesn't need a bookkeeper. Besides, I'll get around to my bookkeeping tasks… whenever I have the time. - Calculated Approach Consulting Inc.

Accounting Myth #8: My small business doesn't need a bookkeeper. Besides, I'll get around to my bookkeeping tasks… whenever I have the time. - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
It’s never a good idea to push off your bookkeeping tasks until “when you have the time” or assume that you don’t need a bookkeeper because your business is small. Whether you are a large technology company or a small…Read more ›
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Accounting Myth 6: Who needs goals in business?

Accounting Myth 6: Who needs goals in business? | Bookkeeping Canada | Scoop.it
But a business really cannot be successful without putting a list of goals in place and working to achieve them.
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Accounting Myth #4: Bookkeeper and Accountants are boring people who don't like to work with others. - Calculated Approach Consulting Inc.

Accounting Myth #4: Bookkeeper and Accountants are boring people who don't like to work with others.  - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
Before I can even address the above statement — which is wrong by the way — I have to point out a very important fact: bookkeepers and accountants tend to be very smart. They have a variety of skills (analysis,…Read more ›
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Accounting Myth 2: I can't afford an accountant or a professional bookkeeper! - Calculated Approach Consulting Inc.

Accounting Myth 2: I can't afford an accountant or a professional bookkeeper! - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
One of the biggest misconceptions for a small business or a start-up is that there is no money in the budget for an accountant or a professional bookkeeper. The small business owner will instead take on the additional responsibility of…Read more ›
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OECD Has Good News, Bad News About Canadians' Taxes

OECD Has Good News, Bad News About Canadians' Taxes | Bookkeeping Canada | Scoop.it
First, the bad news: Canadians’ taxes are going upWith this year's tax deadline approaching rapidly, many people's thoughts are turning to the shell-shocking amount of money the government routinely takes from our paycheques.
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First, the bad news: Canadians’ taxes are going up.. read the full article to know more

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Knowing Your Business Numbers - The Difference between Success and Failure - Calculated Approach Consulting Inc.

Knowing Your Business Numbers - The Difference between Success and Failure - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
Knowing one critical element related to your business can determine your success or predict your failure: numbers.
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What is deferred revenue?

What is deferred revenue? | Bookkeeping Canada | Scoop.it
Many people are confused by the term "deferred revenue" so let's discuss what it means. To know more about accounting terms, attend one of our workshops.
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Five Important Things to Know If You File Your Taxes Late - Calculated Approach Consulting Inc.

Five Important Things to Know If You File Your Taxes Late - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
Taxes filing. Procrastinating won't make things any easier for you and could be quite problematic.
Stéphanie Descoteaux's insight:

A few things you need to know about filing your taxes.

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Seven Tips to Get Your Business on the Right Track in the New Year - Calculated Approach Consulting Inc.

Seven Tips to Get Your Business on the Right Track in the New Year - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
The year is coming to a close. Holiday parties, Christmas cards, and wrapping up last minute tasks are keeping you busy but have you forgotten how important this time is for business? Sure, many employees take vacation days and some…Read more ›
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Becoming Financially Literate Boosts Your Chances of Business Success

Becoming Financially Literate Boosts Your Chances of Business Success | Bookkeeping Canada | Scoop.it
How financially literate are you? Would you like to learn accounting in a fun way? We offer workshops that are fun and educative.
Stéphanie Descoteaux's insight:

But did you know that most business owners cannot pass a basic finance test? That’s a scary thing to ponder, but it’s quite true. Being financially literate doesn’t mean you need to be an accountant or a financial planner. But having a basic knowledge of your organization’s finances is quite important. Is the company successful? Is it meeting goals and expectations? Is it turning over a profit every month? Business owners need to know these details.

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Procurement Fraud: What It Is and How to Prevent It - Calculated Approach Consulting Inc.

Procurement Fraud: What It Is and How to Prevent It - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
Procurement fraud is one type of fraudulent practices and is a very real possibility for any company. These are simple ways to prevent it.
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Four things to do to prevent cash flow problems - Calculated Approach Consulting Inc.

Four things to do to prevent cash flow problems - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
Cash flow is critical to your business. Without good cash flow management procedures in place, you may not be able to pay your bills, meet customer demands, or keep your employees. But yours is a small business and you are…Read more ›
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Five Things to Get Your Business Off and Running in the New Year - Calculated Approach Consulting Inc.

Five Things to Get Your Business Off and Running in the New Year - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
Did you forget to make a plan in January? We are nearly in March but it is never too late! A new year equates to a brand new start for everyone. That's why more people join gyms and start eating healthy in the winter months. However, those grandiose plans can become difficult and unattainable if we aren't fully prepared. It's no different in the business world.
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Accounting Myth #7: I've been paying my business expenses out of my personal account. It works for me. - Calculated Approach Consulting Inc.

Accounting Myth #7: I've been paying my business expenses out of my personal account. It works for me. - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it
There are simply so many things wrong here! Paying your business expenses from a personal financial account is certainly NOT the way to run your business. First, it’s very difficult — sometimes impossible — to determine if your business is…Read more ›
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Accounting Myth #5: Why would I need a bookkeeper when QuickBooks works just fine for me?

Accounting Myth #5: Why would I need a bookkeeper when QuickBooks works just fine for me? | Bookkeeping Canada | Scoop.it
So you think that knowing Quickbooks is enough to make you an expert? Check out the good reasons why you still need a bookkeeper.
Stéphanie Descoteaux's insight:

Knowing how to use Quickbooks does not make you a bookkeeping expert.

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Accounting Myth #3: Accounting reports are completely unnecessary for my business and I don't need them.

Accounting Myth #3: Accounting reports are completely unnecessary for my business and I don't need them. | Bookkeeping Canada | Scoop.it
So, how do you really know if your business is successful if you don't have reports showing you how you are doing?
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Accounting Myth #1: Accounting is about math - Calculated Approach Consulting Inc.

Accounting Myth #1: Accounting is about math - Calculated Approach Consulting Inc. | Bookkeeping Canada | Scoop.it

Many people believe that a career in accounting equates only to solving math problems. Those who aren’t fans of addition and subtraction may instantly be turned off without even thinking twice about pursuing an accounting career.… ›

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7 Things to Do When You Get a Raise at Work

7 Things to Do When You Get a Raise at Work | Bookkeeping Canada | Scoop.it
Getting a raise is probably one of the best feelings in the world. After all, it boils down to your boss essentially saying, “You’ve done an excellent job and deserve to be compensated.” However, it can also be a double-edged sword.
Stéphanie Descoteaux's insight:

It might not happen as often as we would wish but there is no reason to not get wise when getting a raise. These are some good tips.

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