Benefits of Outsourcing the Payroll Processing Function

Posted on March 1, 2023February 28, 2023 by Dan Simard

Payroll is a critical function in any business. It involves calculating and disbursing employee salaries and wages, processing taxes, and complying with legal regulations. Payroll processing can be complex and time-consuming, and mistakes can have serious consequences. Outsourcing payroll processing can help businesses save time, money, and resources while ensuring compliance and accuracy. Here are Read more about Benefits of Outsourcing the Payroll Processing Function[…]

Bookkeeping & Accounting Tips for Small Business: 5 Things to Avoid

Posted on December 21, 2022December 21, 2022 by Dan Simard

TD Bank surveyed small business owners about what they love and hate most about owning their own business. Unsurprisingly, flexibility and feeling in control ranked first in the “love” category. Meanwhile, almost 60% said bookkeeping was hands-down their most hated task. Most business owners understand that effective financial management is key to their success. However, Read more about Bookkeeping & Accounting Tips for Small Business: 5 Things to Avoid[…]

3 Reasons to Prioritize Bookkeeping

Posted on December 7, 2022December 6, 2022 by Dan Simard

If you ask 100 business owners what they like least about running a business, chances are good that bookkeeping will rank high on the list. It’s a frustrating chore that takes up a lot of time and is easy to put off until tomorrow. However, avoiding your bookkeeping is dangerous. Not knowing your company’s financial Read more about 3 Reasons to Prioritize Bookkeeping[…]

Benefits of Bookkeeping: A Contribution to Small Business Success

Posted on November 2, 2022November 2, 2022 by Dan Simard

Bookkeeping is an essential component of small business success. Some of the benefits of bookkeeping include; maintaining compliance, tracking your business activity, and producing the data needed for business decisions. But despite its proven importance, many owners dread and avoid bookkeeping. In fact, most entrepreneurs claim that it is one the worst parts of running Read more about Benefits of Bookkeeping: A Contribution to Small Business Success[…]

Small Business Audit: What to do if you get audited?

Posted on October 5, 2022February 25, 2023 by Dan Simard

There are often negative emotions involved when you think of a small business audit, and rightly so. No business owner looks forward to a letter from the taxman requesting a closer look at the books. If you’ve received an audit letter, don’t panic. Prepare. These four steps will help you get through the process with Read more about Small Business Audit: What to do if you get audited?[…]

Four Questions to Ask the Accountant

Posted on September 7, 2022February 25, 2023 by Dan Simard

Ideally, you and your accountant are more than just “adviser” and “client”. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask the accountant these four Read more about Four Questions to Ask the Accountant[…]

What’s the difference between a bookkeeper and an accountant?

Posted on August 31, 2022August 30, 2022 by Dan Simard

A popular question we get is, what’s the difference between a bookkeeper and an accountant? A good question! They both work with financial data and they’re both essential for managing a successful business. Yet the roles and duties of a bookkeeper and accountant are different. You may not be exactly sure of the differences between Read more about What’s the difference between a bookkeeper and an accountant?[…]

How to Evaluate a Company Budget

Posted on August 2, 2022February 25, 2023 by Dan Simard

Wondering how to evaluate a company budget? Our blog post will provide an overview of key areas you can focus on when reviewing your budget. It’s a good idea to take a look at your company budget every quarter and see where you need to shift your priorities. Furthermore, review business spending over the past Read more about How to Evaluate a Company Budget[…]

Six Essential Accounting Terms for Small Businesses

Posted on July 19, 2022February 25, 2023 by Dan Simard

Hiring an accountant whether inhouse or outsourced is considered best practice for small business owners. Delegating the various accounting functions doesn’t mean completely checking out of the process each month or quarter. On the contrary, it’s recommended that business owners work closely with their accountants throughout the year to better understand their financial position and make Read more about Six Essential Accounting Terms for Small Businesses[…]

Outsourced Bookkeeping Benefits

Posted on July 5, 2022February 25, 2023 by Nick

The outsourced bookkeeping benefits are numerous. These benefits include; working with an industry professional, receiving valuable financial guidance, saving time managing the finances, and saving money outsourcing the accounting function. Let’s talk about outsourced bookkeepers. Here are four benefits to hiring an outsourced bookkeeper to help you manage your business finances. Expertise An outsourced bookkeeper Read more about Outsourced Bookkeeping Benefits[…]