Strong financial control rarely comes from one major decision. It is usually created through small actions repeated consistently. Saving receipts, reconciling the bank account, reviewing unpaid invoices, checking payroll reports,…

Payroll is often viewed as a simple payment process: calculate employee hours, deduct taxes, issue direct deposits, and provide pay statements. However, payroll involves much more than paying employees. Every…

Running a business without completing a proper month-end review is a lot like driving while looking only in the rear-view mirror. You may know where you have been, but you…

Getting a notice from the Canada Revenue Agency can feel stressful, especially when you are busy running a business. Many Edmonton business owners immediately assume the worst when they see…

QuickBooks can be a powerful accounting tool for small businesses, but it does not automatically guarantee clean books. Many Edmonton business owners use QuickBooks Online for invoicing, bank feeds, expense…

Hiring help is exciting for a growing business, but one of the first questions every owner should ask is: should this person be treated as an employee or an independent…

For many Edmonton small business owners, the balance sheet is one of the most important financial reports, but also one of the most misunderstood. Most owners look at the profit…