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…

For many Edmonton small businesses, month-end bookkeeping becomes stressful because bills, vendor statements, receipts, and payment records are not reviewed on time. Sales may be coming in, customers may be…

For many Edmonton small businesses, month-end bookkeeping becomes stressful because accounts receivable are not reviewed early enough. Sales may look strong on the profit and loss statement, but if customers…

GST mistakes can quietly create serious bookkeeping problems for Edmonton small businesses. A restaurant may collect GST through a POS system but record sales incorrectly. A retail store may forget…