Accounting for multi-currency businesses can be a complex process, but having the right tools and strategies in place can make it much easier.

"Why is that income on the P&L when I haven't been paid for it?" - FAQ

The entrepreneurial path is not usually a straightforward one. It’s covered with roadblocks, obstacles and sharp turns requiring quick reflexes.

Recently, we made the choice to be a Xero-only firm. Previously, we used both QBO (aka QuickBooks Online) or Xero, combined with Hubdoc. So, what is the reason and logic behind making this change?

Although the process will differ depending on the type of business you want to start, some steps of starting a new business in Canada remain fundamentally the same. We created this resource for Canadian Businesses and entrepreneurs who are looking for guidance through the startup phase of business.

Business Owner Burnout: how to recognize the signs, and what you can do about it. Here we share three practical strategies that will help you tackle the burnout that can happen to any business owner.

The Government of Canada describes the job of a bookkeeper/accountant as follows:

“Accounting technicians and bookkeepers maintain complete sets of books, keep records of accounts, verify the procedures used for recording financial transactions, and provide personal bookkeeping services. They are employed throughout the private and public sectors, or they may be self-employed.”

Sounds simple enough, right? The real questions are, what do those duties entail? What can they do for your business? What is their work like? Keep on reading if you’d like those questions answered!

As an entrepreneur, I’m always looking for ways to make my life easier/better. Automation, learning, time, etc. Any of these kinds of gifts bring value to my life immensely. I’m not one for ‘things’ but rather intangible goodies. However, you might spot a few things on my list and it’s only because it either makes my life easier or has a clear function (bonus if it does more than one thing!).

Accounting can seem really confusing when you don’t know much about the terminology used. It’s much simpler than you think once you know what you’re talking about. So, let’s dive in and do some learning.

Here are four ways to get your business online, even if you’re a brick and mortar store. Whether it’s through simplifying processes or using different software, these tips will help you on your way to getting cloud-based.

Stop waiting to get paid and get paid faster.