"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.

Make managing gift card to employees easier and audit-ready. Here’s what to do if you decide to give gift cards or what you can (should) do instead.

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!

Accounting can be complicated. It’s not uncommon for businesses to make mistakes, but no one actually wants to make mistakes.

So, how do you avoid them? Here are some of the most common mistakes businesses make in their accounting.

Once you know them, then you can learn how to avoid them!

Fixed costs, variable costs, sale price. All of these things go into finding your break-even point. I talk about how to find it and how to find it with a product mix where you offer more than one product for sale.