Organized records can help: Track and compare past and present financial positions. Plan and forecast future financial positions. Provide information to make good business decisions. Satisfy reporting obligations, notably to the Canada Revenue Agency. Save time and energy if your business gets audited.

Bookkeepers take care of all the financial data for businesses. Accurate and complete financial bookkeeping is crucial to any business's decision makers: owner, outside investors, creditors, bank and even its employees. Keeping a close eye on your day-to-day business operations can help you be a Canadian small …

Nov 7, 2012 – Here are our five tips for small business bookkeeping. Plan for Major Expenses. Be honest about the expenses that could be coming up in the next one to five years. Track Your Expenses. Record Deposits Correctly. Set Aside Money for Taxes. Keep an Eye on Your Invoices.

Dec 24, 2017 – Sage 50 Accounting used to be known as Simply Accounting, a tried and true comprehensive small business accounting solution. It does everything Canadian businesses need to do (including calculating and paying GST/HST and PST/QST, and preparing government T4's, ROE's or RL-1's through print or …

You will find they fit into one of the five categories which are found further down this page. I see them as the different roles that you, as a small business owner, switch in and out of when dealing with the numbers in your business … bet you didn't know there were so many "people" in your accounting department! 😉 …