5 Bookkeeping Tips to Help You Manage Your Small Business Finances
Managing the financial aspects of your small business can be daunting, but it’s essential for long-term success. Effective bookkeeping not only provides insight into your business’s fiscal well-being but also empowers you to make well-informed decisions. Building a consistent bookkeeping practice can feel daunting, particularly if this is your first rodeo. But it doesn’t have
Read MoreWhat Is a Trigger Rate – and How Does It Impact Your Mortgage?
The trigger rate applies to variable-rate mortgage holders that are on a fixed payment schedule. In case of variable rate mortgage (VRM), the trigger rate is the rate at which the regular mortgage payments no longer covers the accrued interest.
Read MoreExtension of Canada Emergency Business Account (CEBA) Repayment
The Canada Emergency Business Account (CEBA) program has provided interest-free, partially forgivable loans to nearly 900,000 small businesses and not-for-profit organizations to help them navigate the challenges of COVID-19 pandemic and remain resilient. The loan was given to cover their non-deferrable expenses such as wages, rent, lease payments, property taxes, utility bills etc.
Read MoreWhat’s the Difference Between a Bookkeeper and an Accountant?
Regardless of your industry or your company’s legal structure, bookkeeping and accounting professionals are vital to the health of your business. Most people would be hard-pressed to describe the difference between an accountant and a bookkeeper. And while the terms are often used interchangeably, there is a great difference between accountants and bookkeepers in terms of their roles when it comes to managing and leveraging your financial data.
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