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December 3, 2013
After delivering the year end financial statements at a client last week, one of the owner's commented: "No one has ever explained the statements to us before." Understanding what has happened is the start to making changes for the future.
November 27, 2013
Baffled by payroll? Spending an evening a week trying to do all the calculations instead of watching your favorite tv show?
Relax!
It is one of the services we perform as The Accounting Department for YOUR Business.
November 19, 2013
The various political scandals highlight an important issue: Integrity matters.
November 15, 2013
There are several steps to the work to payment cycle. Completing ALL of them is essential.
1) Do the work as described.
2) Produce the "deliverable."
3) Prepare the invoice.
4) Ensure before printing said invoice that all the details are correct, like contact information, pricing & purchase orders.
5) Deliver the invoice.
November 7, 2013
When planning your businesses financial affairs, remember the words of Charles Dickens expressed by the character Wilkins Micawber "Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery."
November 2, 2013
The financial statements of your company are not just an "accounting thing." With proper analysis, there is a goldmine of information in there.
October 29, 2013
It is an important step in bookkeeping to record ALL of the transactions. Recording some just does not work. I finished reconciling the bank accounts of a client and they have a tendency of recording the non deposit, non cheque transactions at the end of the month. NO. You need to enter everything as you are going along.
October 28, 2013
Based on the premise that"what gets written, gets done", I am off today to a client to fine tune their 2014 budget.
October 21, 2013
Does your accountant explain the financial statements to you? Understanding why is the first step to understanding what changes need to be made?
October 19, 2013
Always be ready to network! Always. We had a plumber in on a maintenance issue and he says "So you are accountants". Yes, here is a card and explained a bit of what we do. "Oh, you do taxes." He is keeping the card in a safe place.
October 16, 2013
Whenever possible, I try to use non-technical language when communicating with my clients. I even have these listed in my website. Is there a term you hear used that is not in this list? The top ones will be added.
October 13, 2013
Have you filed last year's corporate or personal tax return? Why not make this fall the year you catch up on those filings?
October 9, 2013
So to those of you either job hunting or the entrepreneurs out there: NEVER give up on a lead. The owner of a company where I dropped off literature over one year ago called to meet.
September 26, 2013
Sometimes timing IS everything. Yesterday I met with a financial advisor with whom I may refer my clients. He is a referral from a client of mine. Later in the day, he met with a client who are looking for an accountant to prepare tax returns. Yes, timing is everything.
September 21, 2013
Of all the administrative functions of an entrepreneur, preparing payroll is the only one with a failure is not an option.
September 20, 2013
Networking is not a nine to five function. I was emptying some trash at the dump and started talking tax credits with one worker. You are always "on".