6 Reasons To Look at Your Financial Reports
Financial reports are most useful when they lead to better decisions. These six reviews help owner-managers understand profit, cash, working capital, financing capacity and emerging risks.
Accounting
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Accounting
What’s the difference between financial accounting and management accounting?
Financial accounting explains what happened and supports external reporting. Management accounting reorganizes information to help owners price, plan, allocate resources and make decisions.
AccountingBusinessCoaching
Accounting basics: the profit and loss and balance sheet reports
The income statement explains performance over a period, while the balance sheet shows what the business owns, owes and has accumulated at a point in time. Reading them together gives owners a clearer view.
AccountingBusinessCoaching
Cash is not profit and vice versa
Profit measures accounting performance, while cash reflects the timing of collections, payments, financing, investment and owner withdrawals. Understanding the difference helps prevent avoidable cash shortages.
AdvicesBusinessConsulting
How does an accountant save you money?
A good accountant creates value through reliable information, tax planning, risk identification and better-timed decisions. The benefit should extend beyond preparing returns after year-end.
AdvicesConsulting
Automation can ease your business workload
Automation can reduce repetitive work, but only when the process, data, approvals and exception handling are designed properly. Start with a narrow workflow and measure the result.
Advices
Succession Planning for Small Businesses
Succession planning is a multi-year process involving leadership, ownership, tax, financing and family objectives. Starting early gives an owner more choices and helps protect business continuity.
Advices
Restructuring or selling your business? We can help
A restructuring or business sale should begin with the owner's objectives, a reliable financial picture and coordinated tax and legal advice. The structure affects risk, proceeds and what remains afterward.
AccountingNews
COVID-19 Economic Response Plan – The help you can get for your HST
As part of the COVID-19 Economic Response Plan, the Ministry of National Revenue extended the payment deadline until June 30, 2020 for business with following HST reporting period: HST Collected and due in March, April or May 2020 if your business files…
News
COVID-19 Economic Response Plan – The funding you can get for your business
As part of the COVID-19 Economic Response Plan, the Government of Canada lunched the new Canada Emergency Business Account, which will provide eligible small business with interest-free loans of up to $40,000. Borrowers who repay the loan on or before December 31,…
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