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Why is Bookkeeping Important?

Uncategorized Dec 01, 2020

You may not be familiar with bookkeeping at all.

Let me compare it to something I’m sure you are familiar with.

How do you plan a road trip?

Let’s say that you decide to go on a road trip that includes overnight stays. You’ll have to plan how long it will take to get from point A to point B. You will need to book hotels, plan your stops, bring appropriate clothing, and, of course, plan how much money you will need.

What happens if you don’t fill up the car with gas before you leave? You most likely won’t get as far as you thought on day 1, but you can still keep going.

What happens if you don’t put enough money aside for gas?

Now, you may have to shorten your trip or worse, come back without reaching your destination!

Well, not doing your bookkeeping every month, is the same as going on a trip with not enough gas in the car. When you finally sit down to do your bookkeeping, you may have spent a lot more than you had thought and your money may not...

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New Business Bookkeeping

Uncategorized Sep 28, 2020

I just started my new business, I don't have a lot of transactions. Should I start my bookkeeping now?

It is best to start as soon as possible. The biggest reason small business owners don’t do their bookkeeping is because they don’t know where to start and the invoices and receipts have pilled up and the more they wait the more it becomes difficult to start.

Starting right away will get you used to doing it and it will become second nature. But the biggest advantage of doing it right away and regularly is that you will always have a clear picture of how much money you made and how much you spent.

Industry Canada stated “The #1 reason Canadian small businesses fail is because of inexperienced management.”

Part of that inexperience is not staying on top of moneys in and moneys out.


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Circle of Accomplishment

Uncategorized Jul 17, 2020


Bookkeeping for small business owners doesn’t have to be complicated.

You might be telling yourself that you are not sure you can do it, but if you already either own your own business or decided to start one, you definitely CAN DO THIS!

You don’t need any bookkeeping or accounting background.

The key is to keep it simple.

I want to know more


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Are You Self-Employed?

quiz Jul 03, 2020
With all the changes happening right now, a lot of people have had to make changes to their work situations.
For many people, this means being self-employed for the very first time. If this applies to you, I strongly recommend you take this quiz.
It covers important questions about bookkeeping. When you click to get your results, you will also get a brief overview of the importance of each quiz questions and other FREE resources to help you with your bookkeeping.

Find out if your bookkeeping habits are helping or hurting your business.

Take the Quiz


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Giving Yourself More Time For The Important Things In Life

catching up Jun 23, 2020

Time to catch up and put that backlog behind you!

Your only regret will be: "Had I known it would be this simple to catch up, I would have done it a lot sooner!"

Instant Download - Time To Get It Done 

And then...what a feeling of accomplishment!!


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Small Business Multitasking

being organized Mar 28, 2020
By Sylvie Poitras
As a small business owner, it makes sense that you have to multitask. After all, you are the one doing everything. It is important to understand that it’s OK to multitask, but in order to feel productive, you also have to finish tasks.
We all have a list of tasks we have to do every day, some of those are: answering emails, answering the phone, making calls, placing orders (if applicable). You also have a list of projects you are working on or would like to start. If you keep multitasking all day long, reacting to events that take place, going as fast as you can, without having any type of schedule, at the end of the day, you will feel like you didn’t accomplish anything.
“It is a mistake to think that moving fast is the same as actually going somewhere.” Steve Goodier
Even if you “go-go-go” all day without stopping, going as fast as you can, it doesn’t mean you will get things done....
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Is Saving Time And Money Important For You?

grow your business Mar 10, 2020

By Sylvie Poitras

Being your own boss and having your own business is very rewarding and the numbers are growing every year. Statistics Canada reported that in 2018 “2.9 million Canadians were self-employed.”

Whether you do a search on “Entrepreneur’s biggest challenges,” “Small business challenges,” “What do entrepreneurs need”… you will find a ton of articles with very similar results.

Two of the most common challenges are time management and cash flow management.

When time is limited, the first thing that gets ignored is what you like the least. Since a great deal of small business owners are “creative” people, the part that gets ignored is the paperwork.

It doesn’t have to be complicated!

Not knowing what your business cash flow is on a monthly basis is like going on a road trip across Canada and not filling up the gas tank before you leave. You’ll get going for sure, but you’ll most...

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Do you know how your business is doing?

cashflow Mar 04, 2020

By Sylvie Poitras


What is your current cash flow?

Industry Canada states, "The #1 reason Canadian small businesses fail is because of inexperienced management.  Business owners don't have the experience or knowledge they need to run their businesses successfully." 

Does this mean that you should just give up? Absolutely not! It just means that you need learn how to stay on top of it. What does that really mean?

Well, let’s go back in time for a moment. Years ago, we did most of our purchases using cash. The amount of money in our pocket dictated if we would buy something or not, depending on what else we needed to buy that day. When we had cash in our pockets, we “managed” our cash flow throughout the day.

Now that we use debit cards, we only see the balance when we go online. Plus, since we are getting ‘a’ card out, it makes it easier to grab the credit card instead when we are not sure. It is so much easier to lose...

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