Tag: bookkeeping tips

“Sole Proprietorship vs Incorporation” – Planning your business strategy

Should you incorporate your small business? (Sole proprietorship, partnership etc) Jumping from Sole Proprietorship to Corporation in Canada? We’ll break it down step by step. Earning side income or owning a small business can be a very rewarding experience, both emotionally and financially. The…

Bookkeeping Basics

Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is really one function of accounting, while accounting encompasses many functions involved in managing the financial affairs of a business. Accountants prepare reports based, in part, on the work of…

What Bookkeeping Tasks Need to be Done + When

Weekly 1. Check Bank Balances It’s a good idea to always be aware of your bank balances. You’ll know if you are getting low or sitting ok. Looking weekly also helps you see trends in your monthly finances. When do you have the most…

Bookkeeping 101

This video is about Bookkeeping 101 Here are some Facebook resources: 1. https://www.facebook.com/notes/danielles-sos-bookkeeping-services-ltd/what-bookkeeping-tasks-need-to-be-done-when/2132784253710828/ 2. https://www.facebook.com/notes/danielles-sos-bookkeeping-services-ltd/how-to-know-when-youre-ready-for-a-bookkeeper/2132829080373012/ 3. https://www.facebook.com/notes/danielles-sos-bookkeeping-services-ltd/self-employed-taxes-4-key-questions-to-ask-yourself-before-filing/2123582564630997/