Bookkeeping is How To Easily Know Where Your Business’s Money Comes From and Goes To

Two general contractor friends had a chat over coffee the other day. A fly on the wall would have overheard the following: Contractor 1: “My sales in the last six months were good. I closed $645,000 in projects. I did...

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8 Reasons Why We’re Not Fans of Online Bookkeeping For Most Calgary Small Businesses

Online bookkeeping seems to be really appealing to many small business owners. Do your bookkeeping ANYTIME or ANYWHERE. Woo-hoo! And it's the trendy thing to do, especially for the under-40 budding entrepreneur. Well, we're not fans of online bookkeeping. And it's...

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Start Doing Bookkeeping Right From the Beginning of Your Business

When you’re just starting out in the world of business, it is often easy to become overwhelmed by the relentless stream of paperwork flooding into your office. For many Calgary startups, the compromise between bringing in customers and balancing...

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Proper Bookkeeping of Meal Expenses

Meals are a common part of business. You take a client to dinner or lunch to say thank for their business. Or you buy a couple of pizzas to say thanks to your employees for some great effort getting...

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How to Submit Receipts to Your Bookkeeper

Just so you know, YES!, we have received big bunches of disorganized receipts in shoeboxes. It really does happen! But, we should try to avoid that. Minaris understands that every expense counts and you want to keep your costs low....

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Why Does Bookkeeping Take So Much Time?

I was asked recently to estimate the number of hours to help catch-up a business owner's bookkeeping. He said he needed about 8 months of catch-up, averaging about 30 transactions per month. My first 'guesstimate' was 16 hours, while he guessed...

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Part 2: What Is the Difference Between Bookkeeping and Accounting?

Part 1 was about your bookkeeper. Now let's see what your accountant does. Your Accountant's Job Once per year you have a "year-end." This is when your accountant will get your books from your bookkeeper to see what happened over the year. He or she...

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Part 1: What Is the Difference Between Bookkeeping and Accounting?

Many business owners don't know the difference between a bookkeeper's job and an accountant's job. Is there a difference? And if so, what are the differences? We hear two opposite viewpoints from many business owners, especially new ones: They do the same thing. They...

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