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As a kid, few consequences were more frightening than the threat of having something go on your permanent school record. Any slip-up, large or small, could go on this life-determining record. The prospect of a tainted record was all most of us needed to sit up straight, respect our teachers, Read more…

Technology is transforming the landscape of small business accounting. Empowered by the automation and innovation fueled by artificial intelligence (AI), the cloud and blockchain — now, more than ever, accountants are expanding their roles as business advocates and advisors. It’s a trend backed by a 2016 study by the International Federation Read more…

For some entrepreneurs, putting together your financial statements can seem like busywork. You have a business to run, so can’t your accountant just whip up what you need and send it off wherever it needs to go? Theoretically, sure. But the most forward-looking business owners understand that doing the numbers Read more…

Ideally, as a small business owner, you’ll know a lot about your company’s financials. But no matter how much time you spend deep in the books, there are some cash flow questions that you should absolutely be able to answer. They’re important because they’ll give you a picture of your Read more…

However, profit’s a deceptive metric for success that often only gives you part of the picture. For example, sales are recorded on a profit and loss statement, regardless of whether the customer has paid for them yet. While profit is simply the difference between what it costs you to produce Read more…

This article details the best business credit cards in Canada. To see the best business credit cards in the United States, click here. Looking for a credit card for your business? The research process for finding the best business credit cards in Canada can be a bit like one of Read more…

Although we are over a month into 2020, this is about the time when most people give up on their resolutions. According to U.S. News & World Report 80% of New Year resolutions fail by February. Are you still on track with your business resolutions? If so, keep it up! Read more…

While you know that the financial health of your business is important, it’s actually a pretty difficult topic to discuss. Business financial health involves all sorts of accounting and financial terms, which don’t always roll off the tips of everyone’s tongues. But, more than that, most business simply have no Read more…

Every morning at my children’s bus stop, there’s a foolproof way to tell that the bus is about to arrive: When you see a hoard of children running from the park to the bus stop, you know the faithful yellow hardtop is on its way. Is this child’s play or Read more…

A majority of the businesses around the world are small businesses. According to OECD data, the figure is 99%. Another thing they have in common is cash flow problems. Regardless of whether a business is in an advanced economy, emerging area or somewhere in between, cash flow and cash flow basics Read more…