Do’s and Don’ts After Raising Startup Capital
Bookkeeping
Knowing what to do after raising startup capital—and what not to do—can mean the difference between building a great company and running out of cash.
The Back Office Blog
Looking to learn more about all things bookkeeping and accounting? Have a browse through our blog.
QuickBooks vs. Xero: What’s the difference?
Accounting
Xero and QuickBooks Online are two of the most popular and powerful accounting software solutions for small business owners. But while both can help you manage comp...
What to Focus on When Hiring for Your Startup After Raising Funds
Technology
It’s not uncommon for early-stage startup founders to take on multiple roles and responsibilities. Having recently raised your first round of funding, however, it’s ...
How to Choose Your Corporate Fiscal Year-End in Canada
Accounting
Whether you prefer the term financial, tax, or fiscal year, your company’s 12-month business cycle plays an important role in corporation tax filings, shareholder repo...
4 Tips for Startup Financial Management
Accounting
Congratulations! Your business plan was well-received and you’ve secured the funding you need to launch your startup. Now it’s time to deliver on the promises you ma...
What is the Quadruple Bottom Line?
Accounting
Positive financial performance and a healthy bottom line are key to your success as a small business owner. Today, however, companies are accountable for outcomes well b...
Guide to Canada Sales Tax
Accounting
Charging the correct Canada sales tax for the goods or services you sell is one of your biggest responsibilities as a small business owner. Because tax legislation ...
IRAP Funding: What You Need to Know
Accounting
Regardless of the economic climate in Canada, starting a new business is always a challenge. Thankfully, there is some recourse available for companies that are ready to...
What is a Cash Flow Statement?
Accounting
Quick Summary
We look at the basics of cash flow statements for small businesses and not-for-profit organizations. We explain why cash flow statements are important f...
3 Common Types of Legal Structure for Businesses
Accounting
Determining your legal structure is an essential first step before you register a new business. The structure you choose will impact everything from how you pay tax...
Why You Should Have Separate Bookkeepers and Year-End Accountants
Bookkeeping
Every business needs a clean, accurate set of books that are (ideally) updated monthly. To achieve that objective, you can either hire a professional bookkeeper or ...
Top Accounting Tools for Amazon Sellers
Technology
Recently, we were confronted with a unique issue. An eCommerce client who sells on Amazon came to us and wanted to stay with Quickbooks Desktop. Typically during the onb...