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Best Invoicing Software for Small Business
Best Invoicing Software for Small Business Setting up small businesses is quite a challenge in itself. Pair it up with the escalating financial challenges, and it’s enough stress for a
How to Do Accounting for Real Estate Business
How to Do Accounting for Real Estate Business Whether you’re handling your accounting in-house or hiring an accounting firm to take care of this critical work, you should be up
How to Do Accounting for Contractors and Construction Businesses
How to Do Accounting for Contractors and Construction Businesses As a contractor or construction professional, you know what to do on the job site. But do you have the same
How to Calculate Overhead for Real Estate Companies
How to Calculate Overhead for Real Estate Companies If you’re new to the real estate business, this guide will give you the expertise you need to calculate overhead with as
How to Set Up Payroll for Your Small Business: Complete Guide
How to Set Up Payroll for Your Small Business: Complete Guide The critical part in setting up your small business payroll is choosing a method. While many organizations have run
What Are Operating Expenses?
What Are Operating Expenses? Every company has a section of the income statement dedicated to “operating expenses.” These costs are critical to a business’s long-term survival and success. For a
Budgeting vs. Forecasting: What’s the Difference between the Two?
Budgeting vs. Forecasting: What’s the Difference between the Two? By RICHARD C. FORD Budgeting and forecasting are critical in planning for the future of a business. While the concepts are
Why is Accounting Important?
Why is Accounting Important? Accounting is essential for businesses because it helps the owners, investors, managers, and stakeholders keep track of the income, cash flow, assets, and liabilities of the
How to Calculate Profit Margin
How to Calculate Profit Margin As a small business owner in Canada, it is important to know the amount of profit your company is bringing in. You may want to
The Best Small-Business Bank Accounts in Canada
The Best Small-Business Bank Accounts in Canada A small business owner in Canada has a unique set of banking needs. You don’t deposit or complete a high volume of transactions,
How to Calculate Net Income
How to Calculate Net Income Calculating net income is a necessary task, whether you’re figuring out your personal budget or trying to determine the health of your company. Calculating net
Bank Reconciliations: Everything You Need to Know
Bank Reconciliations: Everything You Need to Know With so many people falling victim to bank fraud, it’s time to talk about bank reconciliation. Knowing how much money is in your
How to Calculate Retained Earnings
How to Calculate Retained Earnings One crucial part of your accounting is retained earnings, which are a running tally of the profit you’ve held onto since your founding. If you
The Independent Contractor’s Guide to Canadian Taxes
The Independent Contractor’s Guide to Canadian Taxes Being an independent contractor in Canada comes with benefits that traditional jobs don’t typically offer. You can control when you work, how much
How to Calculate Cost of Goods Sold
How to Calculate Cost of Goods Sold Whether you’re running a business or investing in one, the cost of goods sold (COGS) will be a factor to watch. It will
