Category: Bookkeeping

Bookkeeping tips.

A Guide to Register My Account & My Business Account in Canada Revenue Agency (CRA)

02/09/202302/09/2023 cpb No Comments

CRA announced that beginning in 2023, they will only provide Electronic Notice of Assessments and Reassessments for taxpayers. NO more mailing letters will be sent to your home but instead, they will just send a notification to your email, if any new updates is ready for you to view in My Account on the CRA…

Bookkeeping, Update

You should know these latest Excel features—and the time they save

10/25/202202/01/2023 cpb No Comments

Microsoft Excel has gone through a number of changes over the years. The most impactful changes have been around improvements Microsoft made to the cloud-based version that launched with Office 365,  At launch it was bare bones functionality. There have been a lot of improvements since then, allowing users to collaborate more efficiently and bringing it…

Bookkeeping, Update

How to cancel Quickbooks

10/22/202210/22/2022 cpb No Comments

Quickbooks, developed and owned by Intuit, is one of the most popular small business accounting apps available. We also recommend this software before. Millions of small businesses use Quickbooks in across the US and Canada, but that doesn’t mean they’re all happy. In fact, quite a few have already cancelled. And if you’re thinking similar…

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Bookkeeping, Technology

BC Sick Days: What you need to know

04/13/202204/15/2022 cpb No Comments

On November 24, 2021, the British Columbia government announced that as of January 1, 2022, all employees who fall under the Employment Standards Act will be entitled to 5 employer-paid sick days per year. Which employees are eligible?The paid sick leave provision applies to all employees covered by the Employment Standards Act, including part-time, temporary,…

Bookkeeping

Crypto (Bitcoin) Friendly Banks in US, Canada

01/28/202202/21/2022 cpb No Comments

BankProv BankProv is one of the best crypto-friendly banks that offers full-service USD banking products for crypto natives and related businesses. The 10th oldest bank in the US, BankProv recently entered into the crypto space and offers fully-insured USD backing solutions for crypto businesses, custom API banking solutions, secure cash vault services for BTM operators, and…

Bookkeeping

Why I Choose Waveapps

09/07/202003/24/2024 cpb 3 Comments

Most of my clients will ask me a question: which software I should pick up, Quickbooks, Sage or Excel? But my answer is why not try Waveapps.

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Bookkeeping, Business

How to Download and Use ERPNext on VirtualBox: A Step-by-Step Guide

06/10/202005/25/2023 cpb No Comments

Learn how to download and run ERPNext on VirtualBox by importing an .ova file. Access the site with ERPNext installed and follow the upgrade steps.

Bookkeeping, Technology

Want to close corporation, what you should know.

06/10/202003/31/2022 cpb No Comments

If you want to close your corp, usually people are told to pay a lawyer to shut it down. While I usually suggest using professionals such as professional bookkeeper, this is one of those times where you don’t have to at all.So if you want to DIY this, you do two things: Don’t file your…

Bookkeeping

Advantages of business outsourcing and bookkeeping

06/10/202003/06/2022 cpb No Comments

In Canada, more and more SMEs are finding that as energy, raw material and labor prices rise, so do the costs of doing business. Profits have become increasingly difficult as businesses find it difficult to navigate tough economic times. For the development of the enterprise, as a small and medium-sized enterprise owner, you will naturally…

Bookkeeping

How to know if your bookkeepers did good jobs

06/10/202002/26/2022 cpb No Comments

Your bookkeeper is an integral part of your team. You need to have confidence in their abilities and trust that they are getting the job done correctly. The fact that you have hired a bookkeeper may indicate that this is an area of business that you are not used to dealing with yourself. If so,…

Bookkeeping, Business, Tax Tips