If you're looking for an efficient way to track your company's expenses, then this is the right article for you! Accounts payable is an accounting term that refers to money owed by a company or individual to suppliers or others who have done business w ...
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If you don't know your accounts receivable process inside and out, it doesn't matter how good a salesperson you are. You can be on top of your game day in and day out, but until you figure out how to manage the process that comes after the sale, and th ...
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“To invent your own life’s meaning is not easy, but it’s still allowed, and I think you’ll be happier for the trouble.” – Bill Watterson. Stephen Sun was the first person to tell me about this quote. Like many others, he found this quote resonated with ...
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“You are braver than you believe, stronger than you seem, and smarter than you think” said English author A. A. Milne. With this quote in mind, Olivia adds that you may already be well on your way to becoming person you always wanted to be. Due to set ...
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“Either you run the day or the day runs you" - entrepreneur Jim Rohn. Ling Xue is a bookkeeper, if you hadn't guessed. Although she originally studied food engineering in university, her career has taken a turn. With her CPA designation in hand, she no ...
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Have you ever wondered what makes businesses and the people behind them successful? At Elevate, we help dozens of businesses every day, and can share some insight into what drives them to be successful. Many Elevate cloud-bookkeepers and managers were ...
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Accounting is the language of business. So, to speak it can open many doors. However, it seems that most people know just enough to get by — but not enough to thrive. To help you better understand the world of accounting, we've compiled this guide to a ...
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Local bookkeepers are typically recommended because of their proximity, as they are in the same city and can come to your office or home for a meeting. That being said, the advent of remote bookkeeping and cloud-based services has made it easier than e ...
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What is a bank reconciliation? In a nutshell: the accounting records on your company’s books and the figures on your bank statement should match up, but if they do not then this is what triggers the need for a bank reconciliation. The process of comple ...
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Accounting across borders can be challenging, but also full of opportunities. It’s especially true now with the increased globalization of commerce and the shifting financial landscape. In this post we present twelve opportunities – and sevenchallenges ...
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"How bookkeeping works" is a common question asked by business owners and those who need to understand how accounting works. Double-entry bookkeeping is the most common form of bookkeeping because of the way it tracks money in an organization - and it ...
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So, you invested in crypto. By most accounts, you are not alone. And while this is a hot topic, many people still don't fully understand and grasp the consequences of investing in cryptocurrencies. The guides on Reddit and the internet just don't expla ...
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In this series of posts, we will explore core bookkeeping and accounting concepts. Have you ever wondered who invented the double-entry system of bookkeeping? Do you want to know how to keep track of your finances and expenses? How to set up your bookk ...
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It’s no secret that the future of business is changing. What might not be as well known is how quickly new technologies and regulations in Canada are impacting accounting and bookkeeping services. Accountants and bookkeepers need to be on the cutting e ...
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"If you can dream it you can do it." Tom Fitzgerald coined this, not Walt Disney. Accounting & Bookkeeping is not a fairy-tale story. It's a profession that involves numbers that have real-world implications, for me, this is what makes it interesti ...
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“Life moves pretty fast. If you don't stop and look around once in a while, you could miss it”, says Melanie, quoting Ferris Bueller. Why is this such a great quote? It takes a sombre look at life and reminds us that we never know what will happen tomo ...
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“If you are going through hell, keep going”, said Winston Churchill. The same mantra applies to bookkeeping, says Anita Nadeau. “You have to keep going, you have to stay focused on the big picture”, she adds. This inspirational quote has led her to pur ...
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Change is constant in our ever-evolving world, but one thing is for sure: women around the world are making their voices heard, stepping up, and leading the change. Caroline Proulx, Onboarding Manager at Elevate by Welch, is one of these outstanding wo ...
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The International Film Festival of Ottawa in its first year, brought film and filmmakers together for a few days in March to celebrate and explore the art, craft, and social impact of cinema. The art & science of filmmaking has exploded in populari ...
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Caroline Proulx, Onboarding Manager at Elevate by Welch , is a compassionate leader and is always eager to support her community. With the aim to support both families in need as well as local businesses, Caroline organized the Meals that Heal campaign ...
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COVID-19 and working from home. Some feel strongly about it, others not so much. The CRA has released guidance on the home office expenses deduction that employees may claim on their 2020 personal income tax return (T1) because of the COVID-19 pandemic ...
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Were you eligible for the 10% Temporary Wage Subsidy and you accounted for it during 2020? If you did and you have a payroll account with the Canada Revenue Agency, you have to complete and submit Form PD27. As an employer, filing your TWS information ...
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Running a business is hard enough. You need to replace yourself everywhere. Have you given thought to outsourcing your bookkeeping? Find out why - and how it can actually save you time & money.
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