Bookkeeping Vs. Accounting: Determining Which Service You Need
It’s difficult for most people to identify the prominent differences between bookkeeping and accounting. The two have common objectives and goals and work with financial data, use accounting...
Cash Basis Accounting Vs. Accrual Accounting
The difference between accrual and cash accounting is the timing of when sales and purchases are recorded in your books. Accrual accounting recognizes revenue when it is earned and expenses when...
How Bookkeepers Can Help Your Business
Bookkeepers have different duties depending on the business needs of them. Most use accounting software to do their work nowadays. While the role of a bookkeeper is ever-changing, there are some...
Filing Taxes Late In Canada: What Are The Penalties?
Although most of us make it a point to do everything possible to file our taxes on time, sometimes there can be an unexpected delay due to any personal situation resulting in you missing your tax...