Cash is the number one limiter of growth for most businesses. The bigger you grow the more cash your business needs to buy inventory, pay staff, develop intellectual property and provide credit terms to your customers. A cash flow crunch can force a profitable company to halt its growth or even become insolvent. A few …
Author Archives: The Titanium Team
05
Feb
Feb
So, you’re thinking about using QuickBooks as your accounting system but are confused whether to go Quick Online QBO and QuickBooks Desktop QBD. You may want to consider the following questions when deciding Quickbooks Desktop vs. Quickbooks online.
Who: Who is going to be doing your books? Are you going to do them yourself or …
20
Dec
Dec
Incorporation vs Sole Proprietor – have you been struggling with the decision on which type of company is right for your company? Check out our attached guide to some of the nuances between Corporations and Sole Proprietors.
Organization differences between Incorporation vs Sole Proprietor
A sole proprietor is the simplest business organization. You can still …
10
Dec
Dec
Bookkeeping is the process of recording the transactions ie. the ins and outs of your business. Great books – those that are accurate and complete bookkeeping provide better decision making for your business. The vast majority of your bookkeeping bill comes from Volume, Complexity and Errors all of which can be reduced to save money …
14
Nov
Nov
How can I catch any bookkeeping errors I make when I’m doing it myself?
You’ve decided to take on your own bookkeeping. Maybe it’s to help you stay on top of your numbers or because you’re still deciding what outsourced finance solutions are right for your business. Whatever the reason, daily bookkeeping is no easy …
01
Nov
Nov
Number 1 on the list of 10 Business Secrets I wish everyone knew
Our 10 Business Secrets starts off with: A business is not what you do, what you own or what you sell. A business is culture – a set of common beliefs that bind people around an objective or goal. Your employees take …
20
Oct
Oct
The modern bookkeeper is a strategic partner critical to your operation and is responsible for much more than record keeping.
Bookkeeping is responsible for Compliance – that is the work to satisfy government requirements such as payroll calculations & remittances, WSIB compliance and HST filing. Compliance is a hidden cost center when not properly done. …
02
Oct
Oct
Many people have an outdated view of bookkeeping. Most imagine a scene out of A Christmas Carol or Gringotts’s Bank where a goblin is bent over an enormous ledger making minute entries. When I took accounting in high school, we were still taught the ledger method. Luckily, technology has replaced paper and eliminated a lot …
20
Sep
Sep
How do I avoid audit triggers? Why do businesses get audited?
If you’ve ever been audited, you know that it’s a very unpleasant surprise. It’s a stressful process that can drain you of time and money you can’t afford to spend. But what if who the CRA chooses to audit isn’t actually a surprise?
The …
07
Sep
Sep
The very best business owners know how to delegate, but you’re still uncertain if it’s the right time to bring in an outsourced accounting team for your growing company. Whatever stage of business you’re in, whether you’re starting up or scaling up, all small & medium sized businesses should invest in outsourced accounting.
The truth …