Manage your finances and streamline your bookkeeping, so you’re spending less time on paperwork and more time running your business. Be ready for tax time, too!
What exactly is accounting?
If you look at online reviews lately, the term "accounting software" gets applied to anything capable of adding two numbers together. So expense trackers, invoicing applications and other lightweight software in the cloud get lumped in with real, double entry accounting applications like Wave. It drives me nuts.
Few words strike fear into an entrepreneur's heart more so than the word audit. Many of us dread the day we get that letter, phone call, or (even worse) surprise visit from a representative of the CRA or IRS. Thankfully, here are five things you can do to greatly reduce your chance of receiving one of these impromptu visits.