Category Bookkeeping

Saga of the Road Warrior

Saga of the Road Warrior
Being in business often means traveling for one reason or another. Outside salesmen often do extreme amounts of travelling. So do service reps, on-site support staff, taxi drivers and career truck drivers. The list goes on.

Trust Issues

Trust Issues
Interesting this whole business of “trust”. I’m pretty sure we’re all familiar with trust as it applies to us on a personal level. We trust each other. We place our trust in certain things, events, processes and institutions.

Let’s Get Started

Let's get started
We’ve all either done it or know of someone who has. By this I mean starting a new business. Some have gotten into the game by buying or taking over an existing business or by buying into a franchise. Yet others have started it from scratch bringing nothing more than a skill set and, hopefully, a business plan.

That Payroll Thing

That Payroll Thing

In a world where everything is provided for us, there would be no need to go out and work.  It sounds rather utopian – kind of like a “Garden of Eden” or “Shangri La” scenario or something similar.  As this…

From Our Point of View

New Client Interview
In our business here at Fiscal Performance we see and work with many different types and sizes of companies and businesses. That’s the nature of the business when you are a freelance/contract bookkeeper or a bookkeeping firm.

Financials on Balance

Financials on Balance
Proprietorships and partnerships are only required by law to produce a Profit & Loss Statement. As mentioned, the bottom line is added to and impacts the personal income of the owner or owners. This in turn affects the taxes that they will ultimately pay. Corporations, however, must also submit a Balance Sheet to Revenue Canada at the end of the fiscal year.

Fast Away The Old Year Passes

Year ends, when it comes to the financial side of a business, represent a time of year when all the numbers need to be tidied up, consolidated, agreed to by management, and presented to the accountant for tax filing with Revenue Canada.