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Financials on Balance

Financials on Balance

A few months back I talked about the Profit & Loss Statement in a blog about allowable write-offs.  This time around I’m looking to explore the second major statement for many companies – the Balance Sheet. Proprietorships and partnerships are only required...
Fast Away The Old Year Passes

Fast Away The Old Year Passes

I know what you’re thinking… why are we starting a blog in July with a title that is more consistent with the festivities at the end of December?  Well… when we talk about year ends for a corporation, they can occur at the end of any month during the...
The Paper Mountain

The Paper Mountain

This time around I’d like to tackle a topic that is somewhat near and dear to my heart… or at least the heart of my business.  It has to do with the whole topic of paper in business.  Some of this overlaps into our personal world as well. When I talk about...
Allowable Write-offs

Allowable Write-offs

In the big scheme of things, all companies need to concentrate on the bottom line.  This applies to proprietorships, partnerships and corporations.  By “bottom line” we are referring to the net profit or loss on the Earnings Statement or Profit & Loss Statement. ...
Full cycle bookeeping

Full cycle bookeeping

Ask many people what they think bookkeepers do and, as often as not, the reply will be to enter the business numbers into the books, write a bunch of cheques and make bank deposits. Even many business owners and managers think this way.  They’re not wrong but there is...