Current Bookkeeping News
In a survey, TD Bank asked 508 small-business owners what they loved about owning their own business. Nearly all of the respondents — 96 percent — said they loved having flexibility and a feeling of control. They loved spending time with their customers and serving them.
But bookkeeping? Not so much. Almost half of the owners surveyed said that bookkeeping was their least favorite task. And the more time the business owners spent running their businesses, the more they loathed the task — 58 percent of business owners working 60 or more hours a week said that bookkeeping was particularly draining. Handling finances, banking and marketing were also unpopular items on the to-do list of many small-business owners.
The survey didn’t delve into the reasons why bookkeeping tasks gets no love, but I can fill in some of the blanks from past experience.
- Bookkeeping can be hard. Unless you have an accounting degree, you won’t automatically know the first thing about basic accounting practices. You have to learn it.
- Bookkeeping usually isn’t fun. It’s all about cold hard facts — the truth. When you see your business expenses racking up and little income trickling in, it can hurt.
- Bookkeeping can be very time-consuming (especially if you’re new at it.)
- With bookkeeping, it’s easy to make mistakes, and mistakes can be costly.
Getting Familiar with Month End Reports
Bookkeeping is cyclical. Year in and year out, the cycle is continual and this is why the responsibility placed on bookkeepers and accountants is so important. Just as every business has its fiscal year and quarterly reports, the numbers team has its own reporting to...
uLaw for Bookkeepers who have/want clients in the Legal Profession
uLaw is a Canadian, cloud based, integrated legal practice management, general accounting and trust accounting, system accessible anywhere, anytime from any device. Simplified accounting, built in Law Society guidelines, automated court forms and powerful analytics...
Creating an Audit Trail
By Adam Bajan If you remember anything from the 1996 film ‘Jerry Maguire’ it’s probably the infamous Cuba Gooding “Show me the money!” line. The line might just as easily have been said about bookkeeping because keeping an accurate financial trail of transactions is a...
Bookkeeping & Accounting: More Different Than You Think
Jacquie Johnston, a professional bookkeeper with more than 30 years of experience in the field shares her insights on the bookkeeping profession for those considering starting out in the industry. Jacquie is a vice-president of the Canadian Bookkeepers Association, a...
Technology & Bookkeeping: How Up to Date Do You Need to Be?
Jacquie Johnston, a professional bookkeeper with more than 30 years of experience in the field shares her insights on the bookkeeping profession for those considering starting out in the industry. Jacquie is a vice-president of the Canadian Bookkeepers Association, a...
So You Want to be a Bookkeeper?
Jacquie Johnston, a professional bookkeeper with more than 30 years of experience in the field shares her insights on the bookkeeping profession for those considering starting out in the industry. Jacquie is a vice-president of the Canadian Bookkeepers Association, a...
ASP Today
Electronic Payment Resource For Accounting Professionals How to Survive the Tax Season Brace yourselves; tax season is almost in full swing. We can almost hear the eye rolls from our ASP partners who are all thinking “like I need a reminder about tax season, the pile...
Excel Tips and Tricks
From Sage: How to change the case of consistent text in Excel using Flash Fill by Excel Tips on Dec 2, 2015 in Excel Tips & Tricks Manipulating data in Microsoft® Excel® may involve changing the text case from lower to upper case. Luckily, there is an easier way...
Current Bookkeeping News
In a survey, TD Bank asked 508 small-business owners what they loved about owning their own business. Nearly all of the respondents -- 96 percent -- said they loved having flexibility and a feeling of control. They loved spending time with their customers and serving...
Resource Webinars
Set Up & Installation with Telpay Attend this 30 minute welcome webinar for a high level introduction to the Telpay software. Webinar Dates: December 3 and December 10 Payroll Receive in depth training on payroll features and benefits in your Telpay software....