How to Uncover Employee Fraud

How to Uncover Employee Fraud

How to Uncover Employee Fraud   Small business owners lose hundreds of thousands of dollars each year due to embezzlement and employee fraud. SMB accounting adviser Esther Friedberg Karp shows how to spot the danger signs and avoid being taken to the cleaners. A former bookkeeper of a Sussex N.B. corner drugstore lands in jail […]

A new breed of Accountants in Canada

A new breed of Accountants in Canada

January 4, 2013…We are pleased to announce that Chartered Professional Accountants of Canada (CPA Canada) has been established under the Canada Not-for-profit Corporations Act, effective January 1, 2013. As Canada’s newest national accounting body, CPA Canada will support provincial accounting bodies that have unified, and all those that will unify, under the banner of Chartered […]

Bookkeeping Systems – 5 Essential Components

Bookkeeping Systems – 5 Essential Components

Bookkeeping Systems: 5 Essential Components The Proper Foundation Five components are essential in designing the proper accounting system for your home based business. These components form the foundation upon which you will make informed business decisions. They are your: Filing System:  so you can lay your hands on documents when you need them Transactional Recording System: […]

File Organization – A Portable Document Filing System

File Organization – A Portable Document Filing System

File Organization – A Portable Document Filing System File organization is key to running your business efficiently and ensuring you get all the tax deductions you are entitled to. This portable document filing system is perfect for you, if you operate a part of your business from your vehicle. Incorporate it into your home office […]

Record Retention Guidelines – Record Keeping in Canada

Record Retention Guidelines – Record Keeping in Canada

Record Retention Guidelines: Books and record retention requirements are important to your business because the records are used in determining your tax liabilities. YOU are responsible and bear the burden of proof in a tax audit … even if you hired a bookkeeper to do your books and a tax professional to prepare your return. […]

How to Get Your Office Organized – Simple Filing System Suggestions

How to Get Your Office Organized – Simple Filing System Suggestions

How to Get Your Office Organized: Simple Filing System Suggestions What is the best recordkeeping system for a small business to get and stay organized … so you can get rid of those drawers of stashed receipts? Are you looking for a bookkeeping filing system for your business receipts? Your entire accounting system – from […]

What Does a CFO Do?

What Does a CFO Do?

What Does a CFO Do? For many privately held businesses, the decision to hire a chief financial officer (CFO) is often a difficult decision.  Beyond the issue of whether the company can afford a high-caliber financial professional, many business owners are often confused over just what it is that a CFO does or should do.  […]

The Controller's Role (The Finance Controller Career Profile)

The Controller's Role (The Finance Controller Career Profile)

The Controller’s Role Finance controllers, also known as financial managers, or in some cases Chief Financial Officer, are the primary managers of all aspects of organizations. These are senior executives, usually specialists in the financial functions of their organizations. The Work Environment Finance controllers operate at management level, both in terms of their organization as […]

How to Prevent Internal Fraud: Dividing Staff Responsibilities

How to Prevent Internal Fraud: Dividing Staff Responsibilities

How to Prevent Internal Fraud: Dividing Staff Responsibilities Your primary protection against internal fraud in your business is properly dividing staff responsibilities when the flow of business cash is involved. Many business people start their operations by carefully hiring people they think they can trust. Unfortunately, those who have learned the truth are the ones […]

What is the Difference Between a Bookeeper and an Accountant?

What is the Difference Between a Bookeeper and an Accountant?

What is the Difference Between a Bookeeper and an Accountant? Bookkeeping is a task oriented function that routinely and systematically records the organisation’s day-to-day financial transactions. Accounting is more results oriented than bookkeeping in that it is involved more with the interpretation and use of accounting information than with its actual preparation. Definition of Accounting […]

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How to plan for seasonal variances in your cash flow

Have you noticed unexpected seasonal variances in your company’s cash flow? If your business is seasonally-based (a lawn care or snow removal company, for example), it’s normal for your cash flow to vary depending on the time of year. Unfortunately, many companies who shouldn’t be affected by the seasons still experience peaks and valleys in […]

Organizational growth and restructuring: Is your business ready to take the next steps?

Are you planning to take your business to the next level? Before you start growing your company, you need to ensure that your organizational structure is prepped for this major shift. Don’t just jump in head first – make sure you follow our key prep tips to keep your growth sustainable and successful.   3 […]

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