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Bookkeeping

Bookkeeping Tips for Small Businesses

Bookkeeping is a huge part of understanding the finances of your business. Bookkeeping isn't easy either, and that's why we provide as much free, useful information as possible on our blog here.

Check out our bookkeeping articles, from in-depth bookkeeping guides to tips and tricks to make your bookkeeping easier. If you are interested in bookkeeping services, please check out our bookkeeping services page or reach out and we'll chat with you to see how we can help!

Our Top Ten Xero Bookkeeping Tips

We have spent a lot of time testing out various accounting software applications, and Xero is our software of choice when working with small to medium-sized businesses. Let’s take a look at our top Xero bookkeeping tips that will help you out regardless of whether you’re just getting started in Xero, or if you’ve been using it for years.

Paul Sharpe, CPA, CA
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Apr 8, 2018

What Are Bookkeeping Services?

Let’s have a look at what a bookkeeping service is and how it’s different from just hiring someone to enter transactions into a computer. We’ll explain what exactly a bookkeeping service does and how it benefits your business.

Paul Sharpe, CPA, CA
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Apr 17, 2019

Tips for Collecting Accounts Receivable

Having trouble with customers withholding payment, or just not getting back to you? It's a big problem with accounts receivable, and you're not alone in this struggle. Here's how to approach the situation, and how to prevent it in the future.

Joe Collins, CPA, CA
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May 31, 2021

How to Keep Receipts Organized for a Small Business

At best it’s a tedious task, and at worst it’s your financial stress realized into piles of loose paper strewn from your desk to the car.

Paul Sharpe, CPA, CA
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Jun 4, 2020

Bookkeeping Basics 101: Tips You Can't Ignore

We’ve distilled down our best bookkeeping advice into bookkeeping basics 101 — bookkeeping tips you can’t ignore. Take five minutes to read through the seven most important bookkeeping lessons we’ve come across, or ignore at your peril.

Paul Sharpe, CPA, CA
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Jan 26, 2020

How to Get Your PayPal Feed to Balance in Xero

Here’s our step-by-step guide on how to get your Paypal feed balanced by including historical transactions.

Kate Poland
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Apr 10, 2021

Why Small Business Bookkeeping is Important

In this article, we’re going to focus on an often overlooked aspect of growing a business; we’ll talk about the important role that bookkeeping plays in successful small businesses. We will explain why bookkeeping is important and how you can use accurate financial data to increase your profits.

Paul Sharpe, CPA, CA
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Jan 13, 2020

What's a Bank Reconciliation?

What’s a bank reconciliation and why is it important? We’ll cover these and why the bank might not reconcile in Xero and how to figure out what went wrong.

Laura Waugh
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Dec 2, 2020

Xero Bank Feeds and Multiple Financial Institutions

So you’ve paid for your Xero subscription and now it is time to get up and running. You start with the bank feeds and instantly hit panic mode – am I going to have to move my TD banking over to RBC so that my feeds work in Xero? The short answer – NO! Here’s how to set up bank feeds from multiple institutions in Xero.

Kayla Lee
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Dec 3, 2020

The Most Commonly Missed Small Business Tax Deductions in Canada

Don't miss out on any of the small business tax deductions in Canada that can save your business money.

Joe Collins, CPA, CA
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Feb 25, 2020