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Accounting

Xero Vs. QuickBooks Online: Which Is Better For Your Canadian Business

Xero or QBO? If your small business is looking for full-featured, cloud-based accounting software, there is a good chance that you will be choosing between Xero and QuickBooks Online (QBO). This article will provide a high-level comparison of the two options.

Paul Sharpe, CPA, CA
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Nov 13, 2018

Accounting Reports Every Small Business Owner Should Get

These are the accounting reports every business owner should be receiving to successfully manage their business. We outline what they are, how frequently you should be receiving them, what they mean and what decision they can help with.

Joe Collins, CPA, CA
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May 16, 2019

When should you hire an accountant for your small business?

Discover how hiring an accountant can benefit your small business at every stage. From planning to growth strategies, maximize your success with expert accounting services.

Paul Sharpe, CPA, CA
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Feb 20, 2019

What Accounting System Should I Use?

Learn about some different system solutions to keep track of your bookkeeping and accounting.

Joe Collins, CPA, CA
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Oct 29, 2018

Year End Accounting Checklist: 8 Steps to Get Your Books Ready for End of Year

Getting your bookkeeping ready to send to the year-end accountant can be daunting. Luckily we’ve put together an easy to follow checklist that you can follow to get your books ready for the year end. Your accountant will be thrilled!

Paul Sharpe, CPA, CA
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Jun 30, 2022

How Much Will Bookkeeping and Accounting Cost for My Small Business?

How much do bookkeepers and accountants charge for their services? This article will provide information on the traditional hourly billing method as well as how we price our services here at Avalon.

Paul Sharpe, CPA, CA
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Sep 25, 2023

Online Accountants In Canada: Who Are They and How Are They Different?

This guide will explain how online accountants are different from traditional, bricks and mortar accounting firms. It will also list and compare some of the well known online accounting firms in Canada.

Paul Sharpe, CPA, CA
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Mar 18, 2019

What is a Chart of Accounts?

If you’ve made it to this page, I’m sure many of you are often wondering…"What is a Chart of Accounts?" and "What do the account numbers even mean?" Well fret not, because today is your lucky day! Let me be your guide in this mysterious land.

Paul Sharpe, CPA, CA
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Nov 30, 2020

New Financial Statement Compilation Engagement Standards (CSRS 4200)

Coming soon (December 2021), your Notice to Reader financial statements will undergo some pretty significant changes. This article will explain those changes and what it means to you as a business owner.

Melissa Gayfer, CPA
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Nov 24, 2020

Why You Should Never Get a Surprise Bill from Your Accountant

If your accountant is invested in your success, and by your side for the whole business journey, you should never get a surprise bill you didn’t see coming. Here's how to avoid unexpected bills from your current, or future accountant.

Joe Collins, CPA, CA
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Jun 14, 2021