Back to the blog

Finance

Float Credit Card Review - Virtual Credit Card for Small Businesses in Canada

A thorough review of the Float Financial Visa card. Float card is an excellent choice that offers a flexible and modern credit card and spend management system for small businesses in Canada.

Paul Sharpe, CPA, CA
/
Jun 22, 2022

Financial Statement Basics Every Entrepreneur Should Know

The basics about financial statements that every small business owner should know. We break down the income statement, balance sheet and cash flow statement in easy to understand language and explain why they are important.

Joe Collins, CPA, CA
/
Apr 2, 2019

What Is Receipt Bank and Why Do We Love It?

This article will quickly explain what Receipt Bank is, how it works and the benefits of using it. This isn’t a paid advertisement by any means; we just really like the software!

Paul Sharpe, CPA, CA
/
Feb 28, 2019

What Kind of Financial Statements Do I Need?

We had a client recently ask if we could provide them with “Reviewed” financial statements. They were working on an investment round and were looking to apply as an “EBC” or Eligible Business Corporation. I am aware that means next to nothing to most people, but suffice it to say that it’s a pretty great government program that allows investors to invest money in certain small businesses and get some tax breaks in return. Win-win.

Joe Collins, CPA, CA
/
Apr 24, 2018

Financial Support and Grants for Small Businesses in Canada

There are many government grants and other sources of funding and financial support for small businesses.  It may be a simplistic view, but I like to think of all of these as free money for businesses. This article will describe a few of our favourite free money options.

Paul Sharpe, CPA, CA
/
Sep 30, 2018

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
/
Dec 2, 2020

Changes to Your Small Business Financial Statements

In December 2021 there will be significant changes to year-end financial statements for Canadian small businesses.This article will summarize the important points for business owners to know relating to the upcoming changes.

Paul Sharpe, CPA, CA
/
Dec 9, 2020