Category: Accounting

How Much Cash is Enough for Your Business?

Ever wonder how much cash your business needs to keep on hand? Every business needs cash and most want more of it, but when it comes to cash how do you know when enough is enough?  Conventional wisdom says (otherwise known as “they say”) that you should have the cash equivalent of 3 to 6 […]
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What You Need To Know About This Year’s T2200 Forms

As the nation prepares for tax filing season, businesses are scrambling to keep up with all the reporting requirements including T2200 forms. T2200s are forms that are applicable when employees are required to pay their own expenses while carrying out the duties of employment. The information we are sharing on this is based on our […]
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3 Tips for Calculating SaaS Metrics

When it comes to measuring the financial performance of your SaaS startup you need to learn how to calculate SaaS Metrics. SaaS Metrics generally do a more effective job at measuring your business performance than traditional financial statements given the unique nature of the business model itself.  Why is this? SaaS businesses face significant losses in the […]
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3 Tips to Measure Your Financial Performance Against Your Plan

You can’t manage what you don’t measure, right? When it comes to improving your financial performance the best advice I can give business owners is to numerate your strategic plan and then measure how you are doing against it.  What does that look like? Generally speaking it is laying out a monthly view to your revenues, expenses, […]
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3 Tips for Evaluating Accounting Firm Options

In the third instalment of our Q&A series with our Co-Founder Susan Richards, FCPA, FCMA, we asked her about what companies should look for when deciding on what accounting firm to use. What are 3 tips you would give to a company evaluating accounting firm options?  Having strong professional advisors is key factor to building […]
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