Blog | LedgersOnline https://www.ledgersonline.com/blog/ Tax-Ready Books Year-Around Fri, 27 Sep 2024 17:29:44 +0000 en-CA hourly 1 https://wordpress.org/?v=6.6.2 https://www.ledgersonline.com/wp-content/uploads/2023/12/cropped-lol-logo-black-white-32x32.webp Blog | LedgersOnline https://www.ledgersonline.com/blog/ 32 32 What Kind of Records Should I Keep? A Guide for Canadian Small Business Owners https://www.ledgersonline.com/blog/what-kind-of-records-should-i-keep-a-guide-for-canadian-small-business-owners/ https://www.ledgersonline.com/blog/what-kind-of-records-should-i-keep-a-guide-for-canadian-small-business-owners/#respond Fri, 27 Sep 2024 17:29:44 +0000 https://www.ledgersonline.com/?p=16160 Keeping accurate records is not just important for Canadian SMEs, it is also required to remain compliant with the Canada Revenue Agency, file your year…

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]]> https://www.ledgersonline.com/blog/what-kind-of-records-should-i-keep-a-guide-for-canadian-small-business-owners/feed/ 0 Can Your Secretary or Admin Assistant Handle Your Bookkeeping? https://www.ledgersonline.com/blog/can-your-secretary-or-admin-assistant-handle-your-bookkeeping/ https://www.ledgersonline.com/blog/can-your-secretary-or-admin-assistant-handle-your-bookkeeping/#respond Fri, 20 Sep 2024 17:53:27 +0000 https://www.ledgersonline.com/?p=15774 Let’s be real—many Canadian small businesses are trying to juggle bookkeeping with other administrative tasks. But can your secretary or admin assistant really manage it…

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]]> https://www.ledgersonline.com/blog/can-your-secretary-or-admin-assistant-handle-your-bookkeeping/feed/ 0 What is a Profit and Loss (P&L) Statement? A Simple Guide for Business Owners https://www.ledgersonline.com/blog/what-is-a-profit-and-loss-pl-statement-a-simple-guide-for-business-owners/ https://www.ledgersonline.com/blog/what-is-a-profit-and-loss-pl-statement-a-simple-guide-for-business-owners/#respond Tue, 17 Sep 2024 21:25:59 +0000 https://www.ledgersonline.com/?p=15770 If you’ve ever wondered, “Am I making enough money to cover my costs and grow?”—you’re not alone. It is common for business owners to get…

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]]> https://www.ledgersonline.com/blog/what-is-a-profit-and-loss-pl-statement-a-simple-guide-for-business-owners/feed/ 0 What’s the Difference Between Bookkeeping and Accounting? https://www.ledgersonline.com/blog/whats-the-difference-between-bookkeeping-and-accounting/ https://www.ledgersonline.com/blog/whats-the-difference-between-bookkeeping-and-accounting/#respond Wed, 11 Sep 2024 21:15:35 +0000 https://www.ledgersonline.com/?p=15748 Understanding the difference between bookkeeping and accounting is important to help small business owners decide how to hire a financial professional to manage your financial…

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]]> https://www.ledgersonline.com/blog/whats-the-difference-between-bookkeeping-and-accounting/feed/ 0 8 Signs Your Business Needs Catch Up Bookkeeping https://www.ledgersonline.com/blog/8-signs-your-business-needs-catch-up-bookkeeping/ https://www.ledgersonline.com/blog/8-signs-your-business-needs-catch-up-bookkeeping/#respond Tue, 03 Sep 2024 18:25:16 +0000 https://www.ledgersonline.com/?p=15650 As a small business owner, you’re deeply invested in your business’s growth and success. With so much on the line, staying on top of your…

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]]> https://www.ledgersonline.com/blog/8-signs-your-business-needs-catch-up-bookkeeping/feed/ 0 The Top 5 Canadian Tax Deductions Small Businesses Often Miss https://www.ledgersonline.com/blog/the-top-5-canadian-tax-deductions-small-businesses-often-miss/ https://www.ledgersonline.com/blog/the-top-5-canadian-tax-deductions-small-businesses-often-miss/#respond Thu, 15 Aug 2024 17:35:05 +0000 https://www.ledgersonline.com/?p=15343 As any small business owner knows, every dollar counts when it comes to making an impact on your bottom line. You don’t want to accidentally…

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]]> https://www.ledgersonline.com/blog/the-top-5-canadian-tax-deductions-small-businesses-often-miss/feed/ 0 How to Get a Business License in Canada: Timing, Importance, and the Role of Accurate Bookkeeping https://www.ledgersonline.com/blog/how-to-get-a-business-license-in-canada-timing-importance-and-the-role-of-accurate-bookkeeping/ https://www.ledgersonline.com/blog/how-to-get-a-business-license-in-canada-timing-importance-and-the-role-of-accurate-bookkeeping/#respond Wed, 31 Jul 2024 16:42:59 +0000 https://www.ledgersonline.com/?p=15262 Starting a business is a dream for many Canadians, but setting it up involves several crucial steps, one of which is obtaining a business license.…

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]]> https://www.ledgersonline.com/blog/how-to-get-a-business-license-in-canada-timing-importance-and-the-role-of-accurate-bookkeeping/feed/ 0 Why Small Businesses Need a Bookkeeper or Bookkeeping Service https://www.ledgersonline.com/blog/why-small-businesses-need-a-bookkeeper-or-bookkeeping-service/ https://www.ledgersonline.com/blog/why-small-businesses-need-a-bookkeeper-or-bookkeeping-service/#respond Fri, 12 Jul 2024 18:07:31 +0000 https://www.ledgersonline.com/?p=15256 Running a small business is not for the faint of heart. There is an endless to-do list to keep your business operating profitably, from managing…

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]]> https://www.ledgersonline.com/blog/why-small-businesses-need-a-bookkeeper-or-bookkeeping-service/feed/ 0 Marginal Cost vs Marginal Revenue: The differences, how to calculate them and are real-world examples of their importance. https://www.ledgersonline.com/blog/marginal-cost-vs-marginal-revenue-the-differences-how-to-calculate-them-and-are-real-world-examples-of-their-importance/ https://www.ledgersonline.com/blog/marginal-cost-vs-marginal-revenue-the-differences-how-to-calculate-them-and-are-real-world-examples-of-their-importance/#respond Thu, 04 Jul 2024 22:44:45 +0000 https://www.ledgersonline.com/?p=15232 You’re a business owner, not a mathematician, but chances are, your business is growing, and you are contemplating producing more products. Understanding marginal cost and…

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]]> https://www.ledgersonline.com/blog/marginal-cost-vs-marginal-revenue-the-differences-how-to-calculate-them-and-are-real-world-examples-of-their-importance/feed/ 0 10 Simple Bookkeeping Tips For Restaurant Owners https://www.ledgersonline.com/blog/10-simple-bookkeeping-tips-for-restaurant-owners/ https://www.ledgersonline.com/blog/10-simple-bookkeeping-tips-for-restaurant-owners/#respond Fri, 28 Jun 2024 22:35:48 +0000 https://www.ledgersonline.com/?p=15229 Running a restaurant is no easy task. From managing inventory and staff to ensuring your customers feel relaxed and comfortable, the demands on restaurant owners…

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