Bookkeeping and Accounting Advice Blog London Ontario

Working with small businesses, the one refrain I hear over and over from my clients is “How do I stay organized? I have paperwork everywhere!” This is a challenge for all of us. As your business grows, there are more demands placed on your time, and without a solid system for staying organized it’s easy to let the receipts, invoices and statements pile up. These are some suggestions I have for keeping your bookkeeping paperwork in order: Go to your... View Article

On June 1, 2014 the minimum wage in Ontario will increase to $11.00 per hour for most employees. http://www.labour.gov.on.ca/english/es/pubs/guide/minwage.php  This change is going to have an impact on both Ontario businesses and wage earners. If you are a small business owner make sure you have all the facts ahead of time.   DEFINITIONS General Minimum Wage – this rate applies to most employees Student Wage – This rate applies to students under the age of 18 who work 28 hours... View Article

One thing I love the most about the New Year is that it’s a chance to start over and get things right this time. This is how you should look at your small business bookkeeping.  Who cares if last year you got so your have a chance to do things differently.   Here are some hints and tips to start the New Year off right: Create a good filing system.  Take the time to file away the old and make... View Article

How many times have you sat in your office, scanning a news website or (gasp) checking your Facebook because you have a meeting in 15 minutes and there is no point in starting something new?  A big part of time management is learning to organize your time more effectively. One helpful tip is to schedule your meetings for first thing in the morning, or for directly after lunch, so that you don’t have gaps in your schedule.  If you start... View Article

Do you want improved focus and concentration?  Do you want to avoid burnout?  Do you want to get the most out of every waking moment of your day? The answer is simple:  Maintain a healthy lifestyle.  Don’t skip meals because you are too busy.  Get moving, walk the dog, go to the gym, play a sport, meet a friend for a coffee.  Maintain your physical and emotional health as well as the health of your business. You can’t consistently stay... View Article

We’ve all been asked this job interview question:  “What’s more important, Quality or Quantity?quality or quantity?”  It seems like a no brainer, quality is definitely more important, right? In reality, doing everything perfectly while taking twice as long as everyone else is a guaranteed, one-way ticket to unemployment.  Quality is number one, but efficiency is also very important.  The key is to increase your efficiency while maintaining that high standard of quality in everything you do. The time of day... View Article

Taking on too much is the downfall of highly motivated people.  The voice in our Learn to say NOheads just won’t shut up:  “No one can do it as well as you can.” It’s the battle of the clichés:  Round One:  “If you want something done right, do it yourself” VS. “You can’t do it all.” While it is tempting to try to do everything yourself, eventually you will find that you are getting much less done than you intended. ... View Article

To understand the importance of To Do Lists we need to look at ways that poor An Absolute MUSTtime management affects our day to day lives.  When we’re lamenting that we don’t have enough time, what do we really mean?  Let’s take a look at the complaints we have and then see how a properly organized list will help alleviate these problems. “There is no way I will ever be able to get all this work done!”  This is a... View Article

Overwhelmed?  Scattered?  Frustrated?  Feeling unable to keep up?   Feeling pulled in all directions?  These are all signs that you may not be using your time Friend or Enemy?efficiently. Life is hard.  Sometimes it seems the more you try, the harder it gets. There are so many demands placed on us by our jobs, our co-workers, our spouses and our children, that sometimes we can feel like a circus juggler constantly at risk of dropping a ball.  In trying to be... View Article