Finance Archive

Cash Flow Worksheet

Cash Flow Worksheet

This article introduces cash flow worksheet templates and includes daily, weekly, monthly, and annual templates.
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Preparing Year-End Taxes: Part 9

Preparing Your Year-End Taxes for Sole Proprietorship/Partnership: Part 9 – Business and Personal Expenses

This article is written to discuss Business and Personal Expenses.
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Drafting a Joint Venture Agreement

Drafting a Joint Venture Agreement

In this article we discuss drafting a joint venture agreement. We will talk about why it is important and what to include.
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5 Ws of Reinvesting Profits: Part 3

5 Ws of Reinvesting Profits: Part 3 – Who?

In Part 3 of this 5-part series, we examine who should be involved and who can help you when deciding how to reinvest profits.
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Preparing Year-End Taxes: Part 8

Preparing Your Year-End Taxes for Sole Proprietorship/Partnership: Part 8 – Charitable Tax Credits

This article is written to discuss Charitable Tax Credits.
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Preparing Year-End Taxes: Part 4

Preparing Your Year-End Taxes for Sole Proprietorship/Partnership: Part 4 – T4A Slips

This article is written to discuss T4A Slips.
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Breaking Down/Understanding a T4

Breaking Down/Understanding a T4

In this article we explain what a T4 is and break it down, so it is easier to understand.
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Buying vs Leasing Real Estate: Part 2

Buying vs Leasing Commercial Real Estate: Part 2 – Buying

This article is written to explore the pros and cons of buying commercial real estate.
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Preparing Year-End Taxes: Part 2

Preparing Year-End Taxes for Sole Proprietorships & Partnerships: Part 2 – T1 General Tax Return

This article is written to discuss the T1 General Tax Return Form as it applies to Sole Proprietorships or Partnerships.
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Buying vs Leasing Real Estate: Part 1

Buying vs Leasing Commercial Real Estate: Part 1 – Leasing

This article is the 1st in a series on buying or leasing commercial real estate, and is written to explore the pros and cons of leasing.
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Startup Runway

Startup Runway – What Is It and What’s Yours?

In this article, we’ll be explaining what startup runway is. We’ll also be discussing how to calculate your gross burn rate, net burn rate, and startup runway.
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Financial Statements: Part 3

Understanding Financial Statements: Part 3 – Cash Flow Statements

This article explains what Cash Flow Statements are, as they are important financial statements to be aware of.
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Before Getting a Business Loan

10 Things to Know Before Getting a Business Loan

This article outlines 10 things you should know and have prepared before applying for a business loan.
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Financial Statements: Part 2

Understanding Financial Statements: Part 2 – Balance Sheets

This article explains what Balance Sheets are, as they are an important financial statement to be aware of.
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Setting Up Payroll: Part 8

Key Components to Setting Up Payroll: Part 8 – Statutory Deductions

This article is written to provide you information on the statutory deductions that all businesses must deduct from their employee’s pay: Income Tax, CPP, and EI.
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Financial Statements: Part 1

Understanding Financial Statements: Part 1 – Income Statement

This article explains the 1st of 3 important financial statements: Income Statement.
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3 Tips for Grant Applications

3 Tips for Grant Applications

This article gives you 3 tips on how create a successful grant application.
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Setting Up Payroll: Part 6.3

Key Components to Setting Up Payroll: Part 6.3 – Compassionate Care Leave

This article is written to provide you information on Compassionate Care Leave according to Saskatchewan Employment Standards and includes a downloadable guideline template for use at your company.
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What Do I Do With Capital Gains?

What Do I Do With Capital Gains?

This article introduces questions to consider when deciding what to do with capital gains.
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Setting Up Payroll: Part 6.2

Key Components to Setting Up Payroll: Part 6.2 – Bereavement Leave

This article is written to provide you further information on Bereavement Leave according to Saskatchewan Employment Standards and to provide you with a guideline template you can download to use at your company.
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Setting Up Payroll: Part 6.1

Key Components to setting up Payroll: Part 6.1 – Extended Parental Benefits

This article is written to provide you further information on Maternity, Adoption, and Parental LOAs according to Saskatchewan Employment Standards, and to provide you with a guideline template and letter you can download to use at your company.
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What Are Capital Gains?

What Are Capital Gains?

This article explains what capital property is and what capital gains/losses are.
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Preparing Year-End Taxes: Part 4

Preparing for Corporate Year-End Taxes: Part 4 – Remittances

This article explains the information needed from 4 different remittances to prepare for corporate year-end taxes.
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Preparing Year-End Taxes: Part 3

Preparing for Corporate Year-End Taxes: Part 3 – Payroll Records

In Part 3 of preparing for corporate year-end taxes, we explain payroll records.
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Payroll Accounting: Part 3

Payroll Accounting: Part 3 – Comparing Payroll Methods for Accounting

This article explains the differences between the 3 different methods of payroll processing for the payroll journal entries entered in an accounting software.
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Setting Up Payroll: Part 5.10

The Key Components to Setting Up Payroll: Part 5.10 – Flex Days

This article is written to provide you with a summary of what paid flex days are and how your company can administer them.
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Preparing Year-End Taxes: Part 2

Preparing for Corporate Year-End Taxes: Part 2 – Bookkeeping

This is Part 2 of our series on preparing for corporate year-end taxes which explains bookkeeping requirements.
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Payroll Accounting: Part 2

Payroll Accounting: Part 2 – Recording Payroll Journal Entries

This article explains recording the journal entries for payroll accounting.
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Setting Up Payroll: Part 5.9

The Key Components to Setting Up Payroll: Part 5.9 – Personal Days

This article is written to provide you with a summary of what paid personal days are and how your company can administer them.
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Preparing Year-End Taxes: Part 1

Preparing for Corporate Year-End Taxes: Part 1 – Previous Year’s Information

This article is the 1st part in our series on preparing for corporate year-end taxes and explains what information is required from the previous year.
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Payroll Accounting: Part 1

Payroll Accounting: Part 1 – Payroll Journal Entries

In this 1st part of our series on payroll accounting, we explain what payroll journal entries are, along with the 3 main types of entries that are used for payroll accounting.
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Setting Up Payroll: Part 5.8

The Key Components to Setting Up Payroll: Part 5.8 – Sick Days

This article is written to provide you with a summary of what paid sick days are and the various ways that a company can administer them.
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Setting Up Payroll: Part 5.7

The Key Components to Setting Up Payroll: Part 5.7 – Vacation

This article is written to provide you with details on the Saskatchewan Employment Standards vacation legislation and how companies can modify this standard to meet the needs of their business requirements.
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Setting Up Payrol: Part 5.6

The Key Components to Setting Up Payroll – Part 5.6: Payroll Policies, Overtime & Banked Time

This article is written to provide you with a brief understanding of overtime and the different ways it can be administered that still meet the minimum requirements of Employment Standards.
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Year-End Accounting: Part 2

Benefits of Preparing for Year-End Accounting Throughout the Year: Part 2 – Avoid Government Penalties

This article explains the 2nd benefit of preparing for year-end accounting throughout the year, which is avoiding government penalties from missed remittances such as GST, PST, Payroll, and WCB.
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Year-End Accounting: Part 1

Benefits of Preparing for Year-End Accounting Throughout the Year: Part 1 – Cost Savings

This article explains the 1st reason why it is beneficial to prepare for year-end accounting throughout the year, which includes saving costs by having a bookkeeper use proper software throughout the year rather than having an accountant do the bookkeeping come year-end.
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Setting Up Payrol: Part 5.5

The Key Components to setting up Payroll: Part 5.5 – Payroll Policies, Work Schedules

This article is written to provide you with an understanding of why standard work schedules are useful in the work environment.
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Financing for Startups: Part 9

Financing Solutions for Startups: Part 9 – Capital Investors – Green Technologies, Biofuels, Energy & Biotech

This article is a great source for Capital Investor financing opportunities for your “green” technologies business.
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Cloud-Based Accounting

Advantages and Disadvantages of Cloud-Based Accounting

This article gives a high-level overview of the advantages and disadvantages of cloud based accounting software.
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Setting up Payroll – Part 5.4

The Key Components to setting up Payroll – Part 5.4: Payroll Policies, Pay Type

This article is written to provide the reader with an understanding of what a Salary and Hourly pay type is.
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Financial Accounting Basics: Part 8

Financial Accounting Basics for Startups and Entrepreneurs: Part 8 – Post Closing Entries

This article is an introduction to creating closing statements to prepare your books for next year.
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Workforce Planning: Part 5

Workforce Planning:
Part 5 – Creating a Plan

This article is written to provide you with details on creating a workforce plan using the information you have gathered from the previous steps taken in this series.
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My Business Account With CRA

Why All Small Business Owners Should Have a My Business Account With CRA

This article is about the importance of exploring how every small business owner could benefit from signing up online for their My Business Account.
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Setting up Payroll – Part 5.3

The Key Components to setting up Payroll – Part 5.3: Payroll Policies, Employment Type

This article is written to provide the reader with an understanding of what the different Employment Types are and why it is important to have them defined when setting up your payroll.
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Financial Accounting Basics: Part 7

Financial Accounting Basics for Startups and Entrepreneurs: Part 7 – Creating Financial Statements

This article discusses taking the information from your adjusted trial balance in Part 6, and building your Balance Sheet, Income Statement and Cash Flow Statements.
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Cost Allocation

Cost Allocation

This article is about cost allocation and the differences between Direct and Indirect costs.
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Employee Burden Rate Calculation

Employee Burden Rate – What is a Labour Burden Rate?

This article is written to provide you with an understanding of what a labour burden rate is, why it is used, and what is generally included in the calculation.
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