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GST Why Would I Register Early?

Figuring out GST was probably not on the top list of things you were most excited about whenever you were starting your own business. But the reality is, if you’re going to run a company in Canada you are going to have to collect and remit GST. So what we’ve put together on our website is a free resource, a […]

Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 9 of 10)

Let’s talk chart of accounts. So you remember I keep talking about all your transactions going on over here. Well your chart of accounts is whenever you decide to create sub-buckets or sub-categories. So let’s say that you created a subcategory called, “Advertising”. You may have spent money this month on MailChimp as your email provider. Maybe you had a […]

Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 8 of 10)

Let’s talk accounting systems! So this is something that I think has sometimes had entrepreneurs running down this like deep rabbit hole. So if you think of Quickbooks, I’m not anti-Quickbooks, but what I would say is there’s a huge trap that you are going to over-engineer and overcomplicate your life trying to set up an accounting system in a […]

Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 5 of 10)

So let’s talk customer acquisition cost. It is probably one of the most important financial metrics of your business and chances are, if you’re like most business owners, it’s one that you’re not actually measuring. So if you’re anything like me, whenever I started into entrepreneurship, I just thought you know what you build a website, customers will automatically come. […]

Finance Learning Lab – Micro Course on Small Business Bookkeeping and Finance (Part 2 of 10)

In this lesson, we’re going to talk a little bit about your financial plan, sometimes called your forecast, sometimes called your budget or your pro formas. What we’re talking about here is not where your numbers were in the past historical. We’re talking about you building out a plan to say, “Here’s where I’m going financially”. This “Where I’m going […]