Blog
Business Process Outsourcing: What You Need to Know
Chances are, you started your business because you were passionate about your trade. Perhaps you even foresaw a better way of servicing customers with your product or service. But in reality, many business owners are regularly bogged down by endless paperwork and administrative tasks. These non-revenue generating tasks like bookkeeping, payroll, and human resources consume
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Understand Your Business Credit Score
Many business owners are unaware that their company has a credit score. But much like a personal credit rating, your business credit score is a numerical value that reflects your company’s level of creditworthiness. Monitoring your company’s credit history is important because the stronger your business credit score is, the more likely you are to
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Month in Review: August 2019
Is it just us, or does the summer always fly by too quickly? Students are getting ready to go back to school next week, Starbucks has launched its Pumpkin Spice menu, and Thanksgiving and Halloween are just around the corner! “Time flies” comes from the Latin Tempus Fugit, which first appeared in Book 3, line
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Top Bookkeeping and Management Software for Cannabis Companies
As part of a $17 billion global industry, the sale of legalized cannabis in Canada is a lucrative enterprise for many retail-focused entrepreneurs. However, the cannabis industry is still a new industry, with a higher bar set for regulatory compliance. Compliance aside, accounting for a cannabis company is just like any small business accounting. You
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9 Tips to Improve Your Accounts Receivable Turnover
As a small business owner, improving your accounts receivable turnover should be a priority. After all, the money you earn selling your product or service on credit can’t truly be counted as revenue until it’s been collected from clients. The better you are at managing your accounts receivable and gathering customer payments, the better your
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Top 10 Non-Taxable Benefits for Employers in Canada
In the current environment of decreasing unemployment rate and labour shortages in various industries, providing a competitive pay package to employees can make the difference in securing a highly sought after candidate for your company. In Canada, an employee’s salary and wages received in cash are taxed as employment income and included on an employee’s
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Scaling Up Your Services Business
Do you remember why you decided to become an entrepreneur? Do you remember the way you felt when you acquired your first client? Entrepreneurship can be a romantic concept. Central to the idea of entrepreneurship is the concept of building an enterprise which runs efficiently and delivers consistent profitability. The reality is, however, that most
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Month in Review: July 2019
With the summer upon us, July was a great month for our Enkel team to rest and focus on team building. Here’s what we’ve been up to this month. Even though we took a short hiatus on events and webinars, we put our bodies to the test by attempting the Grouse Grind a few weeks
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5 Bookkeeping Tips For Small Business Owners To Stay Organized
A solid, organized bookkeeping system lays the foundation for business success. By keeping your financial records up to date and accessible, you’ll not only save time and avoid unnecessary expenses, but you’ll also enjoy better performance over the long run. Here are 5 bookkeeping tips to help you keep stay organized while you run your
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