6 Key Responsibilities of the Nonprofit Finance Committee
NPO
As part of your nonprofit’s board, the finance committee has a fiduciary responsibility to oversee all financial matters, ensure they’re…
The Back Office Blog
Looking to learn more about all things bookkeeping and accounting? Have a browse through our blog.
Importance of an NPO Budget
NPO
For nonprofit organizations, financial sustainability is closely tied to effective operational management. Since this includes both the timely review of…
How to Recession-Proof Your Business
Advice
With the Bank of Canada rapidly increasing interest rates to combat decades-high inflation, financial experts are forecasting a likely recession.…
10 Questions to Ask When Choosing a Payroll Service Provider
Payroll
Payroll services are a convenient way for small business owners to meet their payroll and tax filing obligations. Rather than…
Do’s and Don’ts After Raising Startup Capital
Bookkeeping
Knowing what to do after raising startup capital—and what not to do—can mean the difference between building a great company…
QuickBooks vs. Xero: What’s the difference?
Accounting
Xero and QuickBooks Online are two of the most popular and powerful accounting software solutions for small business owners. But while…
How to Improve the Billing and Collection Process for Your Dental Office
Bookkeeping
Staying on top of collection activities can be a challenge for most dental offices. Any time you see your accounts…
What to Focus on When Hiring for Your Startup After Raising Funds
Technology
It’s not uncommon for early-stage startup founders to take on multiple roles and responsibilities. Having recently raised your first round…
How to Choose Your Corporate Fiscal Year-End in Canada
Accounting
Whether you prefer the term financial, tax, or fiscal year, your company’s 12-month business cycle plays an important role in…
6 Ways to Increase Dental Practice Revenue
Bookkeeping
With some 25,000 dentists practicing across Canada, it’s important that you find ways to run your dental clinic as productively…
Why You Should Have Separate Bank Accounts for Your Different Legal Entities
Bookkeeping
When you open a business bank account, you can pay company bills, purchase assets and inventory, and save for emergency…
4 Tips for Startup Financial Management
Accounting
Congratulations! Your business plan was well-received and you’ve secured the funding you need to launch your startup. Now it’s time…