April 2013
2 posts
4 tags
LedgerDocs Case Study: A California Bookkeeping... →
How a California bookkeeping firm uses LedgerDocs to create a more efficient and effective bookkeeping and accounting solution for their clients.
5 tags
GST/HST and the BC Construction Industry →
Essential information for all small businesses! Learn more about General Timing Rules, Contracts, and Lien Holdbacks:
March 2013
1 post
9 Canadian Tax Credits You Should Know About →
With the right tax strategy, you are able to utilize tax deductions in order to reduce your income and lower your tax bracket. From student loans to old age, there are deductions available for everyone. Find our list below of 9 credits that you may have overlooked:
February 2013
2 posts
Find a Bookkeeper or Accountant in 4 Easy Steps →
Finding a professional and reliable bookkeeper or accountant to help with your business is one of the most important things you can do as a business owner. With this said, the process of finding the perfect firm can be a time consuming and stressful task.
Scanned Documents in a Canadian Audit
Can you throw away - or even better, recycle - your paper receipts once you’ve scanned them in? The answer is yes and no, I’ll explain. The CRA (Canada Revenue Agency) has guidelines about what type of records and documents are accepted for record keeping.
This is a direct copy of text from p.4 of the CRA Keeping Records guide: The CRA recognizes: books, records, and supporting...
August 2012
15 posts
26 tags
LedgerDocs vs. Google Drive for Your Financial... →
26 tags
LedgerDocs vs. Google Drive for Your Financial... →
26 tags
LedgerDocs vs. iCloud for Your Financial Documents →
15 tags
5 Essential iPhone Apps to help with Personal... →
15 tags
How Much Do People Pay in Taxes from other... →
15 tags
GST/HST And The Construction Industry →
15 tags
Financial Instruments in the Construction Industry →
15 tags
Apple’s Billion Dollar Tax Strategy →
15 tags
3 Benefits of moving to a Cloud Based Accounting... →
15 tags
Lines Of Credit, Bank Loans and Long Term Debt in... →
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8 Essential Financial iPad Apps for Small Business →
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Top 8 Reasons why your yearly tax refund check... →
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PST is returning to BC, Know the Facts →
26 tags
LedgerDocs Application Release v3.4 →
26 tags
Paper Invoices and Your Bookkeeper →
July 2012
3 posts
16 tags
Expense Receipts and Your Bookkeeper →
As a business owner, you have a lot of receipts for your expenses every month, and your bookkeeper can help you organize and enter all of those business-related receipts so that you can potentially save hundreds or thousands of dollars annually in tax liabilities.
Some of the miscellaneous expenses that could slip through the cracks include:
19 tags
Note to PRs: this is how to get my attention →
Regular readers will know that I get pissed off with PR folk and the ‘We are the greatest’ drivel that pollutes my inbox. So much so that I now contribute to Rachel Happe’s PR Wall of Shame website. This one is an absolute beauty. It is not all bad news.
In recent times, a few (and I mean a handful) of PRs have been helpful and pro-active in their approach to my needs. Last evening I received an...
17 tags
Simplifying Online Document Management for Clients →
Document management has come a long way over the past decade, at least for accounting firms. Although professionals often proudly wear their self-proclaimed skepticism of some technology, most firms are actually quite advanced, at least when comparing technology adoption to their small business clients.
June 2012
1 post
21 tags
LedgerDocs vs. Dropbox for Your Financial... →
Online document storage or online document management? As a business owner, you have several great choices for online storage and access of your files and documents. Four of the most popular online storage applications are Dropbox—originally developed by two students at MIT, SkyDrive by Microsoft, Google Drive by—you guessed it—Google, and iCloud—a replacement for iDisk by...
May 2012
4 posts
13 tags
Financial Instruments in the Canadian Construction... →
As defined by the CICA, a financial instrument is any contract that gives rise to a financial asset of one party and a financial liability or equity instrument of another party. They include cash, trade accounts receivable and accounts payable, loans and notes receivable and payable, investments in equities and debt instruments as well as derivative contracts such as forward contracts, swaps and...
18 tags
Send Documents to your Bookkeeper or Accountant in... →
Ever lose an important business receipt? Ever wondered if you could get that important receipt to your bookkeeper or accountant the second you received it? You can with LedgerDocs Free iPhone App.
This new iPhone app works seamlessly with your existing LedgerDocs account. Each accounting related document such as a receipt can be sent securely in seconds to your account now on the go. Our online...
9 tags
GST/HST And The Construction Industry →
Contractors, who are GST/HST registrants, collect GST/HST on behalf of the applicable government entity. A contractor, carrying on business in Canada, must register for GST/HST and obtain a “business number” if its revenues exceed $30,000 in a single calendar quarter or in four consecutive calendar quarters.
From an accounting perspective, GST and HST collected on a contractor’s sales are not...
20 tags
Press Release: Organize your Accounting with... →
LedgerDocs is a cloud based system for the storage, sharing and collaboration of accounting documents online. It aims to connect business owners with their bookkeepers and accountants virtually in order to manage their finances.
April 2012
14 posts
9 tags
5 Essential iPhone Apps to help with Personal... →
The LedgerDocs iPhone app allows you to electronically capture purchase receipts and other important documents right at the source in seconds.
12 tags
How Bookkeepers Can Get to Inbox Zero and Stay... →
How many emails do you receive on a daily basis? How many emails do you lose track of on a daily basis because you just cannot keep up? What is that big number of Unread emails that haunts you at night and greets you the first thing every morning? Is a Zero inbox even possible for someone who runs a bookkeeping business?
9 tags
Ever wondered how much people pay in taxes in... →
Ever questioned how much people pay in taxes in other countries? The interactive infographic below will allow you to select each country from the map for this information. You may be surprised by which countries have the lowest and highest income tax rates.
5 tags
Nice FREE Wordpress theme, TechMax →
Nice cleanly designed Free wordpress theme I found today …
13 tags
Celebrate Earth Day by Moving Your Paper Documents... →
Reduce your environmental footprint, have you heard that phrase? Do you wonder what that means? In simple terms, your environmental footprint is stamped on everything you do and use that impacts the environment. You can reduce your environmental footprint by reducing the amount of products that consume a lot of energy just to be manufactured like paper. That’s what Earth Day is all about …
11 tags
No More Bad Bookkeeping →
What would it be like to receive clean and concise financial data from your clients?
Wayne Zielke, CA, founder of LedgersOnline, assembled a team of financial and technology gurus to create online and accounting bookkeeping services to assist small and medium-sized businesses.
According to Zielke, many large accounting firms estimate that approximately 40 percent of their annual fees go toward...
11 tags
Financial Statements Guide for Construction... →
The basic objective of financial statements is to communicate useful and meaningful information that meets the needs of the users of the financial statements.
Qualitative characteristics of useful and meaningful financial statements include:
Understandability – financial statements that are unduly complicated can send up a red flag to banks, surety companies and potential investors;...
10 tags
How to View PDF Files On Your Computer or Tablet →
When most people hear Adobe, they think either of the free Adobe Acrobat Reader, or the Adobe Flash Player, the two most used products in the Adobe product line. Although Adobe has made huge improvements to the functionality of its products across all platforms, there are still challenges and many questions for the end-user, especially for businesses that users of Apple’s products.
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The Top Ten Benefits of a Paperless Office for... →
Time wasted is time lost. It is estimated that business people spend 40% of their workday looking for needed information. Although we have been promised a paperless office for decades now, most businesses still spend up to 500 hours per year reviewing and re-routing files and another 500 hours per year looking for incorrectly filed documents, and another 25 hours per year recreating lost files....
10 tags
How Bookkeepers Can Get to “Inbox Zero” and Stay... →
How many emails do you receive on a daily basis? How many emails do you lose track of on a daily basis because you just can’t keep up? What is that big number of “unread” emails that haunts you at night and greets you the first thing every morning? Is a “zero inbox” even possible for someone who runs a bookkeeping business?
12 tags
Tips for Keeping Those Business Receipts Organized →
We’ve all heard the horror stories: its tax time, and frazzled business owners arrive at the office of their bookkeeper at the last minute with shoeboxes full of receipts that need to be collected and entered for the annual tax return accounting service. Of course you should keep all of your business receipts.
13 tags
LedgerDocs – Online Document Management System →
When most people hear Adobe, they think either of the free Adobe Acrobat Reader, or the Adobe Flash Player, the two most used products in the Adobe product line. Although Adobe has made huge improvements to the functionality of its products across all platforms, there are still challenges and many questions for the end-user, especially for businesses that are Apple and Mac shops. Steve Jobs...
11 tags
Tips for Keeping Those Business Receipts Organized →
We’ve all heard the horror stories: its tax time, and frazzled business owners arrive at the office of their bookkeeper at the last minute with shoeboxes full of receipts that need to be collected and entered for the annual tax return. Of course you should keep all of your business receipts.
13 tags
The Top Ten Benefits of a Paperless Office for... →
Time wasted is time lost. It is estimated that business people spend 40% of their workday looking for needed information. Although we have been promised a paperless office for decades now, most businesses still spend up to 500 hours per year reviewing and re-routing files and another 500 hours per year looking for incorrectly filed documents, and another 25 hours per year recreating lost files....
March 2012
9 posts
9 tags
Revenue Recognition Guide for Construction... →
GAAP currently provides additional guidance allowing contractors to use either the completed contract or the percentage of completion method of revenue recognition, depending on their situation. When a contractor’s contracts typically extend past two years, the CRA requires that the contractor use the percentage of completion method. A contractor can currently select the completed contract method...
13 tags
Online Document Management →
Below is a list of tools to create industry standard PDF files from almost any type of document. Many accountants, bookkeepers and business owners are digitizing documents in to file formats such as PDFs today due to benefits such as efficiency and security. The amount of time taken up by searching for lost documents can add up to a lot of lost revenue, and electronically-stored documents can be...
8 tags
Choosing Bookkeeping Software for Your Small... →
1. Spend the time to define your requirements
The first step is to decide what you need. Any accounting software will perform the core accounting functions of general ledger, accounts receivable, accounts payable and the cash functions. But often you need more, depending on your industry and on how your business works.
5 tags
Cloud Based Accounting Explained →
Over the next few years online computing services such as bookkeeping services or accounting services, at least for small businesses, is going to be the norm. As more of this software becomes web based, online accounting solutions can reduce overall costs because it reduces or eliminates the need for in house IT resources.
12 tags
Online Document Sharing for Accounting Documents →
LedgerDocs is a cloud based document management system designed by bookkeepers, for bookkeepers. It aims to connect business owners with their bookkeepers and accountants virtually in order to manage their finances.
9 tags
2 Steps to Digitize Receipts and Store Them... →
Keeping receipts in a safe place is extremely important for all businesses record keeping. Poor record keeping adds up to lost money from lost tax deductions to time spent looking for the receipts.Record keeping tasks are often left to the very last minute, when it is time to file your tax return and your bookkeeper, bank, or investors request this information.
4 tags
Choosing bookkeeping software for your small... →
Before evaluating products and features, you may want to consider these 5 points …
4 tags
4 Accounting mistakes to avoid for Small Business... →
Many small businesses will do their own bookkeeping/accounting and often with little expertise. The excerpt below highlights the common mistakes to avoid.
