Ecommerce is becoming one of the most common and popular ways that businesses around the world, and in markets like Vancouver, do business. Ecommerce businesses have unique bookkeeping needs that differ from traditional brick-and-mortar businesses. Proper ecommerce bookkeeping practices can help businesses manage their finances effectively and make informed decisions about their operations and growth. … How to Optimize Bookkeeping for your eCommerce Business Read More » The post How to Optimize Bookkeeping for your eCommerce Business first appeared on Valley Business Centre - Bookkeeping and P ..read more

Imagine you’re the proud owner of a successful business in Canada. You have a dedicated team of employees who work tirelessly to deliver top-notch products and services to your customers. Naturally, you want to reward them with fair and timely paychecks, along with the benefits and protections they deserve. But there’s a challenge that many … Navigating Canadian Payroll Regulations: Compliance Tips for Businesses Read More » The post Navigating Canadian Payroll Regulations: Compliance Tips for Businesses first appeared on Valley Business Centre - Bookkeeping and Payroll ..read more

 How to run payroll in Canada: A step-by-step guide for business owners As a business owner in Canada, one of your important responsibilities is to ensure that your employees are paid accurately and on time. Although at the surface this may seem like a simple process (process payments through a bank account twice a […] The post How to run payroll in Canada: A step-by-step guide for business owners first appeared on Valley Business Centre - Bookkeeping and Payroll ..read more

 Starting a new business can be an exciting, and yet daunting adventure. If you are in Vancouver, you are well aware of how many start-up businesses there actually are, which can mean competition to you. You may have the industry knowledge to create a successful startup, but while you are focusing on getting your […] The post 10 Reasons why your Start-up needs a professional bookkeeper first appeared on Valley Business Centre - Bookkeeping and Payroll ..read more

 Deductions… They’re something that should be, and often are, at front-of-mind for most small business owners and small business accountants. After all, if there’s a way to (effectively) get money back in your pocket, or even pay less come tax time, you bet it’s important. However, most small business owners may not all of […] The post 15 Business Expenses you may not know are tax deductible or write offs first appeared on Valley Business Centre - Bookkeeping and Payroll ..read more

 Debt is something in business that may have that inherently negative connotation for many small business owners. After all, debt is often a large expense that has to get paid off month-after-month and can really cut into the savings and earnings of your business. Nevertheless, managing debt (although it’s not a fun task) is […] The post 9 Debt Management Strategies for Small Business Owners first appeared on Valley Business Centre - Bookkeeping and Payroll ..read more

  The construction industry may be seen as challenging, but it can be a very rewarding industry. When a construction company is run well and its processes are streamlined, it will run more efficiently, setting itself up for success. With each job being unique, a construction company’s operating costs and revenues may vary significantly […] The post Bookkeeping workflow for construction companies first appeared on Valley Business Centre - Bookkeeping and Payroll ..read more

 How financial statements help decision making, and how to read them When it comes to more complex accounting and financial statements, we tend to always recommend deferring to your accountant, because it’s best to leave it to the experts. However, that doesn’t mean that small business owners shouldn’t know about what financial statements look […] The post How Financial Statements help decision making, and how to read them first appeared on Valley Business Centre - Bookkeeping and Payroll ..read more

 It’s no surprise today that, in the wake of COVID-19, that inflation throughout Canada (and, especially in high-cost provinces like British Columbia), has a tremendous impact on small businesses across the country. It has led to price increases, losses in profits and tremendous declines in the ability of small businesses to survive. As prices […] The post How to Protect your Small Business Against Inflation first appeared on Valley Business Centre - Bookkeeping and Payroll ..read more

 As a business owner, you are likely continuously looking at ways to improve your business. You may be thinking about how to streamline procedures and how to increase both your business’s, as well as your employee’s productivity. One of the current trends, if you aren’t already there, is by digitizing your business. Yes, this […] The post How to switch to paperless invoicing first appeared on Valley Business Centre - Bookkeeping and Payroll ..read more