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What are Business Expenses in Accounting?

  • Author: Border Bookkeeping
  • 15th, Dec 2023

Keeping business expenses in check ensures that your money is going in the right place. Every business incurs a certain amount of expense that may cover manufacturing, marketing, rent, payroll, and others. You can claim some expenses as a deduction while filing income tax returns. This helps reduce your taxable income. Thus, it is important […]

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What are Business Assets?

  • Author: Border Bookkeeping
  • 15th, Feb 2024

Assets are valuable items that your business uses to make money and grow in the market. Your accountant lists the appropriate assets in your balance sheet annually. This reflects your company’s cash flow and working capital. The information also comes in handy if you want to use secure credit or obtain insurance. A business asset […]

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What are Liabilities in Accounting?

  • Author: Border Bookkeeping
  • 17th, Jan 2024

Liabilities in accounting are everything that your business owes. You may owe it to banks, individuals or investors. The debt falls under liabilities as long as it occurs as a result of business operations. Let’s say you had taken a loan to start your business. So, that loan becomes your liability. According to accountants in […]

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National Bookkeeping Week 2024 All Set to Roll!

  • Author: Border Bookkeeping
  • 4th, Jan 2024

Good news for all bookkeepers and accountants across Canada! National Bookkeeping Week 2024 is all set to roll from the 15th to the 19th of January. This is the time to highlight and celebrate the invaluable role of bookkeepers in the Canadian economic landscape. You can visit bookkeepingweek.ca to participate in this five-day event and […]

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Most Common Accounting Tasks and Responsibilities in Small Businesses

  • Author: Border Bookkeeping
  • 21st, Nov 2023

Accounting is not just about crunching numbers. It is also about ensuring the accuracy of financial documents, evaluating financial operations, conducting risk analysis assessments and more. While running a business is itself a full-time job, handling accounts amidst a busy schedule can seem daunting. Thus, most owners hire experienced accountants to handle this department. Whether […]

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An Essential Guide to Accounting Basics for Beginners

  • Author: Border Bookkeeping
  • 10th, Oct 2023

Starting a business makes you an entrepreneur but not an expert accountant. Whether you do accounting on your own or hire a professional, it is crucial that you are familiar with at least the basic concepts. Accounting, after all, builds the foundation for the success of businesses. It is integral to assessing the financial health […]

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