Elevated Edge: Spreadsheet Shenanigans

  By your friendly, slightly amused Canadian bookkeeper who is not (yet) a robot Ah, the life of the solo-preneur. It’s thrilling, liberating, chaotic, and just a little bit like yelling into the void while holding a latte and 14 receipts. You wear every hat: CEO, sales rep, HR manager, snack coordinator…and, of course, bookkeeper. Except – you didn’t sign up to be a bookkeeper. You signed up to sell handcrafted dog bowties or revolutionize gluten-free donuts, or run your consulting empire from your favorite café downtown. But guess what? AI is here – and it’s not just for tech bros in Toronto. It’s your new not-quite-human assistant that ALMOST does your books. Let’s dive into how smart tech can help lighten your financial load, without fully replacing your friendly, maple-syrup-fueled Canadian bookkeeper (hi, that’s me!). Meet Your New Assistant: AI (AKA “Always Incomplete,” Kidding….Kind of) So, what can AI actually do? ·        ...

  Alright folks, gather ‘round the virtual water cooler. It’s your friendly Halifax bookkeeper here, and let’s have a chat about expenses. Now, I know what you’re thinking: “Oh great, more talk about receipts. Just what I needed, right after wrestling a rogue seagull for my fish and chips.” But trust me on this one. Mastering expense tracking is the superhero cape your wallet desperately needs, especially come tax time in this beautiful, slightly damp part of the world. See, as a bookkeeper in Halifax, I’ve seen it all. The shoebox overflowing with crumpled Tim Hortons receipts from three years ago (bless your heart, you tried). The frantic scramble in March to remember if that lobster roll you expensed was a legitimate business meeting (spoiler alert: probably NOT). The sheer terror in April when the tax software throws a number at you that makes your heart do the jig. We don’t want that, do we? We want a smooth tax season, a glorious refund (or at least not owing a king’s ran...

  By your slightly caffeinated, borderline-panicked Canadian bookkeeper. Ah, June. The month when the days are long, the iced coffees flow like the Fraser River, and bookkeepers across Canada start making THAT face – you know the one – when we say, “June 30 th is coming.” Listen, I don’t mean to alarm you, but if your fiscal year-end rhymes with “calendar,”, or you’re behind on your HST filings, or you’re just playing a high-stakes game of chicken with the CRA…this is your last boarding call for tax deferrals and deadlines. So grab your receipts (from the glovebox, shoebox, and yes, the back of the junk drawer), and let’s talk about what needs to be filed before the Canada Revenue Agency sends you a very polite, very terrifying letter. Corporate Tax Returns: The “Don’t-Forget-Me” Darling If your corporation has a December 31 year-end, and many do, your T2 corporate tax return is due by June 30. That’s right – this is NOT a drill. You had six months. You told yourself you’...

 Written By:  your slightly sunburned, spreadsheet-wielding Canadian Bookkeeper. Ah, summer in Canada. The snow has melted (mostly), the patios are packed, and we’re all pretending mosquitoes aren’t a thing. But while everyone else is planning lake trips and BBQs, I’m over here asking one of life’s most important questions: how’s your cash flow? Yep, that’s right. Cash flow. Not the sexiest phrase at the summer picnic, I’ll admit. But trust me, it’s more important than SPF 50 on a July long weekend. You might feel rich because your profit and loss statement says you made a boatload, but if your bank account is emptier than the office on a Friday afternoon? We’ve got a problem. Let’s break it down – bookkeeper style. With jokes. And feelings. And possibly a cold drink in hand.   Profit is a Liar (Sometimes) Let’s start with a harsh truth: Profit is a fickle drama queen. She loves to show up on paper looking wonderful – “Look at me, I’m net income! I’m impressiv...

  Ah, June. The month where the sun finally shows up, hockey season takes a break, and your business’s finances start acting like they’ve had one too many maple lattes. While most folks are thinking about patios and camping trips, we bookkeepers are poring over June’s economic indicators like they’re the last Timbit in the box – because buried in all those stats and percentages is the secret sauce to understanding what’s coming for your bottom line. So, grab your double-double, and let’s break this down together, with just the right amount of humor to keep you from crying into your GST remittances.   GDP: The Great Dough Predictor Canada’s GDP grew by a modest 0.3% in May, which means…drumroll…the economy is technically still alive! Not exactly winning the gold medal, but hey, we’ll take growth over contraction any day.   What It Means for You: If your business felt a little busier this month, it’s not your imagination or your cousin finally paying that overdue i...

  Alright , fellow small business warriors, gather ‘round. It’s time we talk about something near and dear to my ledger-loving heart: The Big Three Financial Statements. Yes, THOSE. The ones that make your eyes glaze over faster than a donut at Tim Hortons.    If you’ve ever looked at your financials and thought, “What in the name of Gordon Lightfoot am I looking at?” – you are NOT alone. But fear not! I’m here to explain them in plain Canadian English, with a few laughs, a splash of sarcasm, and zero accounting jargon (well …almost ).    So buckle up and pour yourself a double-double – we’re diving into the mystical land of Income Statements, Balance Sheets, and Cash Flow Statements. You’ll come out on the other side smarter, sassier, and maybe even slightly impressed by your own financial literacy. Let’s go!   Income Statement: The Drama Queen of Your Finances   Also known as the Profit and Loss Statement (or P&L if you’re fancy), the ...