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Can AI Do My Bookkeeping?
As of today’s date, April 2026, AI accounting software cannot do your bookkeeping. Any AI software claiming to be able to fully automate your bookkeeping will have insufficient information to know how to categorize transactions and will be doing little more than guessing. To understand the limitations of AI in bookkeeping, you’ll need to understand…
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How Far Back Can a Bookkeeper Clean
Is there any time limit to how far back a bookkeeper can clean up your books? The simple answer is no, a bookkeeper can clean up books from 3 years, 5 years, or 7+ years ago. While there is no time limit preventing books from getting caught up, there are some common issues that occur…
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Is It Hard to Switch Bookkeepers?
It’s a common situation, you hire a bookkeeper and you go through several months of calls, emails and endless onboarding tasks to get them in a position where they can deal with your books autonomously. You’ve sunk a lot of time into getting this person ready to rock and roll, but their performance is lukewarm…
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Working Capital: A Comprehensive Guide
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. Introduction Working capital is one of those business terms that everyone uses, but few people can define. There are also many variations such as operating working capital, quick ratio and the working capital ratio. In this blog post I’ll be discussing whether…
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ROI – The Best and Worst Business Metric
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. Introduction There are many financial metrics, but it seems they were not all created equal. There is one financial metric which has risen to rule all the others – and that’s Return on Investment (ROI). You won’t be able to have a…
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Financial Literacy 101 – Gross Profit
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. Introduction Welcome to our first blog aimed at helping small business owners interpret and understand their financial statements. This week we’ll be focusing on understanding gross profit, what it means, how to calculate it and how to improve it. What is Gross…
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The Better Business Bureau Explained
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. Introduction I own a business, and on the advice of a friend I took the time to register with the Better Business Bureau (BBB). It wasn’t long after I created the free account that a BBB sales agent called me, trying to…
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Excel vs QuickBooks: Choosing the Right Tool for Bookkeeping
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. Introduction So you’ve started a business, and it’s time to get your bookkeeping in order. There are many different accounting software to choose from, but one that people tend to forget about is Excel. You might be surprised to hear that you…
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What is Double Entry Bookkeeping
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. If you own a small business then you’ve probably heard the term double entry bookkeeping thrown around, but what is double entry bookkeeping? Put very simply, it means that every single transaction recorded in your accounts must be entered in two separate…
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Unadjusted and Adjusted Financial Reports – Understanding the Difference
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. Introduction When you ask your accountant or bookkeeper for financial reports such as a Profit & Loss (P&L) or Balance Sheet, you’ll likely hear them add the disclaimer, ‘unadjusted’ to the financial reports they give you – but what does this mean?…
