Category: Bookkeeping
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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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Understanding the Difference Between Adjusted and Unadjusted Financial Reports
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. 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? There…
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QuickBooks Online (QBO) Payroll vs Wagepoint
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. QBO Payroll and Wagepoint are probably the two most popular small business payroll software in the Canadian market. A common question I get asked is which one is better? In this article I’ll review both software to help you decide which one…
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Comprehensive Review of SOS Inventory Management Software: A Seamless Integration for QuickBooks
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. I recently took a free online webinar offered by the SOS Inventory Management team to learn more about their product. As someone who’s worked with major ERP systems in the past, I was curious to see what SOS had to offer. To…
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Dext vs Hubdoc: An OCR software review
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. What is OCR software? OCR (optical character recognition) software have been a real game changer for the small business accounting world. But what is OCR? In a nutshell, it’s software which can read images and pictures, recognize characters, and automatically extract key…
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A2X Software Review: Simplifying E-commerce Accounting
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. Who is this software for? A2X is an e-commerce software designed to help integrate major e-commerce sites (Amazon, Shopify, eBay, Etsy, Walmart and BigCommerce) directly with cloud-based accounting software such as Quickbooks online and Xero. E-commerce presents accounting challenges because there can…
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How to streamline your books – an entry level automation process for QBO
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. Efficiency and automation, these are the promises of every modern accounting software. Cloud based software such as Quickbooks Online (QBO) and Xero allow you to streamline your accounting processes, but only if your system is well thought out. This blog will take…
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Bookkeeper, Financial Controller and CFO Services Explained
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. Types of outsourced accounting service This article is aimed at small business owners who are trying to figure out what level of accounting service they need to hire and pay for when outsourcing their finance department. Accounting and consulting firms often categorize…
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Tax Deadlines 2024 I Full Guide for Small Canadian Companies
Written by Stephen Beard, Managing Director of Plyo Bookkeeping, a Vancouver-based bookkeeping firm. As the new year unfolds, small Canadian businesses are gearing up for another tax season. There are a lot of tax filings, payments, and year-end reporting requirements that need to be completed in the first half of 2024, so this blog aims…