Together we’ve provided a collection of free educational tools and resources to help you build a financial foundation.
Check out these resources that will help you create a strong financial foundation, so you can spend less time on your books, and more time doing what drives you.
How to prepare a balance sheet
A balance sheet is a picture of a company’s net worth at a given time, such as the end of the year. It reflects the company’s assets, liabilities and owner’s equity. It’s important to create and review this financial statement to track the growth (or contraction) of your business.Read more
Free Cash Flow Statement Template
A cash flow statement, along with the balance sheet and income statement (i.e. profit and loss statement), is one of the primary financial statements used to measure a company’s financial position. It tracks the inflow and outflow of cash resulting from operating, investing and financing activities during a given time period.Read more
3 Essentials for Successful Cash Flow Management
No business is immune from cash flow problems. A younger business might underestimate sales cycles or receivable time frames, or it could overestimate inventory. Any business could experience a cash flow problem following an unexpected downshift in the economy or a growth spurt that leads to a cash crunch.Read more
How to Create a Cash Flow Projection
If you don’t have cash in your account, you can’t pay your employees, put change in your cash registers, or handle other expenses. Working capital is critical for small businesses, and cash flow projections can be an important tool for ensuring you always have enough cash on hand.Read more
Three Tips to Lower Your Small Business Tax Bill
Managing expenses sits squarely in the sights of any organization. As the months pass, it’s important for small business owners to be mindful of ways to reduce year-end tax bills. There are a number of methods you can use to reduce the Canada Revenue Agency’s share of your revenues.Read more
Tax Savings Tips for the End of the Year
As the financial year of your small business winds down and you begin to plan for next year, see if there are ways to minimize your taxes for the current year. Follow these simple tips to leave more money in your pocket at tax time.Read more