Business tools are any type of system, application or solution that helps a business perform better. Small business tools make running a business much easier and they’re designed to be fast and easy to use. They can help with productivity, and save time and money. Business tools can be as simple as utilizing Google Drive. It can include any software for small business, file sharing programs, a mobile app, or online accounting tools like QuickBooks.

Specific types include: Accounting tools for business decision making, task management tools, social media, email, marketing automation, meeting scheduling programs, financial statements accounting tools, bookkeeping tools, Google Docs, e-signature program, customer relationship management systems, and more.

These free online accounting tools and calculators are designed for specific, quick calculations and insights (e.g., calculating a single margin, estimating employee costs). They are standalone resources for specific tasks.

Accounting software like QuickBooks, however, is a comprehensive system that tracks all your financial transactions, automates bookkeeping, generates detailed financial reports (like profit & loss, balance sheets), manages invoices, bills, payroll, and more, all in one integrated platform. While our free tools help with individual calculations, accounting software provides a holistic, real-time view of your entire business's financial health.

Accountants are always looking for the most effective ways to manage their client’s finances and QuickBooks is just one program they use to do so. When a client uses QuickBooks, they can share access with their accountant so that it is easier to complete monthly, quarterly and annual reporting for the tax office. Accountants may also use a project management system, a CRM, a paper-free document management system for file sharing, and a quality computer that provides fast, efficient access to online software like QuickBooks.

Our free online tools provide simplified versions of these common calculations, making essential financial insights accessible to small business owners, bridging the gap to more advanced professional tools.

Yes, all the online tools and calculators provided on the QuickBooks Canada blog are completely free to use. Our goal is to empower Canadian small businesses with valuable resources to manage their finances effectively.

Our calculators are designed to provide accurate results based on the formulas and inputs you provide. For tax-related calculations (like payroll), they are updated to reflect the latest Canadian federal and provincial rates. Always double-check results with a financial professional for critical decisions, as individual business circumstances can vary.

While the calculators themselves typically display results on-screen, you can manually copy and paste the results into an Excel file for your records. For seamless integration and automated tracking of all your financial data, a QuickBooks Online subscription allows you to input and manage these figures directly within your accounting system.