What is the simplest strategy your business can adopt to increase your profits by 25 percent this year? You can keep your current customers happy. According to Fred Reichheld, a fellow of Bain & Company and author of Loyalty Rules! How Today’s Learners Build Lasting Relationships, suggests that across a wide range of businesses, when […]
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There are a number of reasons why your company may be struggling with cash flow issues, and many of them have little connection with how much business you are doing and how successfully you are doing it. Sometimes it is a simple matter of having your payables due before your receivables. If you have to […]
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Several times each year at AIS Solutions, we get a shock when new clients show up with their financial data a disorganized mess. Receipts are crumpled into plastic bags or jammed into the proverbial shoeboxes. Yes, shoeboxes are real. 🙂 When they tell us why they have finally sought bookkeeping and accounting assistance to organize […]
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Over the last several weeks I seem to have had an influx of new clients who are suffering from bad bookkeeping. I don’t know if it is because so many business owners are submitting their books to their accountant for year end, but it does seem like February and March are months that we see […]
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As business owners we have to know a lot of things about a lot of things. It can be overwhelming to say the least. Some of the things that we don’t know, we outsource. Don’t know how to design our logo – we hire a graphic designer. Don’t know how to build a website – […]
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In part 1, we talked a little about how you can prevent bookkeeping fraud. Here are some other tips to keep a watchful eye on this critical part of your business.
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At AIS Solutions, part of what we always are trying to do is help business owners understand their financial statements. I’ve always felt very strongly about how fundamental sound financials are for running a business, as they don’t only help you to understand the past, but predict and plan for the future. I often sit […]
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It’s April 15th and about the time that everyone is thinking about personal taxes. Although at AIS, we no longer prepare tax returns, personal or corporate, because we are in the accounting and bookkeeping field, we are often asked for a recommendation or a referral. Having completed tax returns for many years, I can tell […]
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We received notice this week from the Canada Revenue Agency that the Government of Canada will be encouraging businesses to use direct deposit for their payments by slowly phasing out federal government cheques by April 2016. There are several advantages to this move, as direct deposit allows for a faster and more secure method of […]
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For a lot of business owners, December 31st is their fiscal year end, which means that in January, the bottle of Advil, Tylenol or Aspirin is close at hand. Although it is the end of your fiscal year and the start of a new one, there shouldn’t be a great deal of extra work in […]
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