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Getting Paid by your Customers [Canada Business Network, CBN]

Publisher: 
Government of Canada
Year of publication: 
2012

Collecting the money that your customers owe you can be an arduous, stressful task if you don't approach it in a consistent manner. However, ensuring that you're getting paid on time is an essential aspect of business that will help you maintain positive cash flow. Just as your suppliers expect you to pay them on time, you, in turn, must require the same of your customers.

Computer Security [Canada Business Network, CBN]

Publisher: 
Government of Canada
Year of publication: 
2012

Is your business a target for cyber crime? Some business owners feel they are too small to be noticed, but you do have something cybercriminals want - your business and customer information. No computer security system is absolutely foolproof and no business is too small that it is not worth targeting. The best way to protect your business is to be aware of the threats, have a plan to deal with them and know what to do if you are attacked.

FACT: Fraud Awareness for Commercial Targets [Competition Bureau Canada]

Publisher: 
Government of Canada
Year of publication: 
2012

The Fraud Awareness for Commercial Targets (FACT) campaign is an outreach and education initiative of the Competition Bureau that provides businesses and not-for-profit organizations with the facts necessary to avoid becoming victims of fraud, which costs them millions of dollars annually.

Alternatives to Bankruptcy [Office of the Superintendent of Bankruptcy Canada]

Publisher: 
Government of Canada
Year of publication: 
2012

If you feel that your financial situation is out of control, there are four steps towards financial stability that you can take today. You may find that you are able to resolve the situation yourself through a little (or a lot) of hard work, or you may find that the best course of action is to seek the advice of a professional.

Accounting Software [Info Entrepreneurs]

Publisher: 
Canada Business Network
Year of publication: 
2012

If you choose the right package, good accounting software can help your business manage accounts more efficiently. It can make the process quicker and more straightforward. The growing emphasis on e-filing - or submitting records electronically - means that the use of accounts software is even more attractive because many packages can make this process very simple.

Budgeting and Business Planning [Info Entrepreneurs]

Publisher: 
Canada Business Network
Year of publication: 
2012

Once your business is operational, it's essential to plan and tightly manage its financial performance. Creating a budgeting process is the most effective way to keep your business - and its finances - on track.

International Financial Reporting Standards (IFRS) [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2012

There is currently global convergence towards a single set of high quality accounting standards for use throughout the world. Accordingly, the Accounting Standards Board of Canada has adopted a strategic plan to adopt International Financial Reporting Standards (IFRSs) by publicly accountable enterprises in Canada.

Keeping Records [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2019

If you are carrying on a business or engaged in a commercial activity in Canada, you are required by law to keep adequate records.

Expense Records [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2012

Always get receipts or other vouchers when you buy something for your business.

Income Records [Canada Revenue Agency, CRA]

Publisher: 
Government of Canada
Year of publication: 
2012

Gross income is your total income before you deduct the cost of goods sold and expenses.

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by Dr. Radut